Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broker market 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.
BGC Insurance adds JLT’s Bruce Fine to aviation re/insurance brokerage
3rd September 2019
BGC Insurance Group (BGCI), a division of broker and fintech firm BGC Partners, has announced the addition of Bruce Fine to its new global aviation and space re/insurance brokerage. Based in Atlanta and Chicago, Fine will serve as Managing Partner for US Aviation and Aerospace, as well as President of the ... Read the full article
Lloyd’s broker MNK Re launches Residual Value Insurance Centre of Excellence
2nd September 2019
Specialist Lloyd's of London brokerage, MNK Re Limited, has launched a new dedicated Residual Value Insurance (RVI) Centre of Excellence. MNK Re has a specialist focus on Financial Risks, Casualty, Terrorism, Cyber risks and Marine liabilities, with clients in more than 50 countries across the world. It's been announced that Robert Prince ... Read the full article
Gero Michel joins Aon’s Reinsurance Solutions unit to lead UK & EMEA Analytics
2nd September 2019
Gero Michel has joined Aon from Chaucer to lead the re/insurance broker's UK & EMEA Analytics for its Reinsurance Solutions division. In his new role he will report to Eric Paire, Head of Capital Advisory, International, Aon's Reinsurance Solutions business. He will be responsible for devising and driving analytics innovation and strategy ... Read the full article
Re/insurers’ silent cyber concerns ease in 2019, finds Willis Re survey
29th August 2019
The re/insurance sector is considerably less concerned about silent cyber exposures than it was in 2018, according to an annual global survey by Willis Re, the reinsurance division of broker Willis Towers Watson. Analysts believe that the fall in silent cyber claims expectations could stem from the absence of wide-scale cyber ... Read the full article
Cyber, IT security the “soft underbelly” of UK SMEs: Gallagher
29th August 2019
Analysis conducted by global insurance brokerage Gallagher has highlighted the vulnerability of Small and Medium Enterprises across the UK to what it describes as “crisis events”, a category that includes cyber-attacks, extortion, industrial espionage and terrorism. Gallagher says such events are costing UK SMEs billions of pounds a year and that ... Read the full article
Lockton appoints Teegarden as Senior VP, Client Exec
27th August 2019
Global re/insurance brokerage Lockton has announced the appointment of Andrew Teegarden as Senior Vice President, Client Executive. Teegarden brings over 16 years’ experience to the role and joins from Aon, where he served as a Senior Vice President responsible for risk management clients across multiple industries. Prior to Aon, he spent three ... Read the full article
CAC Specialty adds Colin Daly as EVP & Co-lead of Financial Lines
27th August 2019
CAC Specialty, a specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has appointed Colin Daly as Executive Vice President and Co-leader of the firm’s Financial Lines Practice (FLP). A founding member of JLT Specialty US, Daly was key in shaping its US business. He also formed and ... Read the full article
Aon forms Accident, Health & Life practice group for reinsurance business
27th August 2019
Re/insurance broker Aon has created a global Accident, Health & Life practice group in its Reinsurance Solutions business to help insurers take advantage of growth opportunities in the sector. The group will be chaired by Roger Smith, who was previously Head of Accident, Health & Life for EMEA in Aon’s Reinsurance ... Read the full article
CAC Specialty adds Jennifer Schaeffer as Senior VP
23rd August 2019
CAC Specialty, a specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has appointed Jennifer Schaeffer as its Senior Vice President. Schaeffer, who joins from Marsh JLT Specialty where she served as Senior Vice President, has been appointed to bolster the firm’s west coast business, accelerate growth ... Read the full article
EPIC Insurance Brokers adds RBS Re founders to reinsurance unit
22nd August 2019
EPIC Insurance Brokers and Consultants, a retail property and casualty (P&C) broker and employee benefits consultant, has announced the appointment of four ex-RBS Re employees to its growing reinsurance unit, EPIC Reinsurance (EPIC Re). Alex Soria, Tony Rodriguez, Randy Baker and Ken Knopp form a team of healthcare reinsurance specialists who ... Read the full article
Stonybrook advises on Florida Peninsula’s $30m senior debt raise
22nd August 2019
Investment banking and reinsurance brokerage Stonybrook Capital has announced its involvement as exclusive advisor to homeowners insurer Florida Peninsula on a senior debt facility of up to $30 million. The transaction is believed to have enabled Florida Peninsula to refinance its existing debt and bolster regulatory capital. "The debt market is an ... Read the full article
Marsh strengthens leadership of US, Canada Energy & Power Practice
22nd August 2019
Global re/insurance brokerage Marsh has appointed Amy Barnes and Brad Vescarelli to leadership positions within its US and Canada Energy and Power Practice. Barnes had previously worked to help to shape the newly formed Marsh-JLT Specialty Energy and Power team. She will now report to Pat Donnelly, Head of US and Canada ... Read the full article
UK motor claims inflation up 8.6% with more pressure to come: WTW
22nd August 2019
Motor claims payout inflation in the UK rose by 8.6% in 2018, with further pressure expected throughout 2019, according to the latest benchmarking analysis from broker Willis Towers Watson (WTW). Analysts found that the average cost per claim now comes in at £4,791, having increased for the fourth consecutive year Gross accidental ... Read the full article
SSL Endeavour bolsters leadership with two senior appointments
21st August 2019
SSL Endeavour, the specialist independent Lloyd’s broker and delegated authority expert, has announced the appointments, with immediate effect, of Jonathan Palmer-Brown and Hugh Crossland as group Non-Executive Chairman and group Chief Financial Officer respectively. Jonathan Palmer-Brown joins with over 50 years’ experience, having first entered the London market in 1968 with ... Read the full article
Guy Carpenter secures key reinsurance role in Cali Wildfire Fund
20th August 2019
Global reinsurance brokerage Guy Carpenter has been selected as the sole reinsurance intermediary for the recently-formed California Wildfire Fund, as the state looks to mitigate the risk after two heavy loss years. Together with the fund’s administrator, the California Earthquake Authority (CEA), Guy Carpenter will provide strategic reinsurance and advisory services ... Read the full article