Reinsurance News

Reinsurance broking news

Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.

Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.

Willis Re’s PRISM-Re tool upgraded to include silent cyber

8th January 2018

PRISM-Re, the cyber risk portfolio modelling tool from reinsurance broker Willis Re, has been upgraded to now include silent cyber, providing insurers and reinsurers with a more comprehensive view of cyber exposures. Willis Re, the global reinsurance arm of insurance and reinsurance brokerage Willis Towers Watson, first launched PRISM-Re in February ... Read the full article

AmWINS to acquire personal lines specialty MGA Seacoast Brokers

3rd January 2018

Specialty insurer AmWINS Group has reached an agreement to acquire personal lines specialty MGA Seacoast Brokers, LLC, with the transaction due to close following regulatory approval. Steven DeCarlo, Chief Executive Officer of AmWINS, said; “the addition of Seacoast to our AmWINS Access division significantly increases our personal lines products and services. “Seacoast’s ... Read the full article

Rate movements varied at 1/1 but retro and D&F saw highest increases: JLT Re

2nd January 2018

After years of falling rates, global property catastrophe reinsurance lines saw upwards pricing movements at the January 1st, 2018 renewals, although the level of rate increases varied significantly across regions, according to reinsurance broker JLT Re. After the huge level of global catastrophe losses in the third-quarter of 2017 reinsurers were ... Read the full article

Headwinds limit significant pricing corrections for reinsurers: Willis Re

2nd January 2018

On the back of one of the worst loss years on record for the global insurance and reinsurance market, pricing corrections have not been as significant as many in the market had hoped for, driven by a number of factors, according to Willis Re's 1st View renewals report. Recent catastrophe ... Read the full article

Ed names Heather Clarkson as Managing Director of Marine

22nd December 2017

Ed has announced the appointment of Heather Clarkson, who joins from a role as Chief Broking Officer of Marine and Head of Hull at Aon Risk Solutions, to Managing Director of Marine with effect from 2nd January 2018. Clarkson boasts over three decades of insurance experience, including having served on a ... Read the full article

MMC names Stacey Mills as VP and Controller

22nd December 2017

Marsh & McLennan Companies (MMC) has announced the appointment of Stacey Mills as Vice President (VP) and Controller, a role that will see her serve as the company's Chief Accounting Officer (CAO), effective January 1st, 2018. Mills joined the firm in 1999 as Controller of Putnam Investments, and has served as ... Read the full article

Paul Moody named as Marsh’s CEO of UK specialities unit

18th December 2017

Marsh & McLennan Companies' insurance brokerage arm, Marsh, has named Paul Moody as Chief Executive Officer (CEO) of its UK specialities unit, effective January 1st, 2018. Moody replaces Roy White, who has been appointed to the newly created position as Chairman of UK Specialties. Moody has been with Marsh for roughly 18 years, and ... Read the full article

B.P. Marsh announces investment in Lloyd’s broker, EC3 Brokers Limited

18th December 2017

Venture capital provider B.P. Marsh & Partners Plc has announced an investment into EC3 Brokers Limited via a newly established company, EC3 Brokers Group Limited. The transaction sees the company take an effective 20% equity stake in EC3 for a total cash consideration of £5 million (US$6.7nm), in a mix of ... Read the full article

Bretton Woods gains independent license & Lloyd’s Broker status

15th December 2017

Specialist insurance broker Bretton Woods (BWI) has gained an independent licence as a Financial Conduct Authority authorised broker and has achieved status as a “Lloyd’s Broker” registered by Lloyd’s of London. BWI will continue to use its own broker number – BWI 1392 BWI. Prior to gaining its FCA license, BWI traded as ... Read the full article

Typhoon Damrey drives $1 billion loss in Vietnam

14th December 2017

Vietnam has suffered a $1 billion loss after Typhoon Damrey made landfall on the 4th of November, 2017, killing at least 108 people and damaging over 300,000 properties, according to insurance and reinsurance broker, Aon. Typhoon Damrey made landfall on the 4th of November in the country’s south-central coastal region as a ... Read the full article

BMS Re expands team with two senior appointments

14th December 2017

Reinsurance specialist broker BMS Re US (BMS), has expanded its team with two senior appointments, naming Chang Liu as Director of Catastrophe Analytics Technical Development and Bradley Parent, an Associate of the Casualty Actuarial Society, as Assistant Vice President / Actuary. BMS said the new hires show its continued commitment to incorporate actuarial ... Read the full article

Rupert Evans joins Aon Benfield’s Credit & Financial Risks division

12th December 2017

Rupert Evans will join reinsurance broker Aon Benfield from Liberty Speciality Markets (LSM) as a broker within its Credit & Financial Risks team, effective immediately. Evans has specialised in underwriting political risk, credit & surety business, and also has experience within other crisis management lines. He joins Aon Benfield from LSM, where ... Read the full article

JLT Re names Desmond Bohan as Senior Vice President

6th December 2017

JLT Re has appointed Desmond Bohan, who joins from Frates, to Senior Vice President (SVP) as the broker looks to expand its program business. Bohan will be responsible for the continued expansion and development of JLT Re’s Program practice in North America, as the reinsurer continues to build its specialized program group ... Read the full article

Aon’s Impact Forecasting cat model joins ModEx platform

1st December 2017

Impact Forecasting, Aon Benfield’s catastrophe risk model development centre, has become the fourth model vendor to offer its cat risk model solutions on the integrated ModEx platform. Impact has announced a deal on model provision with Simplitium enabling it to add its models to the ecosystem of cat risk modelling services ... Read the full article

Aon expands Switzerland presence with Unidelta AG acquisition

30th November 2017

Aon Switzerland, a division of global insurance and reinsurance broker Aon, has announced plans to acquire Unidelta AG, an insurance broker based in Rapperswil, St. Gallen, Switzerland. Following the acquisition, Chief Executive Officer (CEO) and founder of Unidelta AG, Peter Merkli, will remain as Managing Director, and will also form part of ... Read the full article

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