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.
Aon adds Guangjie Hopton to Intellectual Property Solutions team in Asia
12th June 2019
Aon has expanded its Intellectual Property Solutions team with the addition of Guangjie Hopton, who will focus on clients in China and the broader Asia region. Hopton joins the broker from Alibaba Group in Hong Kong, where she has spent the previous 14 years, including as Assistant General Counsel for International ... Read the full article
BMS bolsters cyber offering with BitSight partnership
11th June 2019
Independent specialist re/insurance broker BMS Group has partnered with BitSight, a cyber security ratings firm, to provide cyber risk analysis services to clients across all lines of business as part of its consultancy offering. BitSight’s security ratings platform provides comprehensive security performance information available in the marketplace and marks the first ... Read the full article
Brokerslink adds Tiago Mora as Regional Manager, Middle East & Africa
11th June 2019
Global broking business Brokerslink has appointed Tiago Mora to the role of Regional Manager for Middle East and Africa. Mora is MDS Re Director and has been with the group for 12 years. He has spent a number of those years developing the Group’s operations in Africa and running the Angolan ... Read the full article
Re/insurers face multi-billion dollar losses from prolonged U.S storms: Aon
7th June 2019
Re/insured losses are expected to climb into the multi-billion dollar range as severe weather and storm activity in the U.S remained high for a second consecutive month in May, according to the latest Global Catastrophe Recap report from Aon. The broker recorded seven outbreaks of severe convective storms across the central ... Read the full article
WTW launches new venture capital, growth board initiatives
5th June 2019
Global re/insurance brokerage Willis Towers Watson has announced the launch of two initiatives designed to spur organic and inorganic growth. WTW Strategic Ventures, the first of the two initiatives, will look to make early-stage investments in innovative companies. It’s hoped these kinds of investments will unlock new growth possibilities in relevant businesses ... Read the full article
New tech allowing more captives to profit from third-party risks: Marsh report
5th June 2019
The number of captive insurers writing third-party business is rising as new technologies expand the ways in which organisations can deliver insurance solutions, says re/insurance brokerage Marsh in a new report. By underwriting third-party risks in a captive, parent companies can bring in additional premium and generate profits should the captive ... Read the full article
Aon partners with CyberCube to improve risk aggregation management
5th June 2019
Global re/insurance broker Aon has selected CyberCube’s analytics platform to help improve its cyber aggregation risk modelling capabilities and deliver better solutions to its insurance carrier clients. CyberCube’s cyber risk-modeling platform will enable Aon to support its clients on accumulation risk management and exposure management at a time when carriers are ... Read the full article
Geopolitical risks flagged as primary concern in WTW, AIRMIC report
5th June 2019
Risks associated with geopolitical tensions have been flagged as a primary concern among members of UK-based association and representative body Airmic, in a report published today by re/insurance brokerage Willis Towers Watson. More specifically, Airmac members expect geopolitical risks - risks emanating from the interaction between geography, policy and the economy ... Read the full article
European insurance market shifting towards firmer conditions: Aon
4th June 2019
A new report by global re/insurance brokerage Aon suggests that the commercial European insurance is beginning to show a more consistent shift towards firmer conditions. For buyers, this shift is likely to result in higher rates, capacity constraints, and a tightening of terms and conditions. Aon says this shift is partly a ... Read the full article
Arthur J. Gallagher acquires Australian broker The Protectors Insurance Group
4th June 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of The Protectors Insurance Brokers and Regent Insurance Brokers, collectively known as The Protectors Group. Founded in 1982, The Protectors Group is a retail broker specialising in construction, hospitality and transport coverage. It is based in Liverpool, New South Wales, ... Read the full article
Gallagher completes takeover of JLT’s aerospace business
3rd June 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations. The transaction, which was first announced in March 2019, is expected to significantly expand Gallagher’s existing aerospace team. The broker’s global aerospace operations now includes offices ... Read the full article
WTW adds Augusto Hidalgo as Head of CSP in South East Asia
31st May 2019
Global re/insurance brokerage Willis Towers Watson has announced the appointment Augusto Hidalgo as Head of the Capital, Science and Policy (CSP) in South East Asia. He joins from the National Reinsurance Corporation of the Philippines, where he served for five years as Chief Executive Officer. During his time there Hidalgo built specialist ... Read the full article
Severe weather continues in U.S with further $1bn+ of damage expected: Aon
31st May 2019
Aon expects economic losses to once again exceed $1 billion, after severe thunderstorms and flooding continued to impact Central and Eastern areas of the U.S through the week of May 24-30. The broker anticipates that insurers and reinsurers will cover the majority of wind and hail-related damage during this period. Losses will ... Read the full article
Aon invests in CoverWallet, announces SME partnership
31st May 2019
Global re/insurance brokerage Aon and US-based insurtech CoverWallet have entered into a partnership that will see the two companies work together in the SME-space in Australia. In conjunction with this agreement, CoverWallet has received a strategic investment from Aon. Moving forward, Aon will partner with CoverWallet on furthering technological advancements and client ... Read the full article
Amazon could target P&C insurance as a broker: CB Insights
30th May 2019
Analysts at CB Insights have suggested that Amazon could enter the insurance space as a broker on the property and casualty (P&C) side, using its size as an e-commerce retailer and its huge member base to become a major distributor in the U.S. Amazon has already shown some interest in building ... Read the full article
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