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.
Beach targets A&H reinsurance market with acquisition of US broker
7th January 2020
Insurance and reinsurance brokerage, Beach & Associates has announced the acquisition of Atlanta-based Accident & Health (A&H) reinsurance broker, Risk and Insurance Consulting Services (RICS). The acquisition sees RICS, which was established in 1997, become part of Beach Re Ltd. and the entity will operate as its A&H division, under the ... Read the full article
WTW & eBaoTech to provide one-stop insurance middle office platform
7th January 2020
Global re/insurance broker Willis Towers Watson (WTW) has entered into a new partnership with digital insurance solution provider, eBaoTech, to offer a bundled solution designed to accelerate digitisation across the industry. This new collaboration sees WTW's Radar Live rating engine integrate with eBaoTech's middle office platform, InsureMO, which is specifically designed ... Read the full article
Martin Kelsh joins HWI as board director
7th January 2020
Independent global insurance brokerage HW International has announced the appointment of Martin Kelsh as board director and head of the international non-marine team of the firm's London operation, H.W. Wood Limited. Kelsh will also lead HWI’s expansion and hiring in the insurance market and brings over 37 years of industry experience ... Read the full article
Capsicum Re establishes aviation reinsurance team
6th January 2020
Specialist reinsurance brokerage Capsicum Re has announced the launch of a new aviation reinsurance team led by David Bell, who will be based in London. Bell joins with 36 years of aviation industry experience and began his career at C.T.Bowring before joining Aon in 1999. In 2016 he joined AIG as Global ... Read the full article
Aston Lark appoints new CEO & CFO in Ireland
6th January 2020
Insurance brokerage Aston Lark has announced the appointments of a new Chief Executive Officer (CEO) and Chief Financial Officer (CFO) in Ireland following the acquisitions of Wright Insurance Brokers and Robertson Low. Specifically, Robert Kennedy joins as CEO Ireland and Mark Nolan as CFO Ireland, effective March 2020, subject to regulatory ... Read the full article
BGC Insurance reveals name & brand of new global aerospace broker
6th January 2020
BGC Insurance Group, a division of global brokerage and financial technology firm BGC Partners Inc., has now announced the name and brand for its global aerospace insurance and reinsurance brokerage, Piiq Risk Partners. The inception of the company's specialist global aviation and aerospace re/insurance brokerage was announced in the summer of ... Read the full article
Gallagher takes stake in specialist Malaysian broker SP&G
6th January 2020
Re/insurance broker Gallagher has expanded its presence in Asia with the acquisition of a minority stake in specialist Malaysian broker SP&G Insurance Brokers. SP&G is a multi-discipline commercial insurance broker that specialises in coverages for the aviation market, as well as in solutions for property & casualty, marine, engineering, and other ... Read the full article
Jeff Saper promoted to CEO, Pacific at Guy Carpenter
6th January 2020
Reinsurance broker Guy Carpenter, part of Marsh & McLennan Companies, has named a new Chief Executive Officer (CEO) for the Pacific region, promoting Jeff Saper to the role. Saper is a long-time Guy Carpenter employee in the Australia and Pacific region, having joined the company in 1999 and working there for ... Read the full article
Willis Re notes some considerable price increases in a divergent renewal
2nd January 2020
Willis Re, the reinsurance arm of global insurance brokerage Willis Towers Watson, has noted a divergent and late January renewal season which saw some considerable price increases in certain lines of business. Overall, Willis Re states that reinsurers have been judicial during the January 1st renewal season, resulting in significant pricing ... Read the full article
Pana Harrison seals long-term partnership with Mitsui & Co
31st December 2019
General re/insurance brokerage Pana Harrison has entered into a long term partnership with Mitsui & Co, one of the largest global trading and investment companies. Following the transaction, Mitsui will be Pana Harrison’s largest institutional shareholder, while the company’s management will continue to manage and own a stake with The Huntington ... Read the full article
Alliant recruits energy & marine advisor from Marsh
27th December 2019
US specialty insurance broker Alliant Insurance Services has announced the appointment of Karey Vaught as Executive Vice President, Managing Director. Joining the company from Marsh, Vaught will provide insurance and risk advisory services to energy and marine clients across the US. “Karey brings with him an impressive track record and strong leadership ... Read the full article
Patrick Schepens to take over as CEO of the Benelux region, Guy Carpenter
24th December 2019
Global reinsurance broker Guy Carpenter has announced the appointment of Patrick Schepens as Chief Executive Officer (CEO) of the Benelux region, effective April 2020. In his new role, Schepens will be based in Brussels and will take responsibility for all of the company's activities in the Benelux region. At the same ... Read the full article
AJ Gallagher expands Atlantic Canada capabilities with acquisition
20th December 2019
Arthur J. Gallagher & Co. recently announced the acquisition of Sinclair Billard and Weld Limited, and CJM Solutions + Inc., dba SBW Employee Benefits. SBW Employee Benefits is a Halifax, Nova Scotia-based designer, administrator, marketer and manager of comprehensive group insurance programs, and defined contribution group retirement programs for businesses and ... Read the full article
McGill & Partners highlights “dramatic” early growth, names key hires
18th December 2019
Specialty risk solutions business McGill & Partners, founded this year by insurance broking veteran Steve McGill, has grown its employee headcount from five to 134 and is set to oversee $250 million of premium flow going into 2020. The build-out and growth of the business was financed through an initial ... Read the full article
Howden partnership strengthens position in Turkey, Middle East & Africa
18th December 2019
Howden, part of the Hyperion Insurance Group, has partnered with Abu Dhabi-based broker Guardian Insurance Brokers LLC to strengthen its position in the Turkey, Middle East and Africa (TMEA) region. Howden established its first presence in the UAE with an office in Dubai in 2008 and an office in Abu Dhabi ... Read the full article
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