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.
Aon estimates insured nat cat losses at $71bn in 2019
22nd January 2020
Global re/insurance broker Aon has released its catastrophe loss estimate for 2019, putting overall economic losses at £232 billion, of which the insurance industry is thought to have covered $71 billion. Analysts based this figure on 409 recorded catastrophe events in 2019, and noted that the economic loss was 20% lower ... Read the full article
Re/insurance broker Protecdiv launches in Philadelphia
22nd January 2020
A new, Philadelphia-based specialty property and casualty (P&C) insurance and reinsurance brokerage has been launched, called Protecdiv. The new re/insurance broker is led by experienced insurance industry professionals Kael Coleman as Founder and Chief Executive Officer (CEO) and Paul Little, as Chief Operating Officer (COO). According to an announcement on the launch, ... Read the full article
Willis Re appoints Cameron Green to lead intl casualty practice
21st January 2020
Willis Re, the reinsurance arm of global brokerage Willis Towers Watson, has appointed Cameron Green to lead its international casualty reinsurance practice and serve as chair of its Australian business. Green, who has been Willis Re’s Chief Executive Officer in Australia since 2013, will be responsible for the casualty practice segment’s ... Read the full article
WTW anticipates a busy year for longevity hedging & bulk annuities
21st January 2020
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), is expecting a busy year in the longevity de-risking markets after a record-breaking 2019. In 2019, £41 billion of bulk annuities completed alongside £12 billion of longevity swaps, making it a record year for the longevity de-risking sector. In a recent report, WTW ... Read the full article
Brown & Brown acquires MGA Texas All Risk
20th January 2020
A subsidiary of insurance brokerage Brown & Brown, Inc., Hull & Company, LLC, has acquired the assets of Texas All Risk, a managing general agent (MGA) for independent retail insurance agencies. Texas All Risk places a broad range of P&C insurance for businesses and individuals in Texas, Louisiana, and also Oklahoma. Once ... Read the full article
Aon’s Helene Madell named CBO for Commercial Risk, Health & Affinity UK
20th January 2020
Global insurance and reinsurance broker Aon has appointed Helene Madell as Chief Broking Officer (CBO) for Commercial Risk Solutions, Health Solutions and Affinity in the UK, effective April 6th, 2020. Madell currently serves as Chief Broking Officer for Commercial Risk Solutions, Health Solutions and Affinity for the broker in the Pacific ... Read the full article
Marsh adds Aon’s Quintal as managing director in FI practice
17th January 2020
Global re/insurance brokerage Marsh has appointed Jacqueline Quintal as a managing director in its US financial institutions practice. Quintal brings 15 years’ insurance experience to Marsh and joins from Aon, having most recently served as financial institutions industry leader. Based in New York, she will deliver industry-leading transactional and risk advisory solutions ... Read the full article
Risk Strategies acquisition targets student health services
17th January 2020
US insurance broker and risk management firm Risk Strategies has announced the acquisition of Academic HealthPlans, Inc. (AHP), a firm that creates and administers health insurance plans that colleges and universities make available to its students. The acquisition will significantly expand Risk Strategies’ standing as a broker of student health insurance ... Read the full article
Marsh & McLennan Agency acquires Atlanta broker Ironwood
17th January 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Ironwood Insurance Services, LLC. Based in Atlanta, Georgia, Ironwood provides commercial property and casualty insurance, employee benefits, and private clients solutions to mid-sized businesses and individuals through the US. The firm is ... Read the full article
Casualty market pressures see capacity tighten at 1/1: Guy Carpenter
17th January 2020
Casualty reinsurance capacity tightened at the recent January renewals against a backdrop of heightened litigation costs, more generous jury verdicts, and shifting attitudes in the US, according to Guy Carpenter. Analysts noted that many reinsurers were forced to adopt more cautious underwriting positions at 1/1 due to higher loss cost trends, ... Read the full article
Lars Forsstedt rejoins Aon’s Nordic M&A team
15th January 2020
Global insurance and reinsurance brokerage Aon has announced that Lars Forsstedt has re-joined its Nordic team from Willis Towers Watson (WTW). Forsstedt has been appointed to Aon's Nordic M&A and Transaction Solutions team, joining from WTW where from October 2017 he served as Practice Leader, Private Equity - Nordics. He first joined ... Read the full article
Tysers announces minority investment in Bermuda’s Helix
14th January 2020
Tysers, the specialty London-based wholesale broker, has announced a minority investment in Helix Underwriting Partners Limited, the first multi-line independent Managing General Agent in Bermuda. Helix, which was founded by re/insurance industry veterans Claude Lefebvre, Nicholas Lucking and Neville Watson, launched in Bermuda last week after receiving all necessary approvals ... Read the full article
BGC’s Piiq Risk Partners adds Ian George as Senior Partner
14th January 2020
Piiq Risk Partners, the recently branded global aerospace brokerage of BGC Insurance Group, has announced the appointment of Ian George as Senior Partner. Set to join the firm later this year, George brings 23 years of global experience in both the aviation and space sectors. He joins Piiq from Willis Towers ... Read the full article
Total reinsurance capital hit record $625bn high in 2019
13th January 2020
Reinsurer capital offset a 3% decline seen in 2018 by increasing 7% over the first nine months of 2019 from $585 billion to $625 billion, according to a report from global re/insurance broker Aon. This was helped by traditional reinsurance capital increasing 9%, or $44 billion to $532 billion, over the ... Read the full article
Total cat bond issuance surpasses $100bn: Aon Securities
13th January 2020
Aon Securities, the investment banking division of re/insurance broker Aon, has reported that the catastrophe bond sector has now surpassed $100 billion in cumulative issuance. The sector, which began with the placement of a $45 million all-peril cat bond in 1996, has seen a gradual increase in the utilisation of insurance-linked ... Read the full article