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.

Brokers must educate SMEs on rising security threats: A.J. Gallagher

1st August 2017

A report commissioned by Arthur J. Gallagher (A. J. Gallagher) reveals how unprepared UK small and medium-sized enterprises (SMEs) are to manage and respond to rising security threats, calling on the broker community to improve awareness and education of the exposures. UK SMEs are becoming increasingly aware of security threats to ... Read the full article

Marsh & McLennan Agency announces hire of new President and COO

1st August 2017

Marsh & McLennan Agency (MAA) has expanded its executive team with the appointment of Bill Jeatran to President and Christina Mott to Chief Operating Officer. Jeatran and Mott will be reporting to Chairman and CEO of MMA David Eslick. Jeatran succeeds Ben Allen who has left the firm; as President he'll develop the ... Read the full article

JLT Re names Ben Gray as new London & International Cyber Treaty partner

31st July 2017

JLT Re has named Ben Gray as a new Partner in the firm's London and International Markets (LIM) team, where his main focus will be on Cyber Treaty reinsurance. Gray brings extensive experience in the Cyber Treaty reinsurance brokerage space, joining from a position as Cyber Treaty broker with Ed, prior ... Read the full article

THB names Rodrigo Botelho Director of its European division

31st July 2017

Specialist insurance and reinsurance brokerage, THB, has named Rodrigo Botelho Director of its European division, in a move designed to expand the firms reinsurance capabilties, effective October 1st, 2017. Botelho joins the firm from Universal Seguros in Angola and will be based in the firm's Amsterdam, Holland office. Prior to Universal Seguros he held ... Read the full article

Lower rates & stagnant reinsurance sector hindering broker growth: MarketLine

27th July 2017

The global insurance broking industry grew at a compound annual growth rate (CAGR) of 7% between 2012 and 2016, however, MarketLine warns that despite impressive growth, lower commissions and the stagnant reinsurance industry are contributing to a slowed growth trend for the sector. Data and analysis from research firm, MarketLine, shows that ... Read the full article

U.S. Risk acquires Strategic Insurance Underwriters

27th July 2017

U.S. domiciled property and casualty wholesaler, U.S. Risk Insurance Group, Inc., has acquired specialist trucking managing general agent (MGA) and broker, Strategic Insurance Underwriters. Strategic Insurance is based in Florida, U.S., and has 34 years worth of experience providing tailored insurance solutions to the trucking and transportation sectors. After the acquisition and ... Read the full article

Will brokers role in value chain be disrupted by digital? Inga Beale

27th July 2017

As market middle men the role of brokers has come under fire with re/insurers moving further on down the value chain to access risk directly as their revenue and profitability is squeezed by the softening reinsurance market environment, and with the digital revolution disrupting all industry players, the brokers role in ... Read the full article

Beach names Julian Goldberg as senior Vice President

25th July 2017

Beach & Associates has named Julian Goldberg, joining from RenaissanceRe Syndicate 1458, as newly appointed Senior Vice President (SVP). As Beach SVP Goldberg will be London-based, reporting to partner, Adam Hedley, and will help steer the firm's growth and management of its casualty reinsurance business and product development. Hedley commented; “Beach’s growing ... Read the full article

New Dawn Risk Group gets approval to operate as registered Lloyd’s broker

18th July 2017

New Dawn Risk Group Limited, an independent specialist intermediary for non-marine liability and specialty insurance and reinsurance, has been given approval to operate as a registered Lloyd's broker. The approval comes after the group traded for nine years as an appointed representative of Grosvenor Brokers (America) LLC and more recently of ... Read the full article

Choolhun joins Ed from RKH Specialty as a Divisional Director

18th July 2017

International reinsurance broker, Ed, has named Roshan Choolhun Divisional Director of its Accident & Health (A&H) and Contingency operations. As part of his new role at Ed, Choolhun will be tasked with growing the firm's A&H and Contingency business with a focus on expanding the company's presence in the Middle East, ... Read the full article

Tom Hettinger to lead Guy Carpenter’s U.S. & Canadian advisory capabilities

18th July 2017

Global reinsurance broker, Guy Carpenter, has announced the appointment of Tom Hettinger as the new head of its capital, structured risk, growth and rating agency advisory capabilities in both the U.S. and Canada. Hettinger will report to Rob Bentley, head of Global Strategic Advisory, and will be based in the broker's Chicago, U.S. office. Hettinger ... Read the full article

Willis adds Divisional Director to Financial Solutions Division

13th July 2017

Global insurance and reinsurance broker, Willis Towers Watson, has hired Stephanie Pariot as a Divisional Director within its Financial Solutions Division, which is part of the firm's Global Financial Lines and Corporate Risk and Broking unit. Pariot joins Willis Towers Watson with more than a decade of investment banking experience, having ... Read the full article

TigerRisk becomes first broker to join blockchain research centre

10th July 2017

TigerRisk Partners has become the first insurance broker to join R3 and ACORD's, Association for Cooperative Operations Research and Development, insurance industry Centre of Excellence for Distributed Ledger Technology/blockchain. The Centre of Excellence was launched to provide a dedicated environment for both R3 and ACORD members to research and experiment with ... Read the full article

Willis acquires 49% stake in Indian insurance broker Almondz

10th July 2017

Willis Towers Watson has acquired a 49% stake in Indian composite insurance broker Almondz, the joint venture will combine Willis' global network and expertise with Almondz' local reach and clientele. Almondz serves clients across a broad range of industries and sectors with nine offices throughout the country and over 300 associates. Almondz ... Read the full article

Willis names James Jackson Head of FINEX FI for Great Britain

10th July 2017

Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has named James Jackson Head of FINEX Financial Institutions (FI) for Great Britain (GB), succeeding Dr. Paul Search. WTW's FINEX business is part of its Corporate Risk and Broking division, and acts as the broker's financial, executive and professional risk specialty group.  Jackson ... Read the full article

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