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.
Burns & Wilcox partners with cyber security firm
21st November 2018
Burns & Wilcox, the North American wholesale insurance broker and underwriting manager, has announced a partnership with BreachAware, a London-based cyber security firm. The partnership will provide B&W customers with a proprietary risk mitigation tool that scans the web 24/7 and identifies compromised assets such as company email addresses, passwords, and ... Read the full article
Aon appoints Guy Carpenter’s Richard Jones as Exec Chairman, Reinsurance Solutions
21st November 2018
Re/insurance broker Aon has appointed Richard Jones as Executive Chairman of its Reinsurance Solutions business in Asia, effective May 2019. Jones most recently served as Chairman of Asia Pacific at Guy Carpenter, where he spent 31 years working across a variety of roles. His new, Singapore-based role, will see him take responsibility ... Read the full article
Broker usage of PPL is widening significantly: LIIBA CEO Croft
20th November 2018
Adoption of the London Market Group’s (LMG) Placing Platform Limited (PPL) has been widening significantly among re/insurance brokers, according to Christopher Croft, Chief Executive Officer (CEO) of the London & International Insurance Brokers’ Association (LIIBA). Croft noted that the number of brokers using PPL has increased by 25% over the last ... Read the full article
Willis Towers Watson appoints Senior Director for Consulting and Technology
20th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) has expanded its analytics and digital transformation team with the appointment of Iain Whittingham as a Senior Director in the company’s Insurance Consulting and Technology business. Whittingham joins WTW from FTI Consulting, where he most recently served as Managing Director for Global ... Read the full article
Willis Towers Watson launches cyber solution for airports
19th November 2018
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced the launch of a new innovative cyber solution for airports, called CyFly for Airports. The constantly evolving and growing cyber threat has seen cyber and digital risks become a top concern for the airports of today. In response, WTW has ... Read the full article
Australian life sector looks to reinsurance to ease pressure: Guy Carpenter
19th November 2018
The life insurance sector in Australia and New Zealand is increasingly looking to reinsurance as a strategic capital management tool to alleviate the pressure from regulatory requirements, shareholders, and foreign investment, according to a report from reinsurance broker Guy Carpenter. Matthew Rose, Managing Director at Guy Carpenter, noted that the underlying ... Read the full article
Willis Towers Watson opens new operations in Kazakhstan
16th November 2018
Global insurance and reinsurance broker Willis Towers Watson (WTW) is targeting market growth in Kazakhstan with the launch of a new operation to serve clients in the country. The broker had previously operated in Kazakhstan through a smaller representative office, but recent regulatory approval now allows it to conduct insurance and ... Read the full article
Willis Towers Watson welcomes IFRS 17 delay
15th November 2018
Global insurance and reinsurance broker Willis Towers Watson welcomes this week’s decision by the International Accounting Standards Board (IASB) to introduce a one-year deferral of the mandatory effective date for the International Financial Reporting Standards (IFRS17) to 1 January 2022. The new accounting standard had originally been planned for 1 ... Read the full article
Theresa May’s Brexit plan draws mixed reaction, market access still a concern
15th November 2018
Theresa May’s draft EU withdrawal agreement has drawn a mixed reaction from players in the broking and insurance sectors, with the matter of equivalence continuing to stir uncertainty and perpetuate passporting concerns for intermediaries. Christopher Croft, Chief Executive Officer of LIIBA said today in a statement that, while it is encouraging ... Read the full article
WTW launches claims benchmarking solution
15th November 2018
Global re/insurance broker Willis Towers Watson has announced the launch of Claim Metrics, a bespoke claims benchmarking solution for UK personal lines insurers. WTW says the service provides claims leaders with a tool for identifying performance improvements, as well as offering underwriters, pricing teams, actuaries and senior management vital insights into profitability ... Read the full article
BMS appoints Price Forbes’ Duncan Hayward as energy division Director
13th November 2018
Independent specialist re/insurance broker BMS Group Limited has announced the appointment of Duncan Hayward as a Director in its energy division, effective 2019. Hayward, who will lead the casualty initiative within the division, joins with 14 years’ experience in the insurance market, most recently serving as a Divisional Director at Price ... Read the full article
JLT Re Iberia launched after broker buys out Banca March partnership
13th November 2018
JLT Re, the reinsurance broking arm of JLT Group, has reinforced its connection with clients in the Latin America region with the launch of JLT Re Iberia through the acquisition of JLT March Re. Reinsurance broker JLT Re has further invested in its European platform with the launch of JLT Re ... Read the full article
Brown & Brown acquires Rodman Insurance Agency
13th November 2018
Insurance brokerage Brown & Brown, Inc. has announced that it has acquired substantially all of the assets of Rodman Insurance Agency, Inc., a specialist provider of property and casualty insurance solutions and services to the commercial sector. The deal was announced by Brown and Brown's Chief Acquisitions Officer, Scott Penny, and ... Read the full article
Alesco appoints Jonathan Smith Managing Partner, Energy
13th November 2018
Specialist insurance and risk management broker, Alesco Risk Management Services, has named Jonathan Smith as Managing Partner of Energy, effective November 12th 2019. He has 36 years of industry experience and joins the firm from broker RK Harrison, where he was most recently Executive Director - Head of Upstream, after joining ... Read the full article
Capsicum Re adds two to London property and specialty division
12th November 2018
Specialist reinsurance broker Capsicum Re has appointed Ed Le Flufy and Piers English to its London property and specialty division. Le Flufy joins Capsicum Re from BMS as a specialty broker focusing on cyber, and will now report to Ian Newman, Capsicum Re’s Global Head of Cyber. He has more than a ... Read the full article
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