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.
Willis Re adds Dan Melanson as SVP, health practice leader
26th March 2020
Willis Re, the reinsurance business of Willis Towers Watson, has appointed Dan Melanson as senior vice president and Health Practice leader. Melanson will serve on the Life, Accident and Health senior management team and be responsible for creating and executing strategies to grow the Willis Re LAH business. He begins immediately and ... Read the full article
Aon’s Eric Andersen, WTW’s Julie Gebauer to lead integration
25th March 2020
Global insurance and reinsurance broker Aon has confirmed to Reinsurance News that Eric Andersen, President of Aon and Julie Gebauer, Head of Human Capital & Benefits at Willis Towers Watson (WTW), will lead the integration of the two brokerage firms. On the 9th of March, 2020 Aon announced that a ... Read the full article
WTW tool enables tracking of COVID-19 cases against P&C portfolios
25th March 2020
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the addition of a new COVID-19 feature within its Global Peril Diagnostic modelling tool, designed to track pandemic cases against P&C clients' global assets. The new, real-time, risk and analytics feature provides risk managers with up-to-date information on confirmed COVID-19 ... Read the full article
Coronavirus BI loans available to UK brokers, but not re/insurers
23rd March 2020
Government-owned development bank, the British Business Bank, has revealed that the recently announced Coronavirus Business Interruption Loan Scheme (CBILS) will be made available to UK brokers, but not to insurers or reinsurers. CBILS is a new scheme announced last week by Chancellor Rishi Sunak to help support businesses whose operations have ... Read the full article
Could market decline force M&A price renegotiations? (Covea-PartnerRe, Aon-WTW)
23rd March 2020
With pressures from the coronavirus (COVID-19) outbreak causing a surge in market volatility and significant decreases in share prices, there could be a question mark over some of the larger merger and acquisition (M&A) deals announced recently. For example, PartnerRe shares were valued at US $27.20 per share on the New ... Read the full article
Marsh appoints Fiona Park to multinational practice leader role
20th March 2020
Global insurance broker Marsh has appointed Fiona Park as its multinational practice leader for Scotland within its UK corporate division. Based in Glasgow, Park will lead a team which brings together expertise across Marsh’s Corporate offices in Aberdeen, Edinburgh, and Glasgow, and the business’s global network. She reports to Allan McPherson, regional ... Read the full article
Willis Towers Watson announces A Class, a business aviation community
19th March 2020
Global insurance and reinsurance broker Willis Towers Watson (WTW) has launched a new community group dedicated to the delivery of data, knowledge and solutions to its business aviation clients, called A Class. The new business aviation community has a focus on both data analytics and risk strategy and is designed to ... Read the full article
BMS Re US adds Jonah Pfeffer as Chief Casualty Officer
19th March 2020
Specialist re/insurance broker BMS Group has appointed Jonah Pfeffer as Chief Casualty Officer at BMS Re US. Effective immediately, Pfeffer will report to Pete Chandler, president and Chief Executive of BMS Re US, and focus on the strategic direction of BMS’ casualty offering. He joins with 23 years’ experience and most recently ... Read the full article
Alliant appoints Sean White to employee benefits team
17th March 2020
US specialty insurance broker Alliant has announced the appointment of Sean White to its employee benefits team. As first vice president, White will provide a range of strategic benefits solutions to Alliant’s client base throughout the Northwest. Prior to joining Alliant, White was principal with a national insurance and employee benefits consulting ... Read the full article
Gallagher acquires P&C broker McConnell, Manit & Trout
17th March 2020
International insurance brokerage firm, Arthur J. Gallagher & Co has acquired full-service property and casualty broker McConnell, Manit & Trout. MMT focuses on servicing building materials, energy, waste, construction and transportation industries and has clients across the US. Rick McConnell, Mike Manit, Doug Trout and their associates are expected to continue operating ... Read the full article
WTW appoints Finbow global head of FINEX Financial Institutions
17th March 2020
Global re/insurance broker Willis Towers Watson has appointed Susan Finbow as global head of FINEX (Financial, Executive and Professional Risks) Financial Institutions. Finbow most recently served at Marsh Canada, where she spent nearly 24 years in total and held the role of Financial Institutions Industry Practice Leader for the last 13 ... Read the full article
Arthur J. Gallagher adds Christopher Miskel to Board
16th March 2020
International insurance brokerage firm, Arthur J. Gallagher & Co. has announced the appointment of Christopher Miskel to its Board of Directors. Miskel currently serves as President and Chief Executive Officer of Versiti, Inc., a nonprofit holding company for affiliated blood centers across the upper Midwest of the US. Previously, he served in ... Read the full article
EC3 Brokers sets up international financial & professional lines division
16th March 2020
EC3 Brokers, the Lloyd's of London headquartered commercial lines broker, has announced the establishment of its international financial and professional lines division with the appointment of David Purdy as divisional director. In this role, Purdy will be responsible for growing the business while servicing clients in both the wholesale and retail ... Read the full article
Latest mortality projections model to drive uptick in liabilities: Aon
16th March 2020
Insurance and reinsurance broker Aon expects to see a slight increase in liabilities from the use of the latest model from the Continuous Mortality Investigation (CMI) when compared with the 2018 version of the model. CMI_2019, the newly released March 2020 update of the CMI's projection model, incorporates deaths in the ... Read the full article
US commercial insurance prices accelerate 6% in Q4: WTW
13th March 2020
US commercial insurance prices accelerated during the fourth quarter of 2019, according to re/insurance broker Willis Towers Watson (WTW), as the aggregate price change reported by carriers exceeded 6%. The result continues a trend of acceleration that has been observed over recent quarters, the firm found as part of its Commercial ... Read the full article
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