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.
Hub International acquires Canadian employee benefits firm, Benefex
6th February 2020
Global insurance brokerage, Hub International, has announced the acquisition of Alberta, Canada-based employee benefits and retirement consulting firm, Benefex Consulting Inc. Benefex has a specialised focus on group insurance programs, retirement, wellness solutions, and special risk coverage that addresses the unique requirement of clients. Currently, Benefex serves clients in British Columbia, Alberta, ... Read the full article
CAC Specialty adds two SVPs to M&A Specialty team
5th February 2020
CAC Specialty, the specialty insurance brokerage and investment banking platform, has expanded its M&A Solutions team with the additions of Ned Murphy and Dan Lehmann. Both Murphy and Lehmann join as Senior Vice Presidents (SVPs) with a focus on business development and client service. In their roles, the pair will work closely ... Read the full article
Marsh & JLT fully integrate Indonesian operations
5th February 2020
Another next step in the continued integration of JLT and Marsh has now completed, with PT Jardine Lloyd Thompson Indonesia now fully merged into PT Marsh Indonesia, effective February 3rd, 2020. The integration expands Marsh in the region by combining the strength and expertise of the two firms into one brokerage. ... Read the full article
AFL Insurance Brokers names head of Professional Indemnity
3rd February 2020
Independent Lloyd’s broker AFL Insurance Brokers Ltd has announced the appointment of Kevin White as head of its Professional Indemnity division. He arrives from Ed., where he served as Director of Professional Risks and was responsible for handling all insurance requirements for large offshore law firms and trust companies. White began his ... Read the full article
Marsh & McLennan Agency acquires LA broker Momentous
3rd February 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Momentous Insurance Brokerage, an independent insurance agency based in Los Angeles, California. Founded in 2008, Momentous is a risk management and employee benefits firm specialising in high net worth private client ... Read the full article
Willis Towers Watson’s Angel Hoover appointed Head of Benelux
3rd February 2020
Global insurance and reinsurance broker Willis Towers Watson has named Angel Hoover as Head of Benelux, and Joris Wonders as Head of Talent and Rewards for Western Europe. Based in Amstelveen in the Netherlands, Hoover takes responsibility for implementing the firm's strategic vision and driving client satisfaction across the region. Her ... Read the full article
Gallagher partners with FloodFlash on parametric policy
3rd February 2020
Re/insurance broker Gallagher has announced a new partnership with insurtech start-up FloodFlash, which will enable it to provide a parametric flood insurance policy to its UK clients. The parametric policy means claims will be settled based on a pre-defined trigger point, rather than through the traditional assessment of the cost of ... Read the full article
Aon hires Emma Carpenter as global super yacht leader
3rd February 2020
Re/insurance brokerage Aon has announced the appointment of Emma Carpenter as global super yacht leader. Taking up her position in London in early March, Carpenter will drive the development of Aon’s super yacht insurance broking business globally. She joins the company from Willis Towers Watson, where she has served as a super ... Read the full article
Ed hires Kellie Christian as Professional & Executive Risk broker in Jersey
3rd February 2020
Ed Group, the global reinsurance, wholesale and specialty lines broker, has announced the hiring of Kellie Christian in Jersey, who joins the firm as a Divisional Director in its Professional & Executive Risk team. Christian will will be based in Jersey for Ed and report directly to Nick Bachmann, Divisional Director, ... Read the full article
Global Risk Partners gets majority investment from Searchlight Capital Partners
3rd February 2020
Private equity and opportunity investor Searchlight Capital Partners has taken a majority stake in independent insurance intermediary Global Risk Partners. The founding partners of Global Risk Partners (GRP), Peter Cullum CBE and David Margrett, as well as founding investor Penta Capital are set to retain minority stakes in the firm. Ares Management ... Read the full article
AmWINS appoints Matthew Crane as CEO of THB Group
3rd February 2020
Specialty insurer AmWINS has announced the appointment of Matthew Crane as Chief Executive Officer (CEO) of THB Group, its specialist international re/insurance broking and risk management firm. Crane, who will also take up the role of President of the International division of AmWINS, succeeds outgoing CEO Frank Murphy. Murphy has served as ... Read the full article
BMS hires senior financial lines broker Kennell-Webb in Australia
3rd February 2020
BMS has continued to expand its footprint in the Australian insurance and reinsurance market, announcing the addition of senior financial lines broker Kirsty Kennell-Webb. Specialist insurance and reinsurance broker BMS said that Kennell-Webb will be based in its Sydney office once here current contractual obligations are fulfilled. Kennell-Webb has more than 12 ... Read the full article
AJ Gallagher reports 5.6% organic revenue growth for 2019
31st January 2020
International insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co. (AJ Gallagher), has announced total revenue growth of 17% for the fourth-quarter of 2019, of which 5.8% was organic. For the full-year, the firm's total revenue growth hit 14%, of which 5.6% was organic, leading Chairman, President, ... Read the full article
Aon records 17% organic reinsurance revenue growth in Q4
31st January 2020
Re/insurance brokerage Aon has reported organic revenue growth of 17% for its Reinsurance Solutions segment during the fourth quarter of 2019, driven by double-digit growth cross every major business. Aon said the performance of the segment was highlighted by continued new business generation globally, as well as strong growth in catastrophe ... Read the full article
Guy Carpenter helps Marsh & McLennan to overall revenue growth in Q4
30th January 2020
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, Inc., has recorded revenue growth of 10% and 5%, on an underlying basis, for the fourth-quarter and full-year 2019, respectively. The reinsurance broker's revenue in the quarter increased to $152 million from the $102 million reported a year earlier. For ... Read the full article
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