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.
Ed bolsters Asia Pacific leadership with appointment of David Lim
5th August 2019
Re/insurance brokerage Ed has announced the appointment of David Lim as Chief Executive Officer of Retail for Singapore and Head of Marine for Asia Pacific. Effective immediately, Lim will be based in Singapore and report to the CEO of Asia Pacific, Stephen Britten. He joins from Brit Global Specialty Singapore with over ... Read the full article
BGC Insurance adds a further Marsh exec to aviation & space brokerage
5th August 2019
BGC Insurance Group (BGCI), a division of BGC Partners Inc., has announced the appointment of Oyin Heath to its newly formed global aviation and space re/insurance brokerage. Heath joins BGCI from Marsh JLT Specialty, where she was a Managing Director and Leader of the Aerospace and Manufacturer Segments of the Aviation ... Read the full article
Hub International acquires Insurance Center of New England
5th August 2019
Global insurance broker Hub International Limited has acquired Massachusetts-based independent insurance brokerage, Insurance Center of New England, Inc. (ICNE). Terms of the transaction were not disclosed, but it has been announced that President and Chief Executive Officer (CEO) of ICNE, Bill Trudeau will join Hub New England, reporting to Timm Marini, ... Read the full article
U.S. Risk announces purchase of U.S. E&O Brokers
2nd August 2019
U.S. Risk, a Property & Casualty wholesaler and Managing General Agent, has announced the acquisition of U.S. E&O Brokers, a wholesale broker and MGA focused on professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, but has additional locations in Connecticut, Colorado and New Mexico. The newly-acquired team ... Read the full article
Risk Strategies acquires Reiff & Associates
2nd August 2019
U.S. domiciled insurance broker and risk management firm, Risk Strategies, has acquired full service brokerage Reiff & Associates, for an undisclosed fee. Based in New York City, Reiff & Associates has a focus on risk and insurance for firms in the entertainment sector, offering bespoke solutions for theater, television, film and ... Read the full article
Aon partners with UVARA to address infrastructure management risks
2nd August 2019
Re/insurance broker Aon has entered into a strategic alliance with UVARA (formerly BetterGIS), an end-to-end asset mapping and management solution, to help architecture, engineering and construction (AEC) industries across the globe better manage risks. Founded in 2015 by a team of engineers and utility infrastructure professionals, UVARA looks to address the ... Read the full article
Willis Towers Watson closes $1.3bn TRANZACT acquisition
2nd August 2019
Global re/insurance brokerage Willis Towers Watson (WTW) has announced the completion of its acquisition of TRANZACT, a direct-to-consumer health care organisation. First announced back in April 2019, the deal had originally been valued at $1.2 billion. However, WTW revealed in its second quarter results report that it had amended the earn-out ... Read the full article
SSL Endeavour sets up new subsidiary for Cyprus & Greece
1st August 2019
SSL Endeavour Limited, the specialist independent Lloyd’s broker and delegated authority expert, has announced that a new subsidiary for Cyprus & Greece is now under establishment pending regulatory approval. The new unit, called SSL Endeavour Cyprus & Greece, will be headed up by a team including Non-Executive Chairman George Tsavliris, with ... Read the full article
Willis Towers Watson reports 6% organic growth, jump in net income in Q2
31st July 2019
Re/insurance brokerage Willis Towers Watson (WTW) has recorded total revenue growth of 3% to more than $2 billion in the second-quarter of 2019, with net income up 138% year-on-year to $138 million. Revenue increased across all business segments for the insurance and reinsurance broker in Q2 2019 when compared with the ... Read the full article
Jacinta Karita named Group Chairperson of Africa’s Pacific Insurance & FirstRe
31st July 2019
The Board of Directors of Pacific Insurance Brokers (EA) Limited and First Reinsurance Brokers Africa Limited (FirstRe), have announced the appointment of experienced insurance and reinsurance professional, Jacinta Karita, as the new Group Chairperson, effective July 23rd, 2019. She brings more than 33 years' experience in the insurance and reinsurance sector, ... Read the full article
A J Gallagher acquires broker Gillis, Ellis & Baker
30th July 2019
Commercial retail property/casualty broker, Gillis, Ellis & Baker, Inc. has been acquired by global insurance brokerage, Arthur J. Gallagher & Co (A J Gallagher). The New Orleans-based Gillis, Ellis & Baker also offers personal lines and employee benefit services across the Southeastern U.S. Following the acquisition, R. Parke Ellis, W. Anderson Baker ... Read the full article
Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2
30th July 2019
Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article
Willis Towers Watson appoints Peter Foster to lead global cyber team
29th July 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced that Peter Foster has been appointed Chairman of Global FINEX Cyber and Cyber Risk Solutions. He has been with the broker for more than 14 years and WTW says that he has been instrumental in the development of its global ... Read the full article
Marsh appoints Ian Drillot as Head of Guernsey Captive Operations
29th July 2019
Global re/insurance broker Marsh has announced the appointment of Ian Drillot as Head of Office, Marsh Captive Solutions, Guernsey. Drillot was previously Head of JLT’s Guernsey captive office, before which he was an accountant with Deloitte. As Head of Office, Drillot will oversee the continued development and expansion of Marsh’s Captive Solutions’ ... Read the full article
A J Gallagher reports solid revenue growth in 2019
26th July 2019
Arthur J. Gallagher & Co. has reported its results for the second-quarter of 2019, posting solid revenue growth and improved net earnings in its brokerage segment. Revenues increased from $1 billion in Q2 2018 to $1.13 billion in Q2 2019, while organic revenues also increased year-on-year, to $1.01 billion. The firm's ... Read the full article