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’s Jay Demeusy named US Vice Chairman, Reinsurance Solutions
9th May 2019
Global insurance and reinsurance broker Aon has appointed Jay Demeusy as US Vice Chairman of its Reinsurance Solutions business. Demeusy will also continue to chair the newly created Global Construction & Inland Marine Practice Group and will continue to lead the US retrocessional solutions team within Aon's Reinsurance Solutions division. He has ... Read the full article
Guy Carpenter announces numerous senior appointments
8th May 2019
Reinsurance broker Guy Carpenter has announced a number of international leadership appointments in light of Marsh & McLennan Companies' acquisition of JLT. The appointments are effective immediately and the reinsurance broker says that they reflect its efforts to align the firm's structure, and integrate the capabilities of JLT Re, ultimately creating ... Read the full article
JLT Re’s Pete Chandler joins BMS as President, US reinsurance
3rd May 2019
Specialist insurance and reinsurance broker BMS Group has announced the appointment of Pete Chandler from JLT Re as President of its US reinsurance operations, effective May 27th, 2019. In his new role, which subject to regulatory approval sees him join the BMS US Board, Chandler will report to Steve Korducki, US ... Read the full article
CRC Group acquires Arkansas-based broker Argenia
3rd May 2019
U.S wholesale broker CRC Group has announced the acquisition of Argenia, LLC, an MGA and surplus lines broker based in Little Rock, Arkansas. CRC explained that the addition of Argenia will compliment its existing capabilities in Arkansas and the surrounding region, building on a previous acquisition that it made in the ... Read the full article
Heightened demand, M&A drives premium growth for reinsurers in 2018: Aon
2nd May 2019
The group of 23 reinsurers that form the Aon Reinsurance Aggregate (ARA) recorded strong premium growth in 2018, supported by previous merger and acquisition (M&A) activity and greater demand for reinsurance protection. Overall, property and casualty (P&C) net premiums for the cohort of companies increased 9% to $154 billion, from the ... Read the full article
EC3 Brokers appoints James Murphy Head of Broking
2nd May 2019
Re/insurance specialists EC3 Brokers has announced the appointment of James Murphy to the newly-created role of Head of Broking. Murphy joined on 1 May from Integro Insurance, Brokers where he served as Principal. He will now be responsible for expanding EC3’s marketing activities and developing new partnerships. He has worked in the London ... Read the full article
Relation appoints CFO and Head of M&A, adds Jeff Greenberg to Board
2nd May 2019
Independent U.S brokerage Relation Insurance Services has announced the appointment of Chris McKechnie as Chief Financial Officer (CFO) and Tim Hall as Executive Vice President and Head of M&A. Additionally, following the announcement of its acquisition by Aquiline Capital Partners LLC in February 2019, Relation has added Jeff Greenberg, Chairman ... Read the full article
Aon adds JLT’s Dave Barratt to its UK Risk Settlement team
2nd May 2019
Global insurance and reinsurance broker Aon has appointed JLT's Dave Barratt as a Senior Consultant within its UK Risk Settlement team. Barratt joins after spending 13 years with rival broker JLT, where he was an experienced defined benefits settlement consultant within JLT Employee Benefits. Throughout his career, Barratt has advised numerous trustees and ... Read the full article
McGill & partners launch specialty risk solutions broker, advisor with Warburg Pincus
2nd May 2019
A team of industry stalwarts led by insurance broking veteran Steve McGill - who served as Aon Group President for over a decade - has joined forces with leading global private equity firm Warburg Pincus to launch McGill & Partners, a major new specialty risk solutions business. Industry executives confirmed to ... Read the full article
RoE fails to cover cost of equity for the Aon Reinsurance Aggregate
1st May 2019
For two years in a row, the return on equity (RoE) across the Aon Reinsurance Aggregate (ARA) has fallen below the ARA cost of equity, which is expected to drive further consolidation within the reinsurance sector, according to global broker Aon. Insurance and reinsurance broker Aon has released the latest edition ... Read the full article
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
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