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.
Beazley to serve as carrier partner on new SterlingRisk A&E program
17th December 2019
Specialist insurer Beazley has announced that it will serve as carrier partner for the new Architects and Engineers (A&E) professional liability insurance program from US broker SterlingRisk. The new program comes after SterlingRisk acquired renewal rights from Affinity Insurance Services for accounts in the Aon A&E Advantage professional lability insurance program. “The ... Read the full article
Alliant acquires Texan energy broker TCOR Management
17th December 2019
US specialty insurance broker Alliant Insurance Services has announced the acquisition of TCOR Management, a Texas-based risk management firm. Founded in 1972, TCOR provides commercial insurance to the energy and construction industries as well as surety, loss control services, and employee benefits. The company has offices in New Braunfels, Beeville, and Tyler, ... Read the full article
Peter Townsend appointed to develop Miller’s NA Marine business
17th December 2019
Insurance and reinsurance broker Miller has announced that Peter Townsend will be joining its Marine team in January 2020 to support new business development in North America. Townsend, who is the founder of Ensign Consultancy Ltd., brings extensive marine industry experience to the role, having served as Chairman of the London ... Read the full article
Aon targets private equity investors in NAIC partnership
17th December 2019
Global re/insurance brokerage Aon has partnered with The National Association of Investment Companies, the largest network of diverse-owned private equity firms and hedge funds. The move will give Aon an opportunity to offer its services to NAIC member companies, which are expected to increasingly pursue innovative and complex transactions as the ... Read the full article
Marsh appoints Walsh head of corporate division office, Leeds
17th December 2019
Global re/insurance brokerage Marsh has appointed John Walsh as head of office, corporate division in Leeds. Walsh, who has been with Marsh for over six years, reports to Allan McPherson, regional managing director for North of England & Scotland, Corporate Division. In his new role as head of office in Leeds, Walsh ... Read the full article
Alex Orloff named Director of Capital Markets Analytics, BMS Capital Advisory
16th December 2019
Insurance and reinsurance brokerage BMS Group has named Alex Orloff as Director of Capital Markets Analytics at BMS Capital Advisory, the firm's investment banking unit. In this role, Orloff will report to Romulo Braga, Chief Executive Officer (CEO) of BMS Capital Advisory, effective immediately. He will be tasked with leading the development ... Read the full article
Marsh adds four to aerospace team in London
13th December 2019
Global re/insurance brokerage Marsh has added Oliver Boreham, Robin Milan, Victoria Mayes, and Kevin Eley to its aerospace team in London. Boreham and Milan, who both join as aerospace brokers from K.M. Dastur and Willis Towers Watson respectively, are expected to start in the first quarter of 2020 and will report ... Read the full article
Aon London’s Scott Taylor to lead Miller’s International FI & D&O unit
13th December 2019
Broker Miller has announced the appointment of Scott Taylor from Aon London to lead the firm's International Wholesale Financial Institutions and Directors & Officers' (FIDO) division. In his new role, Taylor will be responsible for managing and developing the broker's existing international FI and D&O offering and product. He has a ... Read the full article
Risk Strategies acquires Gowie Holdings’ insurance subsidiaries
12th December 2019
US insurance broker and risk management firm Risk Strategies has acquired two subsidiaries of Gowrie Holdings in a move aimed at bolstering the capabilities of the firm’s national private client practice. The acquisitions include both Gowrie Group, a full-service national specialty retail insurance brokerage, as well as Maritime Program Group, a ... Read the full article
US commercial insurance prices accelerate in Q3: Willis Towers Watson
11th December 2019
Data from Willis Towers Watson's (WTW) latest Commercial Lines Insurance Pricing Survey shows that the majority of business lines indicated significant price increases in the third-quarter of 2019. Overall, U.S. commercial insurance prices accelerated in the quarter, with carriers reporting an aggregate price change of more than 4%. Insurance and reinsurance broker ... Read the full article
Brown & Brown eyes Canadian broker market with Special Risk acquisition
11th December 2019
Insurance brokerage firm Brown & Brown, Inc. has announced an agreement to acquire the assets of Canada domiciled MGA, Special Risk. Brown & Brown says that the acquisition of Special Risk is an important step towards its establishment of a presence in the Canadian insurance brokerage sector. Following the completion of the ... Read the full article
Offshore wind renewable energy specialist Green joins Miller
11th December 2019
Specialist insurance and reinsurance broker, Miller Insurance Services LLP, has announced that facultative reinsurance broker and producer, Andrew Green has re-joined the firm. An offshore wind renewable energy specialist, Green will produce and place facultative reinsurance for the construction and operation of offshore wind farms, with an initial focus on Europe, ... Read the full article
WTW launches IFRS 17 software solution
10th December 2019
Global re/insurance broker Willis Towers Watson has launched an out-of-the-box software solution designed to help P&C insurers more easily implement IFRS 17. ResQ Financial Reporter is a calculation and data management solution designed to provide an efficient framework in order to generate the financial statements and supporting disclosure requirements of IFRS ... Read the full article
Fitch sees strong revenue expansion for US insurance brokers in 2020
9th December 2019
Favourable U.S. commercial lines pricing trends coupled with high levels of organic growth is expected to contribute to strong revenue expansion for publicly traded U.S. insurance brokers in 2020, according to Fitch Ratings. Fitch notes that current market conditions suggest a continuation of favourable margins for U.S. insurance brokers in 2020. ... Read the full article
Gallagher adds Drowley to aerospace practice as head of policy wordings
9th December 2019
Re/insurance broker Gallagher has added Neil Drowley to its global aerospace practice as head of policy wordings. Drowley, whose appointment is effective immediately, will be based in London while overseeing Gallagher’s specialist wordings team, managing all phases of contract administration and wordings review. He brings over 25 years’ experience and most recently ... Read the full article