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.
David Gregori to lead Willis Re’s new Asia Pacific agriculture team
20th February 2019
Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has launched a new Agriculture team for the Asia Pacific region and appointed David Gregori to lead it. As Head of Agriculture for Asia Pacific, Gregori will lead a team based in Hong Kong to support clients and partners ... Read the full article
FCA concludes wholesale broker study, finding no competition concerns
20th February 2019
The Financial Conduct Authority (FCA) has concluded its investigation into the London wholesale broker market, finding no evidence of competition concerns in the sector. The UK financial regulatory body launched its study in November 2017 to assess how effectively competition is working in the wholesale broker market. “Overall, the FCA has not ... Read the full article
Aon highlights greatest cyber security challenges for businesses
14th February 2019
Global insurance and reinsurance broker Aon has published a new report that details the greatest cyber security threats and challenges to organisations in 2019, highlighting both the significant opportunities and risks that new technologies bring. The 2019 Cyber Security Risk Report identified eight key areas where business are likely to face ... Read the full article
Ryan Specialty Group to acquire wholesale broker Westphalen
14th February 2019
Ryan Specialty Group has agreed to acquire the assets and operations of Westphalen Insurance Services Inc., an independently owned wholesale insurance brokerage located in Edmond, Oklahoma. The Westphalen team will become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, and will establish the company’s presence in Oklahoma. Founded ... Read the full article
Lambrou appointed Global CEO of Commercial Risk Solutions, Aon
11th February 2019
Global insurance and reinsurance broker, Aon, has named veteran Aon leader, Lambros Lambrou as Global Chief Executive Officer (CEO) of its Commercial Risk Solutions division. According to the broker, this appointment is another significant step to realise the full potential of its Aon United growth strategy. Lambrou replaces Mike O'Connor as CEO ... Read the full article
Willis Towers Watson reports organic revenue growth
8th February 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) recorded revenue growth of 3% for the fourth-quarter and 5% for the full-year of 2018, driven in part by solid organic growth within its Investment, Risk & Reinsurance segment. The broker has reported Q4 net income of $169 million, down from the ... Read the full article
RFIB adds Stanoch as Managing Director of Americas
7th February 2019
International re/insurance broker RFIB Group has announced the appointment of Joseph Stanoch as a Managing Director of RFIB Americas, effective immediately. Stanoch, who joins with over 35 years’ experience in the reinsurance industry, will be based in the company’s Minneapolis office and report to Nick Foden-Pattinson, RFIB Group’s Managing Director of ... Read the full article
Ed names Laura Skaanild Client Director, Professional & Executive Risk
7th February 2019
Reinsurance broker Ed has appointed Laura Skaanild as Client Director, Professional and Executive Risk, reporting to Paul Richards, Managing Director of the division. She brings 18 years of legal and insurance experience, and will be tasked with managing and developing the broker's client base in the financial and professional services sector ... Read the full article
Further rate strengthening expected in U.S. commercial auto sector: JLT Re
5th February 2019
JLT Re (North America), a division of the reinsurance arm of global brokerage JLT Group, is anticipating further rate strengthening in the U.S. commercial auto sector in 2019 and through 2020. The broker recently published its Commercial Auto Market Briefing, a new report which analyses both accident frequency and severity, corrective ... Read the full article
Aon partners with insurtech firm to streamline claims process
5th February 2019
Global insurance and reinsurance broker Aon has entered into a new strategic alliance with insurtech firm Claim Central to digitize and streamline its claim management capabilities. The collaboration aims to enhance the customer experience using technology and services developed specifically for property and casualty (P&C) insurance companies. Claim Central will also open ... Read the full article
RFIB adds to African operations, opens new headquarters
4th February 2019
International re/insurance broker RFIB Group has announced two new additions to its African operations as well as the opening of new offices in Johannesburg. Fhumulani Munzhedzi joins as Head of Facultative for Africa and is reunited with Lee Ellis, Chief Executive Officer - RFIB Africa and Neesha Parbhoo, Director - RFIB ... Read the full article
Ryan Specialty seals Boston Insurance purchase
1st February 2019
Chicago-based Ryan Specialty Group, having announced the purchase of independent wholesale insurance brokerage Boston Insurance Specialists (BIS) last week for an undisclosed fee, has completed the deal. A family owned business started in 2001 and led by founders Debbie Murphy and Peggy Giancola, BIS’ specialty product solutions include Property, Casualty, Professional ... Read the full article
Aon reports strong organic growth across business segments in Q4
1st February 2019
Global insurance and reinsurance broker Aon saw its total revenue increase to $10.8 billion for the full-year 2018, which includes 5% of organic revenue growth. The global re/insurance brokerage has announced its results for the fourth-quarter and full-year 2018. Concerning revenues, the broker states that total revenues for Q4 increased 3% ... Read the full article
Willis Re bolsters Australia division with senior appointments
1st February 2019
Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has announced some leadership changes within its Australia division, including the appointment of John Philipsz as Deputy Chief Executive Officer (CEO) of Willis Re Australia, effective immediately. Philipsz will be based in Sydney, and will continue to push the ... Read the full article
BGC Partners completes Ed acquisition
1st February 2019
Global broker and financial technology firm BGC Partners has completed its previously-announced acquisition of Ed, the re/insurance brokerage. The deal sees an expansion of BGC’s insurance division which was established last year after it acquired Besso Insurance Group Limited, a Lloyd’s of London broker with operations in the UK, Brazil and ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
