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.
Miller adds Richard Griffiths as Political Risk Insurance Specialist
1st May 2019
Global re/insurance broker Miller has added Richard Griffiths as Credit and Political Risk Insurance Specialist, a position that will see him develop the use of non-payment Insurance for banks looking to manage risk and capital effectively. Griffiths started out in 1983 at Barclays Bank, working in the company’s London, and Hong Kong ... Read the full article
UK broker NDI opens new London office, expands internationally
1st May 2019
NDI, an insurance and reinsurance broker based in Norwich, UK, has announced that it is expanding its international presence and moving its London office into The Gherkin in the city’s financial district. Established in 1995, NDI places reinsurance for sectors including the property, construction, aviation, marine, liability and health sectors with ... Read the full article
WTW reports $2.3bn Q1 revenue, net income jumps 32% to $293m
1st May 2019
Global re/insurance broker Willis Towers Watson has posted $2.31 billion in revenue for the first quarter of 2019, a slight 1% increase from the same period last year. Net income for the first quarter of 2019 was $293 million, or 12.7% of revenue, an increase from last year’s $221 million net income, ... Read the full article
THB Group appoints new Strategic Binding Authority Director
1st May 2019
Specialist insurance and reinsurance broker, THB Group, has announced the appointment of Steve Ford as Strategic Binding Authority Director. Ford joins from Pen Underwriting, where he was global managing director. THB's binding authority team transacts over $700 million of premium annually. Commented on the appointment, THB Worldwide Specialty Chief Executive Officer (CEO), ... Read the full article
WTW launches new risk advisory service for financial executives
1st May 2019
Willis Towers Watson has announced the launched of a new risk advisory service, called Connected Risk Intelligence, to help chief financial officers and risk managers reduce volatility and minimise their total cost of risk. The service is built around IGLOO, a proprietary decision support system for the re/insurance sector, which offers ... Read the full article
Willis Towers Watson launches $1bn political risk program
30th April 2019
Global insurance and reinsurance broker Willis Towers Watson has announced the launch of a unique political risk insurance program supported with over $1 billion of market capacity. The new program is targeted at large global clients who may have existing assets or are considering future investments overseas. It is supported by VAPOR ... Read the full article
WTW adds asset management experts to FINEX Financial Institutions practice
29th April 2019
Willis Towers Watson (WTW), the global insurance and reinsurance broker, has appointed a number of asset management experts to its FINEX Financial Institutions practice as part of its strategy to build out the business globally. Henry Keville, among others, will provide bespoke management liability product solutions and programmes for the asset ... Read the full article
WTW adds Christophe Meurier as Global Head of Financial Solutions
29th April 2019
Global re/insurance broker Willis Towers Watson (WTW) has appointed Christophe Meurier as Global Head of Financial Solutions, effective July 1. Meurier succeeds Paul Davidson in the role, who is to continue as Chairman of Financial Solutions. He joins from BNP Paribas where he spent 25 years, most recently as the Head of ... Read the full article
Underlying RoE declines as expenses ratios rise, combined ratio weakens: Willis Re
26th April 2019
Rising expense ratios and a steady but "relentless" decline in the underlying return on equity (RoE) is challenging the profitability of the subset of reinsurers in the Willis Reinsurance Index, reports reinsurance broker Willis Re. Willis Re's latest biannual Reinsurance Market report highlights a decline in global, dedicated reinsurance capital ... Read the full article
Aon profits up in Q1 with 9% income boost
26th April 2019
Global insurance and reinsurance broker Aon grew its operating income by 9% to $872 million in the first quarter of 2019, partly due to strong organic revenue growth in its Commercial Risk Solutions and Reinsurance Solutions businesses. Operating income also improved by 8% on an adjusted basis due to organic revenue ... Read the full article
Marsh to rollout proof of insurance blockchain platform
26th April 2019
Global re/insurance broker Marsh is to begin rolling out its proof of insurance blockchain platform to US commercial clients. There are many who feel that blockchain technology will transform the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors and transfer risk while increasing ... Read the full article
Lockton expands Midwest presence with new Pittsburgh office
25th April 2019
Re/insurance broker Lockton has expanded its Midwest operations in the U.S with the addition of a new office in Pittsburgh, Pennsylvania. The company said that the office would enhance the risk management, employee benefits and retirement services strategies of local, regional and national organisations. As part of the launch, Lockton has hired ... Read the full article
Lockton launches Food & Agribusiness Practice in Asia-Pacific, names head
24th April 2019
Re/insurance broker Lockton has launched a new Food & Agribusiness Practice across the Asia-Pacific region, and has hired Stephane Baldanoff to lead it as Regional Director. As head of the Food & Agribusiness team, Baldanoff will leverage Lockton’s experience in these industries and expand the group’s existing capabilities in Asia-Pacific. He will ... Read the full article
Aon creates new Global Construction & Inland Marine unit
23rd April 2019
Global insurance and reinsurance broker, Aon, has announced the combination of its Construction & Engineering and Inland Marine teams into a single practice within its Reinsurance Solutions operation. The new unit will be known as the Global Construction & Inland Marine practice group, and Aon states that its formation reflects recognised ... Read the full article
Marsh, Guy Carpenter, JLT combine LatAm facultative reinsurance
23rd April 2019
It's been announced that Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with those of JLT Group, following the completed acquisition of JLT by Marsh & McLennan Companies (MMC) on April 1st, 2019. The combined operations will be called Carpenter Marsh Fac Re, and will be ... Read the full article
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