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 promotes Moon to senior sales director role
11th March 2020
Global re/insurance broker Gallagher has promoted Kathryn Moon to the role of sales director for northern England, the Midlands, Scotland and Northern Ireland. Moon’s new role will see her take responsibility for defining and implementing Gallagher’s business development agenda for the region. She has been with the company since 2013 and has ... Read the full article
Windstorm Ciara/Sabine insured loss to exceed $1.1bn: Aon
11th March 2020
Re/insurance broker Aon has estimated that Windstorm Ciara (also known as Sabine) will cause industry losses of well above €1 billion (US $1.1 billion), with even larger economic losses. Ciara swept across 17 separate European countries over February 9th and 10th, killing at least 14 people and causing major wind-related damage ... Read the full article
Marsh announces Brian Hanuschak as CEO of Victor
10th March 2020
Global insurance brokerage Marsh has announced the appointment of Brian Hanuschak as Chief Executive Officer (CEO) of Victor Insurance Holdings, effective immediately. In his expanded role as CEO of the world's largest managing general underwriter (MGU), Hanuschak takes oversight of the company's global operations including Victor North America, ICAT, Dovetail, and ... Read the full article
Rating agencies stable on Aon, positive on WTW
10th March 2020
Rating agencies Moody’s and S&P Global Ratings have revised their outlooks for Willis Towers Watson (WTW) to positive, while maintaining a stable view on Aon, following yesterday’s confirmed merger deal between the two broking giants. After weeks of speculation about a potential deal, the companies announced a definitive agreement to ... Read the full article
Protecdiv adds Lester Pierre as CTO
10th March 2020
Specialty property and casualty re/insurance broker Protecdiv has appointed Lester Pierre as Chief Technology Officer and Chief Information Security Officer. Pierre was co-founder and CTO for software development company Wall Street Network and spent eleven years as VP and Chief Information Officer at reinsurance broker Holborn Corporation. “Leveraging leading-edge process and technology ... Read the full article
Nexus broking division acquires trade credit business of Howden UK
10th March 2020
Xenia Broking Group, the independent broking arm of Insurance intermediary holding company Nexus Group, is set to acquire the trade credit business of Howden UK. The transaction will complete on 31 March 2020 following which Xenia will integrate Howden’s trade credit business with its regulated entity Credit Risk Solutions Limited. “This is ... Read the full article
Aon confirms combination with Willis Towers Watson
9th March 2020
Global insurance and reinsurance broker Aon has confirmed that it will combine with rival broker Willis Towers Watson, following weeks of speculation about a potential deal. The companies today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. "This combination will ... Read the full article
Risk Strategies adds captive manager following Atlas Group purchase
6th March 2020
US insurance broker and risk management firm Risk Strategies has acquired captive specialist Atlas Insurance Management. The acquisition is a result of Risk Strategies’ purchase of Atlas Group and its affiliated entities. In addition to managing captive insurance entities, Atlas Insurance Management forms and operates a number of its own insurers. In particular, ... Read the full article
AFL adds Sarah Stephen as head of binding authorities
5th March 2020
Independent Lloyd’s broker AFL Insurance Brokers has announced the appointment of Sarah Stephen as head of binding authorities. She brings over 25 years’ experience to the role and most recently served as senior client manager for Munich Re’s Hartford Steam Boiler. Before that, Stephen spent 10 years as underwriting manager for two ... Read the full article
Tim Nagle joins Miller from rival broker Integro
5th March 2020
Specialist re/insurance broker Miller has added motorsport insurance specialist, Tim Nagle to its team in order to support growth in all areas of sport and entertainment. In his new role, Nagle will focus primarily on individual athletes and drivers, companies and associations with event liabilities and governmental organisations involved in sport. Over ... Read the full article
Lockton Re names Ross Howard chairman amid leadership reshuffle
5th March 2020
Lockton Re, the reinsurance division of broker Lockton, has named Ross Howard as global chairman alongside a series of high profile leadership appointments. Howard is the former Chief Executive Officer of Towers Watson and was most recently chairman at JLT Re. He also served as vice chairman of Guy Carpenter for a ... Read the full article
Businesses turning to credit insurance as volatility grows: Aon
5th March 2020
Re/insurance broker Aon believes that businesses are increasingly turning to credit insurance solutions as a way to manage uncertainty in an increasingly volatile economic, political and consumer environment. As part of a new report, the firm noted that the credit market has seen steady growth in recent years, with covered receivables ... Read the full article
Marsh opens Cyber Catalyst 2020 evaluation program
4th March 2020
Re/insurance broker Marsh has announced the 2020 opening of its Cyber Catalyst program, which aims to evaluate and designate products and services that can be effective against major cyber threats. In the inaugural 2019 program, more than 150 products and services were submitted for evaluation, with 17 ultimately receiving a Cyber ... Read the full article
CAC Specialty adds Marsh’s John Kim as environmental exec
4th March 2020
Specialty insurance broker and investment banking platform CAC Specialty has announced the appointment of John Kim as senior vice president within its environmental practice group. Kim brings over 25 years’ experience and most recently served as a managing director at Marsh. He began his career as an industrial hygienist and environmental scientist, ... Read the full article
AJ Gallagher acquires NY-based insurance broker, CMS
4th March 2020
International insurance brokerage firm, Arthur J. Gallagher & Co. (AJG), has announced that it has acquired CMS, LLC, a New York-based full-service wholesale insurance broker. The terms of the transaction have not been disclosed but it has reported that Scott Charney, Rich Verdi, Michael Raab and their associates will remain in ... Read the full article
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