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.
Willis Towers Watson develops geopolitical risk policy for cargo
21st September 2018
Insurance and reinsurance broker Willis Towers Watson has developed a new policy solution for the cargo market that provides protection for exposure to geopolitical risk. Cargo Undercover will minimise potential gaps in coverage and the likelihood of claims disputes, Willis Towers Watson said, as well as removing the need to establish ... Read the full article
Marsh appoints Alistair Fraser as CEO for UK Corporate
20th September 2018
Global insurance and reinsurance broker Marsh has appointed Alistair Fraser as Chief Executive Officer (CEO) of its UK Corporate division, replacing Joe Grogan who has been named as Chairman of Marsh Ireland. Fraser, who currently serves as CEO & President Director of Marsh Indonesia, will assume overall responsibility for Marsh’s Corporate ... Read the full article
InsurTech deal count up but investment volume down at Q2: Willis Towers Watson
20th September 2018
The second quarter of 2018 marked a record high for InsurTech deals as a total of 71 funding transactions took place, although the collective investment value of $579 million was down 20% against the prior quarter, according to re/insurance broker Willis Towers Watson. The broker’s Quarterly InsurTech Briefing, produced in collaboration ... Read the full article
Willis Towers Watson develops new multi-peril property loss modelling tool
19th September 2018
Insurance and reinsurance broker Willis Towers Watson has developed a new technology platform to help organisations analyse potential property losses, called Property Quantified. Set to be launched during the RIMS Canada 2018 Conference on September 23, the Property Quantified platform will enable clients analyse losses across a global portfolio and optimise ... Read the full article
Beach appoints Marsh’s Jonathan Tritton to London Wholesale Practice as SVP
19th September 2018
Reinsurance brokerage Beach & Associates has announced that Jonathan Tritton is to join its recently-formed London Wholesale Practice as a Senior Vice President in December. Tritton joins from Marsh, where he led the initiative to secure new products and coverage for Marsh & McLennan Agency, Marsh’s middle market retail network, as ... Read the full article
Willis Re reorganises Specialty broking business
19th September 2018
Willis Re Speciality has appointed Jonathan Marsh as Chairman and Printhan Sothinathan as Chief Strategy Officer as part of a restructure designed to provide better career development opportunities and improved clarity of roles and accountability. Graeme Moore will still lead the Willis Re Speciality business as Chief Executive Officer (CEO), while ... Read the full article
AFL acquires Zodiac MGA for undisclosed sum
19th September 2018
AFL Insurance Brokers, an Independent Lloyd’s broker, has acquired a majority stake in New Jersey-based Zodiac Insurance Services, for an undisclosed sum. Zodiac is a Lloyd’s managing general agent (MGA) underwriting in excess of $10 million casualty lines business in the U.S and specialises in professional, entertainment and event insurance. “Our acquisition ... Read the full article
Marsh & Mclennan acquires JLT for $5.6 billion
18th September 2018
Major mergers & acquisitions news breaking this morning, as it has been announced that broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) is to acquire Jardine Lloyd Thompson Group plc for $5.6 billion. The acquisition sees another of the mid-sized global insurance and reinsurance brokers going to a new ... Read the full article
BMS expands Energy division with four new hires
17th September 2018
Specialist insurance and reinsurance broker BMS Group Limited (BMS) has expanded its Energy division with the appointment of four new team members, who will join in January 2019 and report to James Chicken, Managing Director of Energy. Lynsey Green joins BMS from JLT, where she focused on North American Energy clients. ... Read the full article
Companies that don’t embrace change face irrelevancy: Ed CEO Steve Hearn
14th September 2018
Companies that fail to embrace new dynamics and “Continue to peddle the old model” will ultimately become redundant, says Steve Hearn, Chief Executive Officer of the London and global insurance and reinsurance brokerage, Ed. In a conversation at the Reinsurance Rendez-vous with Hearn and Kieran Angelini-Hurll, CEO of Reinsurance at Ed, ... Read the full article
AFL named as Trade SSA Insurance Partner
14th September 2018
Independent Lloyd’s broker AFL Insurance Brokers has been selected as the Insurance Partner for the online Trade SSA platform. The platform, which has attracted over 6,000 organisations from across sectors and industries, was launched to automatically connect users with buyers, suppliers and distributors throughout Africa and the UK. “Experience, trusted advice, innovation and ... Read the full article
Willis Towers Watson to work with Cloud Constellation satellite system
13th September 2018
Willis Towers Watson has announced that its space industry specialist division, Inspace, has been appointed as an exclusive risk advisory and insurance broker to Cloud Constellation Corporation and SpaceBelt, a system of eight low earth orbit satellites (LEO) that offer space-based secure data storage and services. The appointment will see Inspace ... Read the full article
U.S. commercial insurance prices up in Q2: Willis Towers Watson
12th September 2018
According to insurance and reinsurance broker Willis Towers Watson's Commercial Lines Insurance Pricing Survey, commercial insurance prices in the U.S. in Q2 2018 increased by almost 3%. The broker states that price changes of this level have not been reported for almost four years, with price changes for most lines being higher ... Read the full article
Tullett Prebon launches Insurance-linked note platform
11th September 2018
Tullett Prebon, part of TP ICAP Group, the world’s largest interdealer broker, has announced the launch of its Insurance Linked Notes (ILN) platform - a new issuance and trading platform initially featuring catastrophe industry-loss instruments that will be fully-securitised The company cites record levels of cat bond issuance and other Insurance-Linked Securities as ... Read the full article
Aon addresses silent cyber with $350m reinsurance solution
11th September 2018
Global re/insurance broker Aon has announced the launch of a new reinsurance solution, backed with $350 million capacity, designed to help carriers navigate the consequences of silent cyber. Silent cyber can occur when other types of insurance or reinsurance products fail to explicitly exclude cyber risks, which could result in an ... Read the full article