Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, 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.
Aon secures Lloyd’s accreditation for reinsurer trading portal
22nd April 2020
Global re/insurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. The Lloyd’s Franchise Board provided ‘conditional recognition’ of the platform following the recent deployment of Aon’s binding function, so valid contracts can be written as ePlacements. Gaining approval from Lloyd’s as part of the electronic placing ... Read the full article
Reinsurers grow premiums & profits in 2019 but underwriting dips: Aon
21st April 2020
Analysis in Aon's Reinsurance Aggregate (ARA) report, which tracks the financial performance of 23 leading reinsurance carriers through 2019, reveals an increase in premiums and pre-tax profit when compared with the prior year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. Insurance ... Read the full article
Piiq Risk adds WTW’s Neil Maynard as Senior Partner
20th April 2020
Piiq Risk Partners, the recently branded global aerospace brokerage of BGC Insurance Group, has appointed Neil Maynard as Senior Partner. Maynard will join the business next year and will be based in London, reporting to Marcel Chad, President. He brings extensive broking expertise, having spent more than 25 years at Willis Towers ... Read the full article
Cooper Gay confirms acquisition of Meteo Protect brand & tech
20th April 2020
Cooper Gay France, the European brokerage and wholesale managing general agency (MGA), has acquired the brand and technology of parametric and weather index insurance specialist and Lloyd's of London coverholder, Meteo Protect. The agreement provides Cooper Gay, which is part of the BGC Partners broking group, with stronger capabilities in the ... Read the full article
Covid-19 shows sensitivity of re/insurers to equity market volatility: Willis Re
17th April 2020
The global reinsurance capital base is expected to take a hit of approximately 5% from the financial impacts of the Covid-19 coronavirus pandemic, reports Willis Re, the reinsurance arm of global brokerage Willis Towers Watson (WTW). The reinsurance broker's Strategic and Financial Analytics teams' 5% estimate is a marked improvement on ... Read the full article
Strong year ahead for bulk annuities after record 2019: Aon
17th April 2020
Re/insurance broker Aon is expecting another strong year for the bulk annuity market in 2020 after business reached a record high of £42 billion last year. The market easily surpassed the previous record of £24 billion set in 2018, which was itself almost twice as high as the previous peak of ... Read the full article
Climate risk to transform energy sector: Willis Towers Watson
16th April 2020
Analysts at Willis Towers Watson (WTW) have suggested that climate change risks and environmental social governance (ESG) will have a transformative effect on the energy insurance industry in the coming years. As part of its annual Energy Market Review, WTW noted that the recent oil price war and the reduction in ... Read the full article
WTW adds Matt Scott as climate, resilience senior director
16th April 2020
Global re/insurance broker Willis Towers Watson has appointed Matt Scott as a senior director within its Climate and Resilience Hub. Scott brings more than 20 years’ experience to the role, having most recently played an integral role in the Bank of England’s climate team under Governor Mark Carney from 2014. In his ... Read the full article
Howden adds Greek broker MATRIX to group
16th April 2020
Howden Broking Group has announced the addition of MATRIX Insurance and Reinsurance Brokers to the group. MATRIX was founded in 2003 and became a broker at Lloyd’s in 2012. It is the leading re/insurance broker in large Corporate and Industrial Risks in Greece and Cyprus. This announcement follows a strategic partnership between ... Read the full article
Energy & power industry should prepare for turmoil, warns Marsh JLT Specialty
16th April 2020
Amid widespread uncertainty surrounding the potential impacts of the COVID-19 pandemic on the energy and power insurance sector, Marsh JLT Specialty has said that the industry should be prepared for a period of turmoil. Currently, the potential hit to the insurance and reinsurance industry from the impacts of the ongoing coronavirus ... Read the full article
THB adds Bob Reichenfeld as executive director for Europe
15th April 2020
Specialist re/insurance broker THB has appointed Bob Reichenfeld as executive director for THB Europe. Reichenfeld will be based in Amstelveen, a Municipality in the Netherlands, and will lead THB’s treaty offering, working alongside the facultative team to service the growing client base. He will report to Ricardo Borges, managing director of THB ... Read the full article
RKH Specialty adds Paul O’Neill as CEO for Asia Pacific
15th April 2020
Specialty lines broker RKH Specialty has announced the appointment of Paul O’Neill as Chief Executive Officer for Asia Pacific. Although O’Neill will join on 1 May 2020, he will assume the role once local regulatory formalities are finalised. He was previously the Chief Underwriting Officer of Specialty at Allianz Global Corporate & ... Read the full article
Ed appoints AJG’s Niraj Perera as Head of Transactional Risk
14th April 2020
Global reinsurance brokerage Ed has launched its transactional risk team with the appointment of Niraj Perera as Head of Transactional Risk within its professional and executive risk division. Perera joins the firm from brokerage Arthur J. Gallagher and brings more than two decades of insurance industry experience to the role, having ... Read the full article
Protecdiv adds Jose Montemayor to its board
9th April 2020
US reinsurance broker Protecdiv has announced the appointment of Jose Montemayor to its board. Montemayor has more than twenty-five years’ experience in all aspects of insurance regulation, operations, and mergers and acquisitions. He spent six years as the Commissioner of Insurance for the State of Texas and currently sits on a number ... Read the full article
WTW calls for long-term view to M&A deals amid COVID-19 uncertainty
9th April 2020
As the global merger and acquisition (M&A) market continues to trend downwards, re/insurance broker Willis Towers Watson (WTW) has called on business leaders to draw on lessons from the 2008 financial crisis and take a long-term view to deals amid widespread uncertainty. Insurance and reinsurance brokerage firm WTW notes that since ... Read the full article
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