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.
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
Tony Ursano to depart TigerRisk
23rd April 2019
Reinsurance brokerage, risk and capital strategic advisory firm TigerRisk Partners LLC has announced that its President, Tony Ursano, will be stepping down and leaving the organisation. Ursano joined TigerRisk in 2015 to help build the company’s reinsurance broking and investment banking practices into a holistic risk solutions provider and advisor. Rod Fox, ... Read the full article
Global, dedicated reinsurance capital declined to $462bn in 2018: Willis Re
23rd April 2019
Total, dedicated reinsurance industry capital declined by 5% year-on-year in 2018, ending the year at $462 billion, according to Willis Re, the reinsurance broking arm of Willis Towers Watson. The reinsurance broker has released its 2018 Reinsurance Market Report, which shows a decline in the volume of dedicated, global reinsurance capital. According ... Read the full article
Holborn appoints Peter Beckman as Executive Officer
17th April 2019
U.S. domiciled independent reinsurance brokerage Holborn Corporation has announced the appointment of Peter G. Beckman to the newly created role of Executive Officer. Beckman joins Holborn from Goldman Sachs, where he has held a number of roles within the firm's Corporate Reporting unit since 2003. Reporting to Chairman and CEO Frank Harrison, ... Read the full article
Capsicum Re adds Stephen Mathews to Mortgage Indemnity Reinsurance team
17th April 2019
Specialist reinsurance broker Capsicum Re has announced the appointment of Stephen Mathews to its Mortgage Indemnity Reinsurance division. Based in Capsicum Re’s New York office, Mathews will now head up the division’s global analytics capability. He joins the company from Guy Carpenter, where he most recently served as Managing Director, having been ... Read the full article
WTW partnership targets societal resilience against emerging forms of warfare
17th April 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has partnered with British defence and security think tank the Royal United Services Institute (RUSI) on a four year-long program designed to strengthen societal resilience to emerging forms of warfare. At its core, the Modern Deterrence Programme is based upon the concept ... Read the full article
BIBA adds Tokio Marine Kiln’s Blundell as Head of general insurance
17th April 2019
The British Insurance Brokers’ Association (BIBA) has announced the appointment of Alastair Blundell as Head of general insurance, a newly-created role. Blundell, formerly Head of Distribution at Tokio Marine Kiln Group, has been appointed to further boost BIBA’s policy team. He will oversee general insurance policy work while representing and progressing issues ... Read the full article
Shepherd Compello B.V. opens in the Netherlands to ensure post-Brexit continuity
16th April 2019
Shepherd Compello, a specialist insurance brokerage, has announced the opening of Shepherd Compello B.V., in Assen, the Netherlands, to support the company's growth ambitions across Europe. Shepherd Compello B.V. is the broker's new international company, which received a licence to trade as an Insurance Agency from the Netherlands AFM on January ... Read the full article
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