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.
Willis Research Network partnership to focus on natural air traffic hazards
19th September 2019
Willis Research Network (WRN), the research arm of Willis Towers Watson, has partnered with Mitiga Solutions to help aviation and aerospace clients optimise air traffic management. The partnership aims to help airlines, airports and associated organisation in both the public and private sectors to predict and mitigate the impact of natural ... Read the full article
Marsh launches analytics platform to improve claims outcomes
18th September 2019
Global re/insurance brokerage Marsh has announced the launch of Blue Claims, a new analytics platform designed to help clients achieve better claims outcomes. The platform will initially focus on US workers’ compensation risks, which are estimated to cost employers nearly $100 billion annually. Working with Marsh’s claims specialists, clients will be able ... Read the full article
Arch, Marsh collaborate on insurance solution for digital assets
18th September 2019
Arch Insurance UK, a division of Arch Insurance International, has partnered with global re/insurance brokerage Marsh on a new solution designed to protect digital asset private keys held in traditional vault facilities. A private key, in this context, is essentially a string of numbers and letters that leads to a digital ... Read the full article
Alliant hires John Riley as VP within Northeast P&C team
18th September 2019
US specialty insurance brokerage firm Alliant Insurance Services has announced the appointment of John Riley as Vice President (VP) within its White Plains, NY office. As part of Alliant’s Northeast P&C team, he will service a portfolio of clients with operations in the Northeast and across the globe. Prior to joining the ... Read the full article
Saudi oil attacks a concern for political risk insurers, says Gallagher’s Morgan
18th September 2019
The attacks launched against major Saudi Arabian oil facilities on Saturday will have a significant impact on the appetite and pricing of re/insurers with political risk (PRI) and political violence (PV) business, according to Rupert Morgan, Executive Director of Credit and Political Risks at Gallagher. The drone and cruise missile attack ... Read the full article
Gallagher adds Steve Wilkinson to aerospace practice as Head of Claims
18th September 2019
Re/insurance broker Gallagher has announced the appointment of Steve Wilkinson as Head of Claims within its global aerospace practice, effective immediately. Wilkinson is an industry veteran with more than 40 years’ experience, and has handled many high-profile, complex aviation claims during his career. Most recently, he held the position of Managing Director ... Read the full article
BMS reorganises US reinsurance actuarial, analytics team
17th September 2019
Specialist insurance and reinsurance broker, BMS Group, has revealed some management changes within its US reinsurance actuarial and analytics team. The independent specialist re/insurance brokerage has announced that as part of the reorganisation, Chief Actuary, Dave Spiegler is to retire at the end of 2019 after a long career. Following his ... Read the full article
Gen Re’s Paul Houska joins Holborn as SVP, Kansas City branch
17th September 2019
U.S. domiciled reinsurance broker, Holborn Corporation has announced the addition of Paul Houska as a Senior Vice President (SVP) in its Kansas City office, effective immediately. Houska brings more than 30 years of reinsurance industry experience to the role, and will take on responsibility for the enhancement of the reinsurance broker's ... Read the full article
A slow return to a more normal ILS environment: Willis Re Securities
17th September 2019
Data and analysis from Willis Re Securities, a division of re/insurance broker Willis Towers Watson (WTW), reveals that non-life insurance-linked securities (ILS) issuance fell in the second-quarter of 2019. At just under $1.7 billion, non-life ILS capacity issued in the quarter came from 11 catastrophe bond transactions, and fell from the ... Read the full article
JLT staff exits are “not a crisis,” says MMC’s Dan Glaser
17th September 2019
The series of staff defections at Jardine Lloyd Thompson (JLT) following its acquisition by Marsh & McLennan (MMC) earlier this year is “not a crisis,” company CEO Dan Glaser has told the Financial Times (FT). Speaking in an interview with the publication, Glaser said that voluntary employee turnover at JLT since ... Read the full article
Ed names Simon Stovell Divisional Director, Risk Solutions
17th September 2019
Global reinsurance broker Ed has appointed Faraday's Simon Stovell as Divisional Director of its Risk Solutions team, effective immediately. In his new role, Stovell will report to Stephen Louden, Managing Director of Ed's Risk Solutions division. Joining from Faraday, where since 2014 he held the position of Senior Binder Underwriter, Stovell brings ... Read the full article
Marsh makes senior appointments within Marsh JLT Specialty unit
16th September 2019
Marsh has appointed Stephanie Pestorich Manson as Chief Client Officer for Management Liability and Head of Directors’ & Officers’ (D&O) Product and Jason Mills as Wholesale Leader in the UK Financial & Professional (FINPRO) Practice, both within Marsh JLT Specialty. Both roles are newly created, with Manson and Mills set to ... Read the full article
Alliant forms new M&A unit, led by Jonathan Gilbert
16th September 2019
Alliant Insurance Services has announced the formation of a new brokerage service vertical that will provide expertise to private equity firms and alternative asset investors. The unit, called Alliant Mergers & Acquisitions, will be led by Senior Vice President Jonathan Gilbert. “In the last decade, there has been considerable investment by private ... Read the full article
Casualty market disconnected from previous cyclical change: Newman, Willis Re
13th September 2019
In casualty lines of business the reinsurance tail is no longer wagging the primary dog, as the market has disconnected from previous cycle changes, according to Andrew Newman, President of Willis Re. In an interview with Reinsurance News, Newman discussed current dynamics within the casualty reinsurance market and underlined primary insurers’ ... Read the full article
Sompo GRS & WTW launch platform for middle market commercial real estate
13th September 2019
Sompo Global Risk Solutions (GRS), a division of Bermuda domiciled P&C re/insurer Sompo International Holdings Ltd., has entered into a strategic partnership with Willis Towers Watson to develop an integrated insurance platform which targets the middle market commercial real estate sector. The Willis Towers Watson Retail, Office and Industrial (ROI) platform ... Read the full article
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