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.
Intellectual property risks a top concern, but coverage lacking: Aon survey
29th May 2019
Intellectual property (IP) risks were identified as a top-10 concern for organisations in a recent survey by Aon, which also found that insurance covers only 16% of the $1.0 billion average potential loss for certain intangible assets. The study surveyed more than 2,300 organisations representing different industries and geographies across the ... Read the full article
Willis Re uses PCS index as trigger for Japan ILW
29th May 2019
Willis Re has become the first reinsurance broker to structure and trade an industry loss warranty (ILW) using Property Claim Services’ (PCS) new Japan index as trigger. PCS expanded its industry loss data aggregation and index reporting services to include non-marine catastrophe losses in Japan in January 2019, following the impacts ... Read the full article
CFC launches cyber insurance platform
28th May 2019
Specialist insurer CFC Underwriting has announced the launch of a new cyber insurance platform that enables brokers to access and “self-serve” the company’s cyber insurance products for SME clients. The platform will be available on 1 June 2019. Developed by CFC’s in-house technology and innovation team, the platform reportedly boasts an ... Read the full article
Lockton appoints Jane Baron to lead Birmingham office
28th May 2019
Re/insurance broker Lockton has announced the appointment of Jane Baron as Head of its Birmingham office. She joins with over 25 years' industry experience, having served at Marsh and Willis Towers Watson in senior client management roles. Baron in her new role will provide leadership at a time of planned growth in ... Read the full article
$1bn+ economic damage from this week’s US severe weather, largely insured
24th May 2019
The extensive outbreak of severe storms that hit the central and eastern parts of the U.S. from May 16th - May 23rd, is expected to result in economic losses of at least $1 billion, according to analysis from Impact Forecasting, the catastrophe risk modelling arm of insurance and reinsurance broker ... Read the full article
TRIPRA expiration could weaken global property terrorism market: Marsh
24th May 2019
While the global property terrorism insurance market remains strong and well capitalised, the potential expiration of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) could create capacity shortfalls, especially for businesses located in high profile cities and employers with significant workers’ compensation accumulations. In a new report, global re/insurance brokerage Marsh ... Read the full article
WTW integrates insurtech vendor Tia Technology into pricing platform
23rd May 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has partnered with insurtech vendor Tia Technology to enhance the offering of its Radar Live price delivery software. WTW intends to integrate the Tia rating engine into Radar Live, allowing users to take full advantage of both systems and providing more frequent ... Read the full article
Lockton posts $1.72bn revenue for fiscal year
23rd May 2019
Re/insurance broker Lockton has posted $1.72 billion in revenue for the 2019 fiscal year, a 10.3% increase from 2018. The successful expansion earlier this year of its global reinsurance business, Lockton Global Re, was described by its Chief Executive Officer Timothy Gardner as a critical pillar of Lockton's long-term growth ... Read the full article
Lockton promotes Sean Lyons to President of Florida operations
22nd May 2019
Insurance and reinsurance broker Lockton has promoted Sean Lyons to President of its Florida operations, based out of the firm's Miramar office. In his new role, Lyons will be responsible for overseeing the development and expansion in Florida to best serve customers on a national and global basis. He initially joined Lockton ... Read the full article
Aston Lark acquired by Goldman Sachs
20th May 2019
UK insurance broker Aston Lark has been acquired by the Merchant Banking division of Goldman Sachs. Aston Lark has stated that the deal - expected to close following receipt of approvals from the Financial Conduct Authority and the Central Bank of Ireland, and antitrust approval - will not signal change in ... Read the full article
Capsicum Re adds Tom Mills to Bermuda team
20th May 2019
Specialist reinsurance broker Capsicum Re has announced the appointment of Tom Mills as a broker in its Bermudian operations. Mills previously worked as a Private Client Director at Hampden Agencies, managing and advising Lloyd’s members from 2015 to 2019. Prior to this, he spent several years as an Assistant Underwriter at Amlin. Capsicum ... Read the full article
Aon invests in Global Reinsurance Clients unit, adds executive team
17th May 2019
Global insurance and reinsurance broker Aon has announced a number of organisational changes within its Global Reinsurance Clients team, which launched in 2014 and forms part of its Reinsurance Solutions operation. Currently, Aon's Global Reinsurance Clients team supports 25 large, global insurance companies, providing firms with a service to accelerate their ... Read the full article
Gallagher promotes Stuart Fatt to Managing Partner for Construction
16th May 2019
Gallagher, the global re/insurance brokerage and risk management services firm, has announced the promotion of Stuart Fatt to the role of Managing Partner Construction. The appointment is effective immediately and will see Fatt report to Jon Thompson, Chief Executive Officer (CEO) of UK Specialty & Wholesale at Gallagher. Fatt has more than ... Read the full article
BPL Global hires Donnie DiCarlo from Marsh, expanding U.S presence
16th May 2019
Insurance broker BPL Global has announced the appointment of Donnie DiCarlo as Executive Vice President (EVP). Based in New York, DiCarlo will be tasked with expanding BPL Global’s client base in the U.S and the wider Americas region. He joins BPL Global from Marsh, where he spent the previous 10 years as ... Read the full article
THB bolsters binding authority team with two JLT Re hires
15th May 2019
Specialist re/insurance broker THB Group has announced two senior appointments to its binding authority team. Lee Collins, a Partner at JLT Re, will join as Director, Head of binding authority placements. Adrian Steele, also a Partner at JLT Re, joins as Director, binding authorities. Both start at THB in November and will report ... Read the full article
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