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.
The Carlyle Group to acquire majority stake in brokerage Hilb
30th October 2019
Global investment giant The Carlyle Group has entered into a definitive agreement to acquire a majority interest of national insurance brokerage, The Hilb Group, LLC, from Boston-based private equity firm, Abry Partners. The transaction is expected to close in the final quarter of 2019 and once completed, Hilb's existing management team ... Read the full article
EU market access prompts Aon to move parent incorporation to Ireland
29th October 2019
As a result of Brexit and a subsequent desire to remain within the European Union (EU) single market, global insurance and reinsurance broker, Aon, has filed a preliminary proxy statement to move the jurisdiction of incorporation for the firm's parent company from the UK to Ireland. According to Aon, "Remaining within ... Read the full article
Guy Carpenter results boost Marsh & McLennan growth in Q3
29th October 2019
Marsh & McLennan Companies, Inc. (MMC), has reported 13% revenue growth and 5% underlying revenue growth in the third quarter of 2019, supported by a strong performance from its reinsurance broking subsidiary, Guy Carpenter. Consolidated revenue came to $4.0 billion in Q3, an increase of 13% compared with the same period ... Read the full article
Brown & Brown posts Q3 revenue growth
29th October 2019
Insurance brokerage Brown & Brown has reported $619.7 million in revenues for the third quarter, up 16.5% against the prior year quarter. The firm also revealed an increase of commissions and fees by 16.5%, while organic revenue was up by 3.4%. Meanwhile net income for the quarter stands at $115.6 million, a ... Read the full article
Louise Nevill joins Marsh JLT Specialty as CEO, UK Marine & Cargo
29th October 2019
Global re/insurance broker Marsh has announced the appointment of Louise Nevill as Chief Executive Officer (CEO) of Marsh JLT Specialty’s UK Marine & Cargo business. Nevill is due to join the firm early next year, arriving from Gard (UK) Ltd, where she has led the marine underwriting team as Vice President. She ... Read the full article
Aston Lark acquires Lloyd’s broker Protean Risk
28th October 2019
UK insurance broker Aston Lark has acquired specialist Lloyd’s brokerage Protean Risk, the firm’s first purchase since being acquired by the Merchant Banking division of Goldman Sachs in September. Protean Risk focuses on the investment industry, financial services, fintech and technology sectors and has clients ranging from start-ups to international organisations. Peter ... Read the full article
Arthur J. Gallagher takes minority stake in Indian broker Edelweiss
28th October 2019
Global insurance brokerage Arthur J. Gallagher & Co. has completed its purchase of a minority stake in Edelweiss Insurance Brokers Limited (EIBL), the broking unit of Indian financial services conglomerate Edelweiss Group. EIBL provides a range of both insurance and reinsurance solutions, and benefits from the distribution network of its parent ... Read the full article
Aon posts Q3 growth across reinsurance, commercial risk segments
25th October 2019
Global re/insurance broker Aon has reported a 5% organic growth within its Reinsurance Solutions segment for the third quarter, driven by double-digit growth in facultative placements and new business generation in treaty. The reinsurance segment generated $291 million in revenue, compared to $279 million in the prior year quarter. Aon has pegged ... Read the full article
A J Gallagher earnings stable in Q3, organic growth up 5.8%
25th October 2019
Global insurance brokerage Arthur J. Gallagher & Co. has released its financial results for the third quarter of 2019, reporting stable earnings when compared with the previous year, as well as organic revenue growth of 5.8%. Net earnings came to $137.1 million in Q3 2019, showing a minor decline from the ... Read the full article
Brokerslink adds Middle East regional manager
25th October 2019
Independent broker network Brokerslink has announced the appointment of Osama Abu Ghazaleh as Middle East regional manager, as the firm looks to increase its focus on the region. Both the Middle East and African regions were previously represented by Tiago Mora, until Brokerslink Chairman José Manuel Fonseca announced that the two ... Read the full article
Aon’s Reinsurance Solutions adds co-leaders of UK & Ireland and Specialty Casualty
24th October 2019
Aon's Reinsurance Solutions segment has announced the appointment of Dean Jenner and Richard Evans as co-leaders of its UK & Ireland and Specialty Casualty business. Both Jenner and Evans will report to Peter Stubbings, Reinsurance Solutions' Chief Executive Officer (CEO) of Global ReSpecialty, and will work with a leadership group of ... Read the full article
Willis Tower Watson accounting platform hits $20bn premium, powered by Ebix
24th October 2019
Willis Accounting, the carrier interface from Willis Towers Watson, has now seen over $20 billion of premium submitted in its four years since inception. The service is powered by the electronic platform EbixExchange from Ebix Europe, an international supplier of On-Demand software and E-commerce services to the re/insurance, financial, healthcare, and ... Read the full article
Insurtech investments already ahead of 2018 at $4.36bn: Willis Towers Watson
23rd October 2019
New funding commitments to the insurtech sector totalled $4.36 billion during the first three quarters of 2019, according to Willis Towers Watson. This figure is already 5% up on the total amount of investments in insurtech during the previous year. The broker recorded 239 total transactions across the year so far, 83 ... Read the full article
Lockton to provide Vizient members with P&C solutions
23rd October 2019
Re/insurance broker Lockton Companies has entered into an agreement with a subsidiary of Vizient, Inc., Vizient Insurance Services, LLC to offer property and casualty (P&C) insurance solutions and services for Vizient members. The contract became effective on July 1st, 2019 and under the terms of the agreement, Lockton now offers Vizient ... Read the full article
Market competition demands distinctive strategies: John Trace, Guy Carpenter
23rd October 2019
With competition and change still the defining factors in today’s market, re/insurers must carve out “distinctive strategies” to maximise their potential for success, according to John Trace, CEO, North America, at Guy Carpenter. Commenting of the broker’s annual review of property and casualty (P&C) results, Trace noted that new sources of ... Read the full article
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