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.
Fall in traditional equity drives 3% decline in global reinsurer capital: Aon
15th April 2019
Global, dedicated reinsurance capital declined by 3% in 2018 ending the year at $585 billion, driven by a fall in traditional capital as the alternative sector grew once again, according to Aon's 2019 Reinsurance Market Outlook. From the end of 2017 to the end of 2018, traditional reinsurer capital declined by ... Read the full article
Zurich Canada secures Aon’s Marco Royer as Head of Liability
12th April 2019
The Canadian operations of global insurer Zurich has announced the appointment of Marco Royer as Head of Liability, effective July 1. Royer joins from Aon after a 12 year stretch at the firm, most recently serving as the Head of its Canadian reinsurance broking team. He has a strong technical casualty underwriting ... Read the full article
Howden builds Norway presence with stake in Employee Benefits broker, NIP
11th April 2019
Howden Broking Group's Norway subsidiary, Howden Forsikringsmegling SA (Howden Norway) has acquired a majority stake in Employee Benefits brokerage, Norwegian Insurance Partner AS (NIP). According to an announcement on the deal, the combination of Howden Norway and NIP creates a top-five broker in Norway, and the market leader in Employee Benefits. The Founder and ... Read the full article
Rising terror threat, populism, political tension a challenge for businesses: Aon
11th April 2019
Growing populism in some parts of the world, combined with increasing protectionist measures in others and rising political and trade tensions, are creating both challenges and opportunities for the risk transfer industry, according to Aon's 2019 Global Risk Maps. The insurance and reinsurance broker's 2019 Global Risk Maps, developed alongside Continuum Economics ... Read the full article
Aon adds SCOR’s Alexander as Head of Life Reinsurance broking for Australia, NZ
11th April 2019
Aon has named Danny Alexander as its new Head of Life Reinsurance broking for Australia and New Zealand, as the firm looks to strengthen its reinsurance offering in the region. Alexander was most recently working at reinsurer SCOR in Sydney, Australia where he was Head of Client Solutions focused on the ... Read the full article
Aon leverages AI to extract data insights from historical insurance documents
11th April 2019
Global insurance and reinsurance broker Aon has leveraged Groundspeed's artificial intelligence (AI) technology to uncover invaluable insights, helping the firm identify underlying causes of claims. The AI technology harvested critical data from thousands of historical insurance documents, identifying 170 million data points. Aon states that the manual process of extracting data resulted ... Read the full article
Guy Carpenter MD Kevin Feldman joins TigerRisk as Partner
8th April 2019
Reinsurance brokerage, risk and capital strategic advisory firm TigerRisk Partners LLC, has welcomed Kevin Feldman to the company as a Partner. Feldman has for the last ten years served as a Managing Director at Guy Carpenter. TigerRisk's Global Head of Reinsurance Wade Gulbransen in an announcement praised Feldman for having established an ... Read the full article
Gallagher appoints John Thompson CEO of UK specialty & wholesale businesses
8th April 2019
Global insurance brokerage Gallagher has announced the appointment of John Thompson as Chief Executive Officer of its UK specialty London market and wholesale businesses. Thompson, who for seven months held the CEO position on an interim basis, joined Gallagher in 2014 as managing partner for construction. The division has since quadrupled in ... Read the full article
Middle East energy reinsurers refocus underwriting discipline: WTW
8th April 2019
The Middle Eastern reinsurance market for oil and gas business has undergone a process of change in 2018 and early 2019, according to broker Willis Towers Watson (WTW), with many reinsurers refocusing their appetite for these risks following poor underwriting results in the sector. Will Peilow, MEA Regional Leader, Downstream Natural ... Read the full article
Arthur J. Gallagher to acquire Canadian broker Keyser Benefits
5th April 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Canadian broker Keyser Benefits Corp. Based in Calgary, Alberta, Keyser Benefits is a full-service benefits brokerage that has been in operation for more than 45 years. It offers life, disability, health and dental, critical illness, retirement and other services ... Read the full article
PPL surge continues as Board reveals 50,000 risks now bound on the platform
5th April 2019
The board of Placing Platform Limited (PPL), a core component of the London Market’s Target Operating Model, has announced that over 50,000 risks have now been bound on the platform, with close to 12,500 bound in just the last three months. The adoption of electronic placement is increasing across the London ... Read the full article
Downstream energy sector sees first major capacity decrease since 2001: WTW
5th April 2019
The downstream energy sector experienced its first significant decrease in underwriting capacity since 2001, according to a new energy market report by broker Willis Towers Watson. Downstream capacity fell from $6.8 billion to $6.2 billion in the first major market turn since the aftermath of 9/11, WTW analysts said. They attributed the ... Read the full article
Number of LIIBA members committed to PPL surpasses 100
4th April 2019
More than 100 members of the London International Insurance Brokers' Association (LIIBA) have now committed to signing up for the Placing Platform Limited (PPL), a core component of the London Market’s Target Operating Model. The adoption of electronic placement is increasing across the London market as an overall drive for greater insurance ... Read the full article
MGA EPUL targets unorthodox property risks with launch of Solutions
3rd April 2019
European Property Underwriting Limited (EPUL), a commercial property managing general agent (MGA), has launched a new suite of covers designed specifically to address the challenges brokers face when looking to place cover for unorthodox property owner risks, called Solutions. The range of covers on offer through Solutions, specifically target risks with ... Read the full article
Beach expands London wholesale operation with two new hires
3rd April 2019
Reinsurance brokerage Beach & Associates has expanded its London wholesale operation with two new hires. Nick Fearon joins from Miller Insurance Services where he led its US Professional Liability team. Beach says his appointment will bring further expertise in the financial and professional lines space. Lee Bonnett joins from Marsh Specialty, where ... Read the full article
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