Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broker market 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.
Chicago-based broker Hub International acquires The Rubin Group
10th January 2019
Chicago-headquartered global insurance brokerage Hub International Limited has announced the acquisition of New York-based insurance and risk management firm The Rubin Group for an undisclosed fee. The Rubin group specialises in commercial and personal insurance, providing a portfolio of business and industry-specific insurance solutions and risk mitigation strategies in industries such ... Read the full article
Marsh & McLennan issues $5bn senior debt to fund JLT acquisition
9th January 2019
Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has outlined plans to issue $5 billion of senior debt to fund its previously announced $5.6 billion acquisition of Jardine Lloyd Thompson Group (JLT). The offering consists of six tranches of senior notes with maturities of up to 30 years. MMC stated ... Read the full article
Bulk annuity ‘mega deals’ trend to impact smaller schemes: WTW
9th January 2019
With the trend of bulk annuity ‘mega deals’ set to continue into 2019, smaller pension schemes are potentially at risk of missing out on attractive pricing as re/insurers prioritise resources to large-scale, high value deals, according to analysts at Willis Towers Watson (WTW). Last year saw unprecedented levels of bulk annuity ... Read the full article
WTW adds Costas Yiasoumi to pension de-risking team
8th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Costas Yiasoumi as a Senior Director in its pension de-risking transaction business. Yiasoumi joins WTW from Legal & General, where he served as Head of Core Business, focusing on the buy-in and buy-out market. He has more than 20 years’ experience ... Read the full article
WTW appoints head of EMEA region for Consulting and Technology business
7th January 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Colin Forrest as Regional Leader for Europe, Middle East and Africa (EMEA) in its Insurance Consulting and Technology business. Forrest most recently served as leader of the UK Life team in WTW’s Insurance Consulting and Technology business, before which he ... Read the full article
Arthur J. Gallagher signs definitive agreement to acquire Stackhouse Poland
7th January 2019
U.S global insurance brokerage and risk management services firm, Arthur J. Gallagher & Co. has announced the signing of a definitive agreement to acquire specialist UK insurance broker Stackhouse Poland. This announcement follows reports last week that the private equity owners of Stackhouse Poland had hired individuals from global independent ... Read the full article
Retro market disruptions may impact future renewals: Willis Re
7th January 2019
Disruptions and trapped collateral in the retrocession market may have an impact on first-tier reinsurance property catastrophe pricing levels over the upcoming 2019 renewals, according to broker Willis Re. The analysis came as part of the firm's latest 1st View report, which found that reinsurance rates at the 1 January ... Read the full article
Safety National Casualty acquires U.S broker Midlands Management
3rd January 2019
Safety National Casualty Corporation, a multi-line specialty re/insurer and member of the Tokio Marine Group, has acquired U.S broker Midlands Management Corporation. Midlands Management is a managing general agent (MGA), wholesale broker, program administrator and insurance services provider with a specialty in excess workers’ compensation. Following the transaction, the company will become ... Read the full article
Pricing broadly stable across U.S casualty renewals, finds Willis Re
3rd January 2019
The latest 1st View report from Willis Re has found that U.S casualty reinsurance pricing trends were mixed at the 1 January 2019 renewals, with pockets of rate increases and decreases across a broadly stable market. The findings came as part of the broker's wider market analysis, which found that Read the full article
Ardonagh Group acquires UK broker Swinton for £165mn
3rd January 2019
The Ardonagh Group has completed its planned £165 million acquisition of UK personal lines broker Swinton Group Limited from Covéa Group. Ardonagh revealed that it has now received regulatory approval for the deal, which it originally announced in September 2018. The broker funded the acquisition with committed financing from its existing bank ... Read the full article
Global, dedicated reinsurance capital hits $348bn in 2018: JLT Re
2nd January 2019
Estimated global, dedicated reinsurance capital increased by $2 billion in 2018 to $348 billion, driven by growth in the traditional arena as the volume of alternative reinsurance capital remained flat, according to reinsurance broker JLT Re. JLT Re, the reinsurance arm of global brokerage JLT Group, said recently that the Read the full article
January renewals highlight reinsurance “pricing gap”: Willis Re
2nd January 2019
The January 2019 reinsurance renewals have highlighted a "pricing gap" between cedants with peak peril exposure or poor loss records and other accounts, according to a new report from broker Willis Re. The company earlier told the Financial Times that reinsurance rate increases did not materialise at the 1 January renewals, ... Read the full article
Stackhouse Poland, Aston Lark up for sale with £600m joint value: reports
31st December 2018
Two of the UK’s largest independent insurance brokers, Stackhouse Poland and Aston Lark, are reportedly up for sale with a joint value of £600 million, according to online news outlet This is Money. The private equity owners of Stackhouse Poland have reportedly hired individuals from global independent investment banking advisory firm ... Read the full article
RFIB enters into partnership with VIPR
31st December 2018
International re/insurance broker RFIB has entered into a partnership with VIPR, an insurance industry IT solutions provider, in order to utilise the firm’s bordereaux management solution 'Intrali'. VIPR states that an impressive bid matching RFIB’s brief was submitted, highlighting evidence of how Intrali has helped the industry, as well as emphasising ... Read the full article
Marsh establishes China office in Dubai: reports
27th December 2018
Global re/insurance broker Marsh has established a China desk in Dubai in order to benefit from the growing commercial links between China, the Middle East and Africa, according to reports by Reuters. Marsh is the latest multinational to make such a move in Dubai, which is benefiting from a regional business ... Read the full article