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.
CAC Specialty hires André Eichenholtz to lead Portfolio Solutions group
1st October 2019
CAC Specialty, the specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has announced the appointment of André S. Eichenholtz as leader of its Portfolio Solutions group. Eichenholtz joins CAC Specialty from JLT Specialty, where he formerly worked as Head of M&A Diligence. He brings more than 30 years’ ... Read the full article
HW Kaufman acquires cyber MGA Node International
30th September 2019
HW Kaufman Group, the parent company of wholesale brokerage and managing general underwriter Burns & Wilcox has acquired Node international, a managing general agent focused on cyber-risk and technology-related insurance solutions. The deal marks the group’s 20th acquisition in nine years and has been described by Chairman, President and Chief Executive ... Read the full article
Aon & NAMIC report underlines financial strength of mutual insurers
30th September 2019
A new report by re/insurance broker Aon and the National Association of Mutual Insurance Companies (NAMIC) has underlined the overall strength and stability of mutual companies. The report included a comparison of nearly 30 performance metrics across mutual, stock, and other categories. Aon and NAMIC reported that mutual insurers were slightly less ... Read the full article
More industry change in next three years than previous 30, says Hearn
27th September 2019
Chief Executive Officer for BGC Insurance Group, Steve Hearn, is anticipating more change to take place across the re/insurance industry in the next three years than in the previous 30. Speaking recently with Reinsurance News, Hearn added that after 330 years in existence, the industry is undergoing massive, technology-driven changes to ... Read the full article
Miller adds duo to UK & International professional risk business
27th September 2019
Global re/insurance broker Miller has announced the appointments of Dominic Leckie and Gareth Jones to its UK & International Wholesale Professional Risks team. Both will assume broking roles, with a focus on professional indemnity (PI) insurance for Miller’s UK and International wholesale/intermediary clients. Specifically, Leckie will be responsible for growing Miller’s Australia ... Read the full article
WTW appoints Joe Peiser to lead global broking strategy
27th September 2019
Global re/insurance broker Willis Towers Watson has appointed Joe Peiser to the role of global head of broking within its corporate risk and broking segment. Reporting to WTW’s global head of corporate risk and broking, Adam Garrard, Peiser will lead the firm’s global broking strategy. He will also be tasked with pushing ... Read the full article
Risk Strategies acquires safety management firm Pro Safety Services
26th September 2019
US insurance brokerage and risk management firm Risk Strategies has announced that it plans to acquire Pro Safety Services, LLC, a provider of safety and loss control services to construction companies, builders, and other industries. Founded in 1999 by its current president John McCarthy, Pro Safety Services offers a range of ... Read the full article
Aon introduces AI-powered claims analysis platform
25th September 2019
Global re/insurance broker Aon has announced the launch of ClaimsMonitor.X, an artificial intelligence-driven platform that can quickly analyse claims notes and provide insights into an insurer’s efficiency and profitability. The platform, available to insurers in the US and Canada, has been developed in collaboration with CLARA analytics, a provider of AI ... Read the full article
Marsh trials blockchain-powered placement platform
25th September 2019
Global re/insurance brokerage Marsh has announced plans to pilot a new digital placement platform powered by blockchain technology, called Risk Exchange. The Risk Exchange concept was proposed by a winning Marsh hackathon team and further developed in Marsh Digital Labs. The broker believes the platform has the potential to transform the insurance ... Read the full article
Price Forbes acquires stake in HK broker Sino
25th September 2019
Independent Lloyd's of London insurance broker Price Forbes has purchased a minority stake in Hong Kong-based Sino Insurance and Reinsurance. Since its founding in 2006, Sino has focused on providing risk management and insurance solutions for Chinese multinational companies’ overseas investments and infrastructure construction, engineering, project management, and various aspects of ... Read the full article
Oligopoly of big three reinsurance brokers to largely persist: KBW
23rd September 2019
The big three broking houses in reinsurance, Aon, Guy Carpenter and Willis Re, continue to hold a significant advantage over smaller players, which leads analysts at Keefe, Bruyette & Woods (KBW) to say that their oligopoly is safe for now. Reinsurance brokers continue to earn a higher margin and return from ... Read the full article
Business leaders not prioritising cyber risk management, reports Marsh
23rd September 2019
Business leaders are not spending adequate time addressing cyber risk management, according to a new report by re/insurance broker Marsh, even as cyber risk increasingly ranks among the top concerns for most organisations. Marsh found that a majority of board members and senior executives responsible for their company’s cyber risk management ... Read the full article
Acrisure partners with Tulco on AI-powered brokerage platform
20th September 2019
US insurance broker Acrisure has partnered with investment company Tulco Holdings to launch Altway Insurance, a direct-to-consumer brokerage platform that is fully supported by artificial intelligence (AI). Altway also plans to work closely with Google Cloud AI to support the automation of client-facing operations, marketing, sales and product-distribution channels. This integrated AI ... Read the full article
Risk Strategies adds Brad Gabbard as SVP of healthcare practice
20th September 2019
US insurance brokerage Risk Strategies has appointed Brad Gabbard as Senior Vice President of its national healthcare practice. Gabbard most recently served as an executive vice president and health care practice leader Willis Towers Watson. Before that, he spent nine years at Aon Risk Services. “Risk Strategies’ health care practice is committed to ... Read the full article
Storm Imelda losses will reach into hundreds of millions: Aon
20th September 2019
Tropical Storm Imelda, which caused devastating flooding after making landfall in Texas earlier this week, is expected to cause hundreds of millions of dollars of total economic losses, if not more, according to re/insurance broker Aon. Imelda brought wind speeds of 40 mph and more than 40 inches of rain to ... Read the full article
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