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.
WTW adds JLT’s Danyluk as head of international property, London
12th November 2019
Re/insurance broker Willis Towers Watson has announced the appointment of Andrzej Danyluk as head of international property, London. Danyluk joins from JLT, where he most recently served as Head of the London power broking team. He will be responsible for growing the international property portfolio placed in the London insurance market on ... Read the full article
Alliant to “vigorously defend” against Aon lawsuit
12th November 2019
US specialty insurance broker Alliant Insurance Services says it will vigorously defend against Aon’s recently filed lawsuit for claims arising from the departure of employees at Aon’s construction services group. Aon alleges Alliant's latest poaching raid is part of a pattern of hiring brokers from rivals to grow its business. Alliant notes ... Read the full article
Global commercial insurance pricing up 8% in Q3: Marsh
11th November 2019
Marsh's Q3 global insurance market index shows that commercial insurance pricing increased for the eighth consecutive quarter. The index offers a proprietary measure of global commercial insurance premium pricing change at renewal. Average commercial insurance pricing increased 8% in the third quarter of 2019, the largest increase since the survey began in ... Read the full article
Aon appoints new President of Health Solutions
11th November 2019
Global insurance and reinsurance broker Aon has announced the appointment of Dave Guilmette as President of Health Solutions. Most recently, Guilmette served as President of Global Employer and Private Exchanges for global health service company Cigna Corporation. He spent nine with years with the company in a series of roles with ... Read the full article
Gallagher acquires automotive incentive firm BonusDrive
11th November 2019
Global insurance brokerage Arthur J. Gallagher & Co. has acquired BonusDrive from The EHE Group. BonusDrive promotes the purchase or leasing of vehicles of others by providing an award program whereby participants can purchase or lease new vehicles while receiving a cash rebate from the vehicle manufacturer. Consumers receive cash bonuses for ... Read the full article
Economic losses from Hagibis to exceed $10bn: Aon
8th November 2019
Economic losses caused by Typhoon Hagibis in Japan are likely to exceed US $10 billion, with insured losses minimally in the billions, according to the latest Global Catastrophe Recap report from re/insurance broker Aon. Aon estimates that more than 93,250 structures were damaged or destroyed by Hagibis, which made landfall along ... Read the full article
Aon’s John Turner named Chairman of Ed Bermuda
7th November 2019
Global reinsurance brokerage Ed has announced the appointment of John Turner as Chairman of Ed Bermuda, reporting to Chris Bonard, Chief Executive Officer (CEO) of Ed Bermuda. In this newly created position, Turner will provide hands-on support to realise the potential of the recently established operation. In June 2015, Ed received ... Read the full article
Willis Re NA appoints Head of Global Accounts, promotes May to President
7th November 2019
Willis Re, the reinsurance business of global re/insurance brokerage Willis Towers Watson, has appointed David Schoenrock as Executive Vice President and Head of Global Accounts for Willis Re North America. Effective December 23, Schoenrock will report to Doug May, who has concurrently been promoted to President of Willis Re North America. Schoenrock ... Read the full article
Peter Clune appointed Lockton CEO
7th November 2019
Re/insurance broker Lockton has promoted Peter Clune to the role of Chief Executive Officer and appointed Ron Lockton as Chairman, effective May 2020. Clune has served with Lockton for over a decade and was most recently US President and Chief Operating Officer. He succeeds Ron Lockton, who is the son of Jack ... Read the full article
Michael Sevi named as Global Counsel for Guy Carpenter
6th November 2019
Marsh & McLennan has announced the appointment of Michael Sevi as General Counsel and Chief Compliance Officer of its reinsurance broking subsidiary, Guy Carpenter. Sevi will succeed Michael Borik, who has served as General Counsel of Guy Carpenter for the past four years. Going forward, Borik will move into a joint business ... Read the full article
Jeff Irvan joins BMS as Chief Property Officer, US Reinsurance
4th November 2019
BMS Group (“BMS”), the independent specialist re/insurance broker, has announced the appointment of Jeff Irvan as Chief Property Officer, US Reinsurance. He joins BMS from Wills Re, where he most recently led the brokerage’s office in Atlanta, Georgia. Irvan has more than 20 years’ experience in property reinsurance broking, having first started ... Read the full article
Clear growth ahead as ILS capacity hits near-record levels: Willis Re Securities
4th November 2019
Alternative capital in all different forms is clearly growing again, according to Willis Re Securities, whose latest ILS Market Update shows capacity reaching a near-record high of $27.3 billion. Willis Re Securities, a division of re/insurance broker Willis Towers Watson (WTW), found that non-life insurance-linked securities (ILS) capacity issued and outstanding ... Read the full article
Brown & Brown recruits Arrowhead exec from Zurich
1st November 2019
Insurance brokerage Brown & Brown has announced the appointment of David Putz as Executive Vice President of Arrowhead General Insurance Agency. Putz will also take up a leadership position within Brown & Brown’s National Programs Division. He joins the company from Zurich Insurance North America, where he most recently served as head ... Read the full article
Willis Towers Watson announces three new cyber policies
31st October 2019
Global insurance and reinsurance broker, Willis Towers Watson (WTW) has launched a range of new cyber insurance policies for clients in the U.S., Canada, the UK, and Western Europe. WTW states that the three new policies offer innovative, bespoke solutions for large enterprises and mid-market clients, enabling them to fully assess, ... Read the full article
Risk Strategies acquires specialty brokerage Dash & Love
31st October 2019
Risk Strategies, a privately held US insurance broker and risk management firm, has acquired full-service specialty brokerage Dash & Love. Dash & Love is a retail insurance brokerage providing insurance placement and risk management advice to organisations and successful individuals and families across Pennsylvania and the tri-state area. In its commercial lines ... Read the full article
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