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.
Marsh strengthens leadership of US, Canada Energy & Power Practice
22nd August 2019
Global re/insurance brokerage Marsh has appointed Amy Barnes and Brad Vescarelli to leadership positions within its US and Canada Energy and Power Practice. Barnes had previously worked to help to shape the newly formed Marsh-JLT Specialty Energy and Power team. She will now report to Pat Donnelly, Head of US and Canada ... Read the full article
UK motor claims inflation up 8.6% with more pressure to come: WTW
22nd August 2019
Motor claims payout inflation in the UK rose by 8.6% in 2018, with further pressure expected throughout 2019, according to the latest benchmarking analysis from broker Willis Towers Watson (WTW). Analysts found that the average cost per claim now comes in at £4,791, having increased for the fourth consecutive year Gross accidental ... Read the full article
SSL Endeavour bolsters leadership with two senior appointments
21st August 2019
SSL Endeavour, the specialist independent Lloyd’s broker and delegated authority expert, has announced the appointments, with immediate effect, of Jonathan Palmer-Brown and Hugh Crossland as group Non-Executive Chairman and group Chief Financial Officer respectively. Jonathan Palmer-Brown joins with over 50 years’ experience, having first entered the London market in 1968 with ... Read the full article
Guy Carpenter secures key reinsurance role in Cali Wildfire Fund
20th August 2019
Global reinsurance brokerage Guy Carpenter has been selected as the sole reinsurance intermediary for the recently-formed California Wildfire Fund, as the state looks to mitigate the risk after two heavy loss years. Together with the fund’s administrator, the California Earthquake Authority (CEA), Guy Carpenter will provide strategic reinsurance and advisory services ... Read the full article
Lockton appoints Marsh’s Beresheim to lead Specialty Practices
19th August 2019
Global re/insurance brokerage Lockton has appointed Devin Beresheim to succeed the recently-retired Brian Kawamoto as Executive Vice President of its Specialty Practices business. Beresheim, who joins from Marsh with nearly 30 years’ experience, will report to Lockton’s US President and Chief Operating Officer, Peter Clune. "Using a baseball analogy, Devin is the ... Read the full article
Demand for W&I cover in EMEA rises as claims notifications spike: Marsh
19th August 2019
Marsh has released its Transactional Risk Insurance Claims study, which reveals that since 2016, warranty & indemnity (W&I) claims notifications across Europe, the Middle East and Africa (EMEA) have increased significantly. Insurance and reinsurance broker Marsh notes that claims notifications have increased by 293% from 2016 to 2018, adding that this ... Read the full article
Cobbs Allen forms specialty brokerage CAC, announces leadership
19th August 2019
US risk management and insurance brokerage Cobbs Allen has announced the formation of CAC Specialty, a platform which will combine the capabilities of an investment bank and an insurance broker. Cobbs says this new specialty insurance brokerage and investment banking platform will work as a response to the long-term convergence of ... Read the full article
UK bulk annuity market could exceed £35 billion in 2019: Aon
19th August 2019
Given the deals already transacted and those in the offing, global re/insurance brokerage Aon believes the UK bulk annuity market could well exceed £35 billion in 2019 and possibly even surpass the £40 billion mark. Aon’s Senior Partner and Head of Risk Settlement, Martin Bird, highlights what has proved to be ... Read the full article
Willis Towers Watson names Adam Garrard as new CRB leader
15th August 2019
Global insurance and reinsurance brokerage Willis Towers Watson (WTW) has revealed that Adam Garrard is to replace Todd Jones as leader for the Corporate Risk & Broking (CRB) segment. Garrard is currently WTW Head of International and member of the broker's Operating Committee, and he will continue to serve as acting ... Read the full article
Australian reinsurance, binder broker Wickshire gets Lloyd’s approval
15th August 2019
Sydney, Australia-based Reinsurance and Binder Broker, Wickshire Pty Ltd., has announced that it has been approved as a Lloyd's of London Broker. The approval means that Wickshire is the only Australian domiciled business to hold this status, and provides the firm's clients will direct access to the entire London Lloyd's marketplace. Wickshire, ... Read the full article
Black to lead Risk Strategies’ National Professional Liability Practice
14th August 2019
U.S. domiciled insurance brokerage Risk Strategies has appointed Darren Black to lead its National Professional Liability Practice group. Industry veteran Black joins Risk Strategies after leading the professional services practice for U.S. brokerage, IMA Financial Group. Prior to this, Black served as Managing Director and leader of the design liability practice at ... Read the full article
Tysers opens Bermuda affiliate, relocates Tomkins to lead
14th August 2019
Specialty Lloyd’s broker Tyser has announced the launch of its Bermuda-based affiliate and appointed its Managing Director of Reinsurance, Richard Tomkins, to lead the new operations. Tomkins has relocated from London to Bermuda and becomes Managing Director of Tysers Bermuda. He has over 30 years’ experience covering both mainstream and specialty areas ... Read the full article
Gallagher makes changes to PS&E leadership
14th August 2019
Global insurance broker Gallagher has announced a number of changes within its Public Sector & Education (PS&E) leadership team in order to best meet shifting client demand. Gallagher has revealed that Peter Mason, Executive Director of PS&E, will take on the additional responsibilities of leading a major new strategic initiative designed ... Read the full article
July losses reach into billions of dollars after record heat, rainfall: Aon
13th August 2019
The impact of hurricane Barry combined with a series of severe thunderstorms in the U.S., monsoonal flooding across parts of Asia, and a record-breaking heatwave in parts of Europe contributed to billions of dollars of insured losses in the month of July, according to re/insurance broker Aon. Hurricane Barry made landfall ... Read the full article
Lockton adds Aon’s Barber to lead global healthcare practice
12th August 2019
Global re/insurance brokerage Lockton has appointed William Barber to lead an international healthcare practice focused on driving collaboration and integration across its London teams and international network. It’s hoped the practice, formed as part of the company’s professional and financial services offering, will enable Lockton to bring the best of the ... Read the full article
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