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.
BMS adds George Bowring and Kian Wookey to Bermuda team
17th December 2018
Independent specialist re/insurance broker BMS Group has expanded its Bermuda market operations with the appointments of George Bowring from Price Forbes and Kian Wookey from JLT. The new hires come as part of a build out of BMS’s Bermuda operations and will focus on North American liability and property, respectively. Bowring most ... Read the full article
TigerRisk to adopt AIR’s cyber risk modelling platform
14th December 2018
Reinsurance brokerage, risk and capital strategic advisory firm TigerRisk Partners LLC has announced that it plans to adopt catastrophe risk modeller AIR Worldwide’s cyber risk analytics platform, ARC. TigerRisk intends to grow its cyber risk reinsurance offering using the platform, which is designed to inform risk selection, pricing, portfolio management and ... Read the full article
WTW adds Bill Creedon as Construction Industry leader, North America
14th December 2018
Global re/insurance broker Willis Towers Watson has announced the appointment of Bill Creedon as Construction Industry leader, North America, within its Corporate Risk and Broking segment. Creedon holds 30 years’ experience in the insurance and construction risk industry and has previously spent 20 years with WTW in a range of national ... Read the full article
Steady rise in PPL adoption among brokers, finds LIIBA
14th December 2018
Adoption of the London Market Group’s (LMG) Placing Platform Limited (PPL) has increased significantly among brokers over 2018, according to new data from the Board of the London and International Insurance Brokers Association (LIIBA). The number of risks bound by brokers on the electronic placing platform rose by around 350% over ... Read the full article
Bulk annuities to reach £30bn in 2019: Willis Towers Watson
13th December 2018
The bulk annuity market in 2019 is set to show further strong growth, with deals expected to top £30 billion over the course of the year, according to Willis Towers Watson. Key themes the firm has said to look out for in 2019 include a doubling to over £10 billion in ... Read the full article
U.S commercial insurance prices continue to rise over Q3, finds WTW
12th December 2018
Commercial insurance prices in the U.S increased by 2% over the third quarter of 2018, according to re/insurance broker Willis Towers Watson’s (WTW) Commercial Lines Insurance Pricing Survey (CLIPS). The survey established that prices rose materially in commercial auto, commercial property and excess/umbrella liability for a second consecutive quarter. Price changes ... Read the full article
COIN Re appoints Andy Crichton as Executive Vice President
11th December 2018
Property catastrophe-focused reinsurance broker COIN Re has announced the appointment of Andy Crichton as Executive Vice President, effective 7 December 2018. Crichton will be based in London and will manage COIN Re’s reinsurance marketing and placement strategy. “We are delighted to have Andy on board,” said COIN Re Chief Executive Officer Ted ... Read the full article
WTW launches latest version of Radar software platform
11th December 2018
Willis Towers Watson has announced the launch of the latest version of its Radar software, a platform of products for property and casualty (P&C) insurer pricing teams, including actuaries and underwriters. WTW says Radar 4.2 gives insurers a future-proofed solution designed to achieve agile, sophisticated pricing, and a new level of ... Read the full article
WTW makes senior appointments to London Market P&C arm
11th December 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has announced the appointments of Tom Rowley as Senior Vice President (SVP) for North American Property and Matt Harvey as SVP for International Property. Both appointments will sit within the Property & Casualty (P&C) Centre of Excellence (CoE), which is responsible for ... Read the full article
Blackstone leads $2bn investment in Acrisure
11th December 2018
U.S investment giant Blackstone has led a $2 billion investment in U.S. insurance broker Acrisure via funds managed by its GSO Capital Partners and Tactical Opportunities businesses. The group of investors led by Blackstone also consisted of Partners Group and Harvest Partners SCF. Acrisure remains over 83% owned by its own management ... Read the full article
Artex’s Malta PCC offers UK brokers no-deal Brexit alternative
10th December 2018
As the UK’s exit from the European Union continues to stir uncertainty throughout the financial sector, Artex Risk Solutions hopes to provide small-to-medium sized brokers with a relatively low-cost and convenient way of continuing operations on the continent with the formation of a Malta-based Protected Cell Company (PCC). Theresa May’s draft ... Read the full article
RFIB hires Kevin Stratton from Willis Re to lead specialty broking
10th December 2018
RFIB Group Limited, the international and Lloyd’s re/insurance broker, has announced the hiring of Kevin Stratton to lead its specialty business as Managing Director. Stratton joins RFIB as of January 1st 2019, taking on the role of Managing Director of its recently restructured Specialty business and reporting directly to the CEO, ... Read the full article
New data shows Willis Towers Watson PPL push
10th December 2018
The risk advisory and broking firm Willis Towers Watson has revealed that, during Q3 2018, over 57% of eligible risks were placed through the London Market Group’s (LMG) Placing Platform Limited (PPL) across all lines of business, with certain lines of business regularly exceeding 75% of eligible risks. PPL is a ... Read the full article
Ed appoints new London CEO as Hearn named head of BGC’s insurance division
10th December 2018
Global reinsurance, wholesale and specialty broker, Ed, has appointed Andrew Draycott Chief Executive Officer (CEO) designate of Ed Broking in London, with current Group CEO of Ed Broking, Steve Hearn, set to become the new head of BGC Partners' insurance division. Draycott's appointment remains subject to regulatory approvals and he is ... Read the full article
Ed Broking plans to open Bermuda office in 2019
10th December 2018
Ed Broking, the globally active reinsurance, wholesale and specialty insurance broker, is planning to open its first office in Bermuda in 2019, the latest expansion for the firm. Ed Broking is already active across Europe, Asia and the United States, with offices in London, Hong Kong, Beijing, Shanghai, Singapore, Dubai, Paris, ... Read the full article
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