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.
Howden & RKH brokerages to be merged by Hyperion
12th September 2019
Hyperion Insurance Group, the global independently owned insurance and reinsurance broking and underwriting organisation, is merging its two broker arms Howden and RKH. Hyperion said that aligning the two broking operations under a single management will "deliver seamless access to the Group’s talent for clients" by bringing together Howden’s international retail ... Read the full article
TigerRisk hires new COO from Third Point Re
11th September 2019
Reinsurance broker TigerRisk Partners LLC has announced the appointment of Manoj Gupta as Chief Operating Officer (COO), based in New York. Prior to joining TigerRisk, Gupta was President of Third Point Reinsurance Ltd.’s US subsidiary. He held several senior level positions during his time at Third Point Re, including as Head of ... Read the full article
Brokerage is not an expense, says Willis Re Deputy Chair Hvidsten
11th September 2019
Reinsurance brokerage costs and commissions are not an expense for reinsurers and Willis Re sees little demand for substantial change on broker remuneration, according to Deputy Chairman Mark Hvidsten. Speaking to Reinsurance News in an interview, Hvidsten laid out the value that he feels a reinsurance broker brings to its clients, ... Read the full article
Knowledge of wildfire risk vital in developing a proper underwriting strategy: Guy Carpenter
10th September 2019
Losses from wildfire events have increased significantly over the past couple of years, and as a result, it’s important that insurers and reinsurers have solid understanding of the exposure in order to maintain a sound underwriting strategy, says Managing Director, Guy Carpenter, Robert Reader. Underpinned by the devastating impacts of the ... Read the full article
Technology won’t replace relationships in reinsurance: Hvidsten, Willis Re
10th September 2019
The important role technology plays in brokers’ service offering is set to increase and while it can and will help to improve efficiency, it’s unlikely to disrupt the reinsurance broking market, says Deputy Chairman of Willis Re, Mark Hvidsten. Technology continues to advance at a rapid pace and is increasingly influencing ... Read the full article
Marsh appoints Andy Smith as Chairman, CEO of UK Aviation practice
10th September 2019
Global re/insurance brokerage Marsh has announced the appointment of Andy Smith as Chairman and Chief Executive Officer of its UK Aviation Practice within Marsh JLT Specialty. He will be based in London and reports to Paul Moody, UK CEO, Marsh JLT Specialty, and Simon Harker, Global Head of Aviation, Marsh JLT ... Read the full article
Tech, analytics can address terror, political violence risk challenges: Guy Carpenter
10th September 2019
Guy Carpenter, the reinsurance arm of Marsh, has underlined the important role technology and analytics play in addressing challenges across the terrorism risk landscape. The reinsurance broker argues that terrorism, political violence and other malicious acts are both dynamic and adaptive, with human intent driving profitability while also willing the impacts ... Read the full article
Gallagher adds Brent Kruger as UK CIO
10th September 2019
Global insurance brokerage Gallagher has announced the appointment of Brent Kruger as UK Chief Information Officer, a role he will take up in early November. Kruger, who brings over 25 years’ experience to the role, will be responsible for setting the strategic direction of the firm’s UK technology division. He joins from ... Read the full article
For protection gaps, the key issue remains demand: Vickers, Willis Re
10th September 2019
When it comes to closing much-discussed protection gaps the insurance and reinsurance industry cannot work alone and must partner with other organisations to help to increase demand for protection, according to James Vickers of Willis Re. The Willis Re International Chairman told us in an interview that “reinsurance alone cannot help ... Read the full article
Reinsurers should pursue hybrid approach to alternative capital, says GC’s Kumar
9th September 2019
With alternative capital now representing an increasingly sizeable portion of overall industry capital, reinsurers should be pursuing new hybrid structures and longer-term partnerships with this section of the market. This is according to Shiv Kumar, President of GC Securities, the capital markets and ILS arm of reinsurance broker Guy Carpenter (GC), ... Read the full article
Cyber unlikely to be a panacea for reinsurers: Vickers, Willis Re
9th September 2019
The still emerging cyber risk insurance and reinsurance market is not likely to prove the panacea that some hope it will, according to Willis Re International Chairman James Vickers. Vickers explained in a recent interview that while cyber risk is increasing rapidly around the globe, it is not yet clear where ... Read the full article
Total reinsurance capacity up 4% from end of 2018: Aon
9th September 2019
At $610 billion, global reinsurance capital has returned to a peak levels while total capacity has grown 4% since the end of 2018, according to a market outlook from Aon. Aon also highlights how, following hurricane Dorian’s near-miss with Florida, the industry escaped significant losses in what remains the peak region ... Read the full article
BMS adds Holtmeier as Chief Strategy officer of US reinsurance
9th September 2019
Independent specialist re/insurance broker BMS Group has announced the appointment of Gregg Holtmeier as Chief Strategy officer of the firm’s US reinsurance operations. Holtmeier, who joins with over 20 years’ experience in the sector, will report to US reinsurance Chief Executive Officer, Steve Korducki. Effective immediately, Holtmeier will join the BMS US ... Read the full article
Aon to introduce auction capability for 1/1 renewals
8th September 2019
Global re/insurance brokerage Aon is set to implement an auction capability for the January 1 renewals, as the company looks to leverage new technology in order to speed up the process of pricing negotiations and contract certainty. Aon says the technology, offered as part of its suite of services, enables pricing ... Read the full article
Evolving risk landscape pivotal in shaping future of re/insurance: GC
8th September 2019
A recent report from Guy Carpenter has highlighted how players within the re/insurance industry are increasingly being forced to reassess their views of risk in light of loss accumulation from recent extreme weather events, uncertainty around climate change and higher loss cost trends in a number of long-tail business lines. Despite ... Read the full article
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