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.
Darren Zeidel named Aon’s General Counsel
17th July 2019
Global brokerage Aon has announced the appointment of Darren Zeidel to the role of Executive Vice President, General Counsel and Company Secretary. Effective July 22, Zeidel leads the Aon’s global law department and manage legal, compliance, regulatory and public affairs. He succeeds Peter Lieb following his departure from the company in early ... Read the full article
Joshua Walker joins Aon’s Intellectual Property Solutions as Chief Product Officer
17th July 2019
Global insurance and reinsurance brokerage Aon has appointed Joshua Walker Chief Product Officer for the firm's Intellectual Property Solutions division, based in San Francisco. In his new role, Walker will lead the team as it continues to develop and evolve a comprehensive set of consulting, valuation and risk transfer offerings within ... Read the full article
Use of transactional risk insurance swelled in 2018: Marsh
17th July 2019
A new report from global re/insurance brokerage Marsh suggests the use of transactional risk insurance underwent a significant increase in 2018. For example, policy limits in excess of $1 billion are now being made available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the ... Read the full article
Brown & Brown acquires Innovative Risk and LSI Lender
16th July 2019
Brown & Brown, Inc. subsidiaries, Brown & Brown Metro, LLC and Brown & Brown of Kentucky, Inc., have acquired substantially all of the assets of Innovative Risk Solutions, Inc. (Innovative) and LSI Lender Services, LLC (LSI), respectively. The acquisition of Innovative was announced by Brown & Brown, Inc.'s Chief Acquisitions Officer, ... Read the full article
Risk Strategies acquires trucking and transportation specialist, Winter Group
16th July 2019
U.S. domiciled broker and risk management company, Risk Strategies, has acquired trucking industry-focused specialty insurance program manager, Winter Group, Inc. The takeover adds transportation industry expertise to Risk Strategies' wholesale operations. Winter Group, a transportation wholesaler that provides national insurance solutions for "virtually all facets" of both the trucking and transportation sector, ... Read the full article
Dunlap appointed Head of Construction Broking in NA, Willis Towers Watson
16th July 2019
Insurance and reinsurance broker Willis Towers Watson (WTW) has named Jim Dunlap as its new Head of Construction Broking in North America (NA), based in Chicago. In his new role, Dunlap will report to Joseph Peiser, Head of Broking North America. WTW states that Dunlap will be tasked with overseeing the ... Read the full article
Global reinsurance demand flat to slightly down: Aon
16th July 2019
Total demand for renewals at June / July were flat to down slightly in private market reinsurance demand, according to global re/insurance brokerage Aon. Meanwhile, dynamics of peak Florida reinsurance placements shifted following two years of loss activity and in some cases increased loss development for Hurricane Irma. Aon says this resulted ... Read the full article
Risk of stalling hurricanes is growing, says TigerRisk as Barry approaches
12th July 2019
The risk posed by hurricanes that stall upon landfall may be growing, according to analysts at TigerRisk, whose comments come as Tropical Storm Barry bears down on New Orleans. The reinsurance broker noted that the frequency of such storms appears to have increased, with back-to-back hurricanes in 2017 and 2018 stalling ... Read the full article
Aon names Tim Ronda as President of US Reinsurance Solutions business
12th July 2019
Re/insurance broker Aon has announced the appointment of Tim Ronda as President of its US Reinsurance Solutions business, effective immediately. Ronda joined Aon in 2005 and most recently served as Executive Managing Director based in New York, and as Branch Manager for the New York/New Jersey region. He has 23 years’ experience ... Read the full article
Coinbase & Aon exploring plans to set up captive crypto insurer
11th July 2019
Coinbase, a San Francisco-based digital currency exchange, is exploring plans to set up its own captive insurance company with the help of re/insurance broker Aon, according to reports from coindesk. The company would insure risks related to crypto-currencies, an area Aon took its first steps in earlier this year via the ... Read the full article
Arthur J. Gallagher acquires Stonehenge Insurance
11th July 2019
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Florida-based Stonehenge Insurance Solutions, terms of the transaction were not disclosed. Stonehenge offers commercial insurance products and consulting services to Professional Employer Organizations (PEOs) and staffing clients throughout the US. The company’s leadership team, Jeff Rendel, Troy Reynolds, Chris O'Connor and their ... Read the full article
Hub International acquires the Crichton Group
10th July 2019
Chicago-based global insurance brokerage Hub International has announced the purchase of The Crichton Group (TCG). TCG is an independent, full-service commercial, employee benefits and personal lines agency based in Nashville, Tennessee. With this acquisition, Hub intends to create a new regional Hub to be called Hub Mid-South, which will include Hub's existing ... Read the full article
Traditional sector drives rebound in global reinsurance capital: Aon
9th July 2019
Global, dedicated reinsurance capital increased by 3% in the first-quarter of 2019 to $605 billion, driven by growth in the traditional sector which more than offset a decline in alternative reinsurance capital, according to insurance and reinsurance broker, Aon. According to the broker's Reinsurance Market Outlook report, from the end of ... Read the full article
Aon launches new IFRS 17 solution on capital modelling platform
9th July 2019
Re/insurance broker Aon has launched a new solution for International Financial Reporting Standard 17 (IFRS) on its ReMetrica capital modelling platform, which aims to help insurers fulfil their reporting obligations. According to Aon’s analysis, over 1000 re/insurers worldwide are implementing IFRS 17, issued by the International Accounting Standards Board, to implement ... Read the full article
Insurers are showing increasing levels of optimism: Survey
5th July 2019
The quarterly, June 2019 Financial Services Survey from CBI and PwC reveals that insurance companies are increasingly optimistic in light of opportunities to improve customer service and to capitalise on merger and acquisition (M&A) deals. The latest quarterly survey from the pair was conducted between May 14th and June 17th, and ... Read the full article
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