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.
Gallagher appoints Simon Collings as MD within UK retail division
9th April 2020
International insurance broker Gallagher has appointed Simon Collings as managing director of its national broking and placement team within its UK retail division. Collings has over 30 years’ industry experience and joined Gallagher in 2017 as market management director for UK retail. Prior to joining Gallagher, he held several senior positions at ... Read the full article
Brokerslink adds Pedro Moura Ferreira as Business, Placement Director
8th April 2020
Global broking business Brokerslink has bolstered its senior team with the appointment of Pedro Moura Ferreira as Business & Placement Director. Ferreira will work closely with the organisation’s global Partners & Affiliates to strengthen the network and support multinational business opportunities. He has an insurance career spanning over 25 years and has ... Read the full article
Guy Carpenter adds Vijaya Singh as global marketing, comms head
8th April 2020
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has announced the appointment of Vijaya Singh as global head of marketing and communications. Singh joins from global executive search and leadership advisory firm Russell Reynolds Associates, having served as global head of external marketing and public relations. Prior to her ... Read the full article
Organized 1/4 renewals a prudent approach in light of COVID-19: Willis Re’s Kent
7th April 2020
The majority of protection buyers started their April 1st reinsurance renewal negotiations well in advance, which, in light of the challenges driven by the COVID-19 pandemic proved to be a prescient approach, according to James Kent, global Chief Executive Officer (CEO) of Willis Re. As noted by reinsurance brokerage Willis ... Read the full article
Aviation risk shifts as fleets remain grounded: Gallagher
7th April 2020
The lack of air travel caused by the coronavirus (COVID-19) may have completely changed the risk profile of aviation underwriting books, with data from Gallagher showing that more than $164 billion of aircraft insurable value is currently parked on the ground. With so much value sitting stationary and unused, it suggests ... Read the full article
BMS Group adds Larry Broadnax as SVP, property fac leader
7th April 2020
Specialist re/insurance broker BMS Group has appointed Larry Broadnax as senior vice president, property facultative leader. Effective April 15, Broadnax will be based in Atlanta and report to Pete Chandler, president & Chief Executive Officer of BMS’s US reinsurance arm. He joins with over 40 years’ insurance experience, specializing in property facultative ... Read the full article
Aston Lark appoints Stevenson as Associate Director, head of new office
7th April 2020
Chartered insurance broker Aston Lark has announced the appointment of Jim Stevenson as Associate Director and head of its new Cheltenham office. Stevenson joins after a 19-year career at Clarke Roxburgh, Jelf and Marsh Commercial where he was Regional Director in the South Midlands and South Wales leading offices in Worcester, ... Read the full article
COVID-19 impacts to dent insurance brokers’ organic growth: Analysts
6th April 2020
The impacts of the COVID-19 pandemic on the global economy is expected to mitigate organic growth for insurance brokers, but firms cost saving initiatives and a hardening commercial lines market could offset some of the negative pressures, according to analysts at Wells Fargo Securities. It's going to be some time before ... Read the full article
Marsh appoints Rahr as Global Leader, Multinational Client Service
6th April 2020
Global insurance broker Marsh has appointed David Rahr as Global Leader, Multinational Client Service. Based in Chicago, Rahr will report to Flavio Piccolomini, President, Marsh International, and Martin South, President, US and Canada. Rahr succeeds Justin Walsleben, who has retired from the firm. He will oversee Marsh’s Multinational Client Service team and most ... Read the full article
Marsh & McLennan Agency acquires Assurance Holdings
3rd April 2020
Marsh & McLennan Agency, the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Illinois-based Assurance Holdings. Assurance was founded in 1961 and is a full-service brokerage providing business insurance, employee benefits, private client insurance and retirement services to companies and individuals across the country. The company ... Read the full article
BMS inks Preferred Partner agreement with Portuguese broker Tagus
2nd April 2020
Independant specialist re/insurance broker BMS Group has concluded a Preferred Partner agreement with Tagus Specialty, a new wholesale and specialty broker. A plan has been developed that will see BMS teams in London and Madrid work closely with Tagus. Tagus will also receive support from BMS on the distribution of specialty reinsurance ... Read the full article
Nexus division completes trade credit takeover from Howden UK
2nd April 2020
Xenia Broking Group, the independent broking arm of insurance intermediary holding company Nexus Group, has completed its acquisition of the trade credit business of Howden UK Group Limited. The acquisition was announced last month, and will see Xenia integrate Howden’s trade credit business with its regulated entity Credit Risk Solutions ... Read the full article
Loss-hit lines up +50% during a steady April reinsurance renewals: Willis Re
1st April 2020
Despite the disruption caused by the ongoing COVID-19 pandemic, reinsurers took a measured approach to the April renewals and services were provided without interruption, reports reinsurance broker Willis Re in its latest 1st View renewals report. According to Willis Re, the reinsurance broking arm of Willis Towers Watson, the global reinsurance ... Read the full article
Charles Rumball to lead Willis Re Specialty – North America
31st March 2020
Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has appointed Charles Rumball as Head of Specialty - North America, reporting to both Donald Harrell, Chief Operating Officer (COO) of Willis Re Specialty and Jeffrey Livingston, Executive Vice Chairman, Willis Re North America. Currently, Rumball serves as Executive Vice ... Read the full article
BMS Group subsidiary acquires specialist broker Jurado Mata
26th March 2020
Independent specialist re/insurance broker BMS Group has announced the acquisition of Jurado Mata by its Spanish subsidiary, BMS Iberia. Jurado Mata was founded in 1990 and provides a range of affinity, commercial and personal lines solutions to a number of clients across Spain. Juan Mata, Chief Executive Officer of Jurado Mata, will ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
