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 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
BMS names Chandler CEO of US reinsurance, restructures management
9th December 2019
Specialist insurance and reinsurance broker BMS Group has announced the appointment of Pete Chandler as President and Chief Executive Officer of BMS Re US, effective December 9th. Chandler joined BMS in May 2019 from JLT Re, taking up a role as President of US reinsurance operations. Now, in his expanded role, ... Read the full article
LIIBA reveals launch of new broker committee in 2020
9th December 2019
A new insurance and reinsurance brokerage committee is set to be launched next year by the London and International Insurance Brokers' Association (LIIBA), called the Broker Placing Committee (BPC). The BPC has been designed to replace the organisation's Broker Placing and Electronic Development Committee (BPED) and its PPL Broker Panel, which ... Read the full article
Political risk levels and losses on the rise, shows WTW survey
9th December 2019
Political risk levels increased in 2019 when compared with the previous year, while the number of companies that have experienced political risk losses has also increased, according to a survey of 41 major corporations by insurance and reinsurance broker, Willis Towers Watson (WTW). The results of the survey show that 61% ... Read the full article
Flooding & storms to drive multi-billion-dollar losses in Europe: Aon
6th December 2019
The flooding and inland storms that impacted parts of western and southern Europe in November are likely to drive multi-billion-dollar economic losses, according to re/insurance broker Aon. The economic impact in Italy alone is expected to near $2 billion, Aon said in its Global Catastrophe Recap report for the month, with ... Read the full article
Gallagher appoints Dave Partington as CEO of Canada operations
6th December 2019
Re/insurance broker Gallagher has announced the appointment of Dave Partington as Chief Executive Officer (CEO) of its Canadian retail property and casualty (P&C) brokerage operations. In this capacity, he will lead the strategy and culture for continued growth in the country. Partington joined Gallagher in 2012, initially leading the regional offices of ... Read the full article
Carlos Rivera named CEO of Marsh’s LatAm Fac division
6th December 2019
Carpenter Marsh Fac, Marsh and Guy Carpenter's Latin American facultative reinsurance intermediary, has announced the appointment of Carlos Rivera as Chief Executive Officer (CEO), based in Bogota, Colombia. In his new role, Rivera will report to Dean Klisura, President, Global Placement and Advisory Services, Marsh and Ricardo Brockmann, CEO of Marsh ... Read the full article
Guy Carpenter & Victor target enhanced US public entity offering
5th December 2019
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, has announced that Victor US, which is the US business of affiliate Victor, is to offer Guy Carpenter clients who are members of US public entity insurance pools with a range of property and casualty (P&C) solutions not traditionally offered ... Read the full article
Aston Lark set to acquire Wright Insurance Brokers in Ireland
5th December 2019
UK insurance brokerage Aston Lark has announced that it plans to acquire Wright Insurance Brokers, based in Ireland. Wright Insurance Brokers is a specialist in the commercial and transport sectors, with offices in Wexford and Carlow. The company was founded by insurance investors Tony and Breda Wright and employs over 150 across ... Read the full article
Arthur J. Gallagher acquires Blueleaf Consulting in Australia
5th December 2019
Arthur J. Gallagher & Co. has announced the acquisition of Blueleaf Consulting Pty Ltd., a financial advice practice based in North Sydney, New South Wales. Founded in 2006, Blueleaf Consulting offers wealth management, estate planning and business succession support to businesses and individuals across New South Wales. Following the takeover, Blueleaf Consulting’s ... Read the full article
BMS launches Private Equity, M&A and Tax Insurance unit
4th December 2019
Specialist insurance and reinsurance broker BMS Group has launched a Private Equity, Mergers & Acquisitions (M&A) and Tax Insurance unit, and has named Tan Pawar as Managing Director of the new team. Pawar is set to join the firm once he has completed contractual obligations, and, will report to Ian Gormley, ... Read the full article
Marsh names Anita Sathe global head of Bluestream platform
4th December 2019
Global re/insurance brokerage Marsh has appointed Anita Sathe global leader of its cloud-based digital broker platform Bluestream, as well as leader of its US Affinity business. Sathe is based in Portland, Oregon and will report to Kevin Tobin, president of Marsh’s Insurance Services Group. She brings over 15 years’ experience to the ... Read the full article
Gallagher adds pacific northwest marine team, book
3rd December 2019
Global insurance brokerage Arthur J. Gallagher & Co has completed a transaction to acquire Brown & Brown Washington's pacific northwest marine business team and associated marine book of business. Led by Graham Gardner, the brokerage team handles all lines of marine insurance for a number of maritime clients globally. Under the direction ... Read the full article
EPIC Insurance Brokers adds Scott Weiss to Risk Management Practice
3rd December 2019
EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has announced that Scott Weiss will join its Risk Management Practice as a Principal. Going forward, Weiss will be responsible for new business development and the design, placement and management of property and casualty insurance ... Read the full article
Hub International acquires California insurer HMBD
3rd December 2019
Global insurance brokerage Hub International has announced the acquisition of Hamman-Miller-Beauchamp-Deeble, a full service insurance agency providing multi-line insurance solutions. Located in California, HMBD focuses on industries such as construction, healthcare, and transportation. The acquisition is expected to support Hub’s specialty practices by complementing and strengthening its existing capabilities. "I am pleased to ... Read the full article
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