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.

Guy Carpenter Chairman Britt Newhouse to retire at the end of 2017

30th November 2017

The Chairman of reinsurance broker Guy Carpenter, Britt Newhouse, is to retire from his position at the end of 2017, according to ratings agency A.M. Best. Britt Newhouse's retirement was confirmed to A.M. Best's News Service by Guy Carpenter's Assistant Vice President (AVP), Marketing and Communications, Gray Newhouse. Britt Newhouse has been ... Read the full article

Holborn names Adam Manus President and Chief Brokerage Officer

28th November 2017

U.S. domiciled independent reinsurance brokerage, Holborn Corporation, has named Adam Manus as its new President and Chief Brokerage Officer (CBO), effective immediately. Manus will be based in the company's New York office, and his election by the Board comes after more than twenty years with Holborn, previously serving as Executive Vice ... Read the full article

Starr Companies enters into aviation insurance agreement with SMARTT MGA

22nd November 2017

Starr Companies has announced a new partnership with SMARTT MGA, that sees the latter act as Agent for Starr International (Europe) Limited, providing both automated quotes and policy documentation for light general aviation business. Jim Herbert, Chief Underwriting Officer (CUO), Aviation, said; "We have built a close and fruitful relationship with ... Read the full article

Steven Beard named as RFIB & Limehouse holding company CFO

20th November 2017

Steven Beard has been appointed to Chief Financial Officer (CFO) of RFIB and Limehouse holding company and to Chief Executive Officer (CEO) of newly created services company, George Yard Services (GYS), effective December 4th, 2017. Beard joins from a role as Group CEO of technology and professional services firm Agilisys, which ... Read the full article

London market could become more competitive as FCA investigates broking practices

15th November 2017

Heavy operating costs mean the London market has been losing business to foreign re/insurance hubs in recent years, but according to Fitch Ratings, an upcoming review of broker practices by the Financial Conduct Authority (FCA) could help to reverse this trend. Rising broking commissions have added to pressure on insurers' underwriting ... Read the full article

California wildfire insured losses could reach $8 billion: Aon Benfield

9th November 2017

Aon Benfield, the reinsurance arm of global insurance and reinsurance brokerage Aon, has said that the California wildfires could drive an insurance industry loss of up to $8 billion, which, on an aggregate basis, makes it the costliest insured wildfire event ever recorded. Aon Benfield and its catastrophe risk modelling unit, ... Read the full article

JLT Re and CXIS announce P&C policy growth programme partnership

9th November 2017

Reinsurance broker JLT Re and CXIS have announced a new partnership for the launch of CXIS's Property & Casualty Retention and Policy Growth Programme. CXIS Joseph Serrano said; "We're thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention programme to their clients. "Beyond JLT Re's deep market ... Read the full article

Premature to forecast post-catastrophe rate rises: JLT

7th November 2017

Insurance and reinsurance broker JLT Group said this morning that it is "premature to draw conclusions" as to how much re/insurance rates may rise following the spate of recent catastrophe losses. The brokerage said that due to the timing of both insurance and reinsurance renewals, the impacts of catastrophes including hurricanes ... Read the full article

Willis Towers Watson appoints Evariste Yeung Head of P&C, North Asia

6th November 2017

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has named Evariste Yeung as Head of Property and Casualty (P&C), North Asia, effective 25th September, 2017. Yeung is based in Shanghai and reports to Managing Director of WTW's Insurance Consulting and Technology business in Asia-Pacific, Richard Collis. In his newly created position, ... Read the full article

Gareth Davies joins Lockton in Bermuda from JLT

6th November 2017

Global insurance and reinsurance broker, Lockton, has announced the appointment of Gareth Davies, formerly Chief Executive Officer (CEO) of JLT Bermuda, as Senior Vice President (SVP), Property, Bermuda. Davies has more than 20 years of property broker experience in Bermuda, and has expertise in facultative reinsurance as well as alternative property ... Read the full article

Recent events a reminder of the effectiveness of reinsurance: David Priebe, GC

3rd November 2017

The series of recent catastrophes in Mexico, the U.S. and the Caribbean will generate more opportunities for the reinsurance industry as they demonstrate its necessity as a protection for primary risk bearers, and as an efficient tool for managing large-scale capital events. The recent loss events have the potential to make ... Read the full article

JLT formally joins London Market’s electronic placing platform

1st November 2017

Global insurance and reinsurance brokerage and advisory, JLT Group, has joined the London Market's electronic placing platform, Placing Platform Limited, (PPL). The broker was actively involved in the early developmental stages leading up to the launch of the platform in July 2016, and says it's "encouraged by the progress being made." Following the ... Read the full article

Aon Netherlands completes acquisition of UMG from Aegon

1st November 2017

Aon Groep Nederland, the Netherlands subsidiary of global insurance and reinsurance broker Aon, has completed the acquisition of Unirobe Meeus Group (UMG) from Aegon, for €295 million (US$343 million). The transaction includes the whole of UMG and strengthens Aon's position in the Netherlands marketplace, improving its presence in the SME and ... Read the full article

Maven invests £3mn to fund Altra Consultants’ expansion

31st October 2017

UK private equity house Maven has invested £3 million to fund the construction of its Lloyd's of London registered broking subsidiary, Altra Consultants' new multi-line broking business, Parker Norfolk & Partners (PNP). Following its acquisition of PNP, Altra obtained approvals for it to use PNP’s Lloyd's brass plate, enabling the firm to ... Read the full article

Aon acquires UK insurance broker Henderson

30th October 2017

Insurance and reinsurance broking specialist Aon plc is acquiring Henderson Insurance Broking Group, an independent UK-based insurance brokerage. Henderson is one of the UK’s largest independent brokers, with a focus on general insurance, health and benefits and trade credit insurance. Its clients include large corporates, mid-market and SME businesses and the insurance ... Read the full article

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