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 Towers Watson’s Smaje joins BGC Insurance as CEO, global aviation & space brokerage
1st July 2019
BGC Insurance Group, a division of BGC Partners, Inc. has named Philip Smaje as Chief Executive Officer (CEO) of its new global aviation and space re/insurance brokerage. The appointment of Smaje follows the recent addition of JLT's Marcel Chad as President of the unit and subject to regulatory approval, Smaje ... Read the full article
RSA adds Rachel Conran as CUO of GRS business
27th June 2019
The UK & International operations of multinational insurance group RSA has announced the appointment of Rachel Conran as Chief Underwriting Officer of its Global Risk Solutions (GRS) business, effective July 8. Conran, who joins the Luxembourg-based role with over 25 years’ experience in the industry, previously served as CUO for Allianz’s ... Read the full article
Willis Towers Watson responds to latest IFRS 17 proposals by IASB
27th June 2019
The risk advisory and broking firm Willis Towers Watson (WTW) has issued a response to the latest changes proposed by the International Accounting Standards Board (IASB) concerning its accounting standard IFRS 17 Insurance Contracts. The IASB’s limited scope Exposure Draft (ED), published this week, brings together a number of proposals made ... Read the full article
Arthur J. Gallagher to acquire minority stake in Renomia
26th June 2019
Global insurance brokerage Arthur J. Gallagher & Co. is to acquire a minority stake in Prague-based Renomia, the largest independent broker based in the Central and Eastern European (CEE) region. Primarily serving commercial clients, Renomia has grown rapidly and now has full-scale broking operations in Czech Republic, Slovakia, Romania, Hungary, Serbia, ... Read the full article
Ed Bermuda receives regulatory approval
25th June 2019
Global reinsurance brokerage Ed has now received regulatory approval from the Bermuda Monetary Authority (BMA) for its Bermuda operation. The new division, Ed Bermuda will provide its full range of broking services, backed by the utilisation of advanced technology through the firm's proprietary trading platform, TradEd. At the start of February, 2019 ... Read the full article
Willis Towers Watson develops new solution for mid-market clients
24th June 2019
Re/insurance broker Willis Towers Watson (WTW) has launched a new solution for General Industry mid-market clients as part of its Differentiated Broking Solutions (DBS) strategy. Notably, the solution features pre-agreed terms and conditions, meaning it will act almost like a facility with guaranteed capacity at guaranteed rates for WTW’s clients. WTW said ... Read the full article
Aon targets improved customer engagement with Hi Marley partnership
21st June 2019
Global re/insurance brokerage Aon has entered into a strategic alliance with Hi Marley, an insurance-focused conversation platform that leverages industry-specific artificial intelligence (AI) and functionality to improve customer engagement. In response to policyholders demanding faster and more efficient ways to speak with their insurance company through the cycle of their policy, ... Read the full article
Marsh names Brian Hanuschak as President of Victor North America Global
20th June 2019
Global re/insurance broker Marsh has appointed Brian Hanuschak as President of North America for Victor Insurance Holdings, its managing general underwriting (MGU) business. The announcement follows the appointment of Christopher Schaper as CEO of AIG’s new reinsurance operations, who previously served as CEO of Victor Insurance Holdings. Hanuschak has led Victor ... Read the full article
Marsh names CEO & Client Director of UK Real Estate Practice
19th June 2019
Global re/insurance broker Marsh has announced the appointments of Tim Scoble as Chief Executive Officer (CEO) of its UK Real Estate Practice, and Mark Lumley as Client Director. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, operators, managers, and ... Read the full article
Gallagher acquires Australian consulting firm P2 Group
18th June 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of specialist consulting firm, P2 Group. The Hawthorn, Victoria-based P2 Group assists employers proactively manage occupational health, while at the same time lowering the risk of worker injuries and WorkCover claims. According to an announcement on the deal, P2 Group ... Read the full article
LIIBA adds heads of Price Forbes & Lonmar Global Risks to Board
18th June 2019
The London and International Insurance Brokers’ Association (LIIBA) has announced the appointments of James Masterton and David Pexton to its Board of Directors, effective immediately. Masterton is currently Chief Executive Officer (CEO) of Price Forbes and Partners, part of the Ardonagh Group of companies, while Pexton is CEO of Lonmar Global ... Read the full article
JLT’s Marcel Chad joins BGC to lead new aviation brokerage
18th June 2019
BGC Insurance Group (BGCI), a division of global brokerage and financial technology firm BGC Partners, is set to launch a specialist global aviation and aerospace re/insurance brokerage overseen by Marcel Chad as President. The new brokerage will be built to provide the market with an independent alternative operating at global scale. The ... Read the full article
WTW adds EY’s Sutcliffe to insurance consulting, tech UK life business
18th June 2019
Global re/insurance brokerage Willis Towers Watson has appointed Gareth Sutcliffe to its insurance consulting and technology (ICT) UK Life business as Head of the Insurance Investment Solutions Group (IISG). Sutcliffe, who joins from professional services firm EY having most recently served as Head of its UK Investment Advisory team, holds over ... Read the full article
Willis Re Exec VP Frase departs for key role at TigerRisk
17th June 2019
Reinsurance brokerage, risk and capital strategic advisory firm TigerRisk Partners has announced the appointment of Lindsey Frase as a Partner and Member of its North American Current Client Division. Frase, who will report to Wade Gulbransen, TigerRisk’s Global Head of Reinsurance, served as Treasurer of the Children's Health Guild and is ... Read the full article
Munich Re’s Serge Calfa joins EC3 Brokers MEA as regional director, treaty
14th June 2019
EC3 Brokers MEA has appointed Munich Re's Serge Calfa to the newly-created role of regional director of treaty, effective June 1st, 2019. In this role, Calfa reports to Steve Hart, Senior Executive Officer, and is based in the company's Dubai office. London-headquartered EC3 Brokers announced the launch of its Middle East ... Read the full article
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