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.
Rate increases persist but slow in robust US homeowners market: Aon
22nd October 2019
The US homeowners sector remains robust in spite of the devastating and costly impacts of 2017 and 2018 catastrophe events, with further premium growth expected in 2019, according to re/insurance broker Aon's annual Homeowners ROE Outlook report. The report finds that US homeowners direct written premiums increased to USD 98 billion ... Read the full article
Michael Moran appointed EVP of Aon United
22nd October 2019
Global re/insurance broker Aon has appointed Michael Moran to lead the scaling of best practices across the firm as executive vice president of Delivering Aon United. Delivering Aon United was outlined recently as part of a growth strategy aimed at leveraging best practices to increase collaboration across lines, improve sales, ... Read the full article
Marsh & McLennan Agency promotes Paul Hering to Vice Chairman
22nd October 2019
Global re/insurance broker Marsh's middle market agency, Marsh & McLennan Agency LLC (MMA), has appointed Paul Hering to the newly created position of Vice Chairman. In his new role, Hering takes responsibility for helping to lead the firm's key growth strategies, which includes talent development, acquisitions, and carrier relations. He will ... Read the full article
Eight deals see £25bn of pension liabilities transferred in 2019: Aon
22nd October 2019
The eight largest bulk annuity transactions this year represents over £25 billion of pension scheme risk transferred to the insurance market and sets 2019 up to become another record-breaking year for risk settlement, according to analysis by re/insurance broker Aon. These transactions alone exceeds the previous annual record for total bulk ... Read the full article
TRIPRA uncertainty may impact re/insurance availability: Metropoulos, Guy Carpenter
21st October 2019
Uncertainty regarding the future of the US Terrorism Risk Insurance Protection and Reauthorization Act (TRIPRA) may impact the “nature and availability" of re/insurance coverage, according to Emil Metropoulos, Terrorism Center of Excellence Practice Leader at Guy Carpenter. Metropoulos does not foresee major resistance to a reauthorisation of TRIPRA, which is currently ... Read the full article
Aon’s Regional Insurer Group launches in the U.S.
21st October 2019
Global insurance and reinsurance broker Aon is aligning its teams to better serve regional insurers and has announced the launch of its Regional Insurer Group, which currently provides services to regional insurers in the U.S. The global brokerage explains that its Regional Insurer Group is an Aon-wide group designed to increase ... Read the full article
Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden
21st October 2019
At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article
Swiss Re Corporate Solutions & Brokerslink partner on business platform
18th October 2019
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has agreed to develop a dedicated international insurance program management platform for the Brokerslink network. Brokerslink combines a global broking company with a worldwide network of independent brokers and risk consultanceis, comprising around 18,000 individuals. The new business ... Read the full article
Guy Carpenter appoints Samengo-Turner as Global Facultative Leader
17th October 2019
Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has announced the appointment of Dominic Samengo-Turner as Global Facultative Leader, while Simon Delchar takes over as Head of Marsh JLT Specialty, Asia. Samengo-Turner will relocate to London and will report to John Trace, Chief Executive Officer (CEO), North America, ... Read the full article
TRIPRA expiration could cause “domino effect” of price rises: Marsh CEO
17th October 2019
John Doyle, President and CEO at Marsh, has warned that a failure to renew the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) could cause a “domino effect” of price increases across multiple re/insurance lines. Doyle recently testified before the United States House Committee on Financial Services to advocate for a timely ... Read the full article
Rate divergence continues for upstream & downstream energy: Marsh JLT Specialty
17th October 2019
A new report from Marsh JLT Specialty has highlighted the ongoing divergence in rates between upstream and downstream energy markets, as the upstream market continues to struggle to achieve meaningful increases. In contrast, downstream energy rates are gaining more traction, driven by withdrawals and cutbacks in capacity. Other specialty lines – including ... Read the full article
Quarter of UK pension schemes unprepared for cyber attack: Aon
16th October 2019
Almost a quarter of trustees of UK pension schemes have still had no training on the risk of cyber crime, according to a new survey by re/insurance brokerage Aon. While 95% of respondents to Aon’s Global Pension Risk Survey 2019 said their schemes had not been affected by cybercrime, a handful ... Read the full article
EPIC Insurance Brokers welcomes Prime Risk to platform
16th October 2019
EPIC Insurance Brokers and Consultants, a retail property and casualty broker and employee benefits consultant, is set to welcome Prime Risk Partners to its national insurance platform. Prime Risk is headquartered in Atlanta and manages a range of risks across the US. The firm will initially operate as Prime Risk Partners – ... Read the full article
Alliant strengthens Southwest operations with VP hire
16th October 2019
US specialty insurance brokerage firm Alliant Insurance Services has bolstered its operations in the Southwest region with the appointment of Geoff Godsey as Vice President. Based in Dallas, TX, Godsey joins Alliant from a large regional insurance brokerage firm, where he served as a Commercial Producer. He is an experienced commercial insurance ... Read the full article
Price Forbes sets up US healthcare practice, names heads
15th October 2019
Independent Lloyd's of London insurance broker Price Forbes has launched a US Healthcare practice, to be led by Paul Voller and David Fairbank. Based out of London, the practice will arrange insurance, captive reinsurance and treaty protection for Price Forbes clients, complimented by placements for cyber protection. Voller most recently served as ... Read the full article
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