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.
BIBA partners with Tokio Marine Kiln on new drone insurance scheme
7th August 2018
The British Insurance Brokers’ Association (BIBA) has partnered with specialist and corporate insurer Tokio Marine Kiln (TMK) to launch a new drone insurance scheme. The Lloyd’s-backed scheme offers coverage for companies operating drones for either commercial or business purposes and is available via a digital platform that enables brokers to quote ... Read the full article
Companies underestimate rising intellectual property losses: WTW
6th August 2018
Multinational companies are falling short in managing the financial impact of their intellectual property (IP) risks as global trends point towards an increase in the frequency and severity of IP litigation, according to a new report by broker Willis Towers Watson (WTW). WTW attributed the cause of rising IP litigation costs ... Read the full article
Arcus 1856 appoints new Managing Director and COO
2nd August 2018
Reinsurance underwriter Arcus Syndicate 1856 has announced the dual appointment of Adrian Gfeller to the role of Managing Director and Gary Delaney as Head of Operations, effective August 1. Gfeller has served as Chief Risk Officer at Arcus since its launch in 2015 and brings over a decade of experience to ... Read the full article
THB appoints Ko Bertelkamp as Operations Director of European business
2nd August 2018
Specialist re/insurance broker, THB, has appointed Ko Bertelkamp as Operations Director of its European business, effective immediately. Bertelkamp will be based in Amsterdam and report to Ricardo Borges, Managing Director, THB Europe. This follows the recent THB Europe leadership transition, with Ricardo Borges becoming Managing Director as Paul Lindeboom retires and Joaquim ... Read the full article
Marsh completes purchase of Wortham Insurance
2nd August 2018
Global insurance and reinsurance broker Marsh has completed its previously announced acquisition of Houston-based independent insurance brokerage Wortham Insurance. Marsh originally announced in June 2018 that it planned to acquire the Texan broker, which has 530 colleagues based across its offices in Austin, Dallas, Fort Worth, Houston, and San Antonio, ... Read the full article
Ryan Specialty Group acquires ARC Specialty Brokerage assets
1st August 2018
Ryan Specialty Group (RSG) is to buy certain assets of ARC Specialty Brokerage, the property/casualty (P&C) division of wholesale insurance broker ARC Excess & Surplus. Terms of the transaction were not disclosed. ARC Specialty’s Mike Vollaro, a wholesale brokerage professional and specialist in New York construction, will join RT Specialty, the wholesale ... Read the full article
THB appoints two Business Development managers to UK team
1st August 2018
Specialist re/insurance broker THB has announced the appointment of Chris Fozard and James Harris as Business Development Managers to its UK regional sales team, effective immediately. Fozard brings over 20 years’ experience to the role and joins from MS Amlin where he held the role of Senior Development Underwriter since 2015 Harris ... Read the full article
Ed appoints Patrick Jordan as Divisional Director of Marine
31st July 2018
Ed, the global reinsurance speciality broker, has announced the appointment of Patrick Jordan as Divisional Director of Marine to its London office. Jordan’s appointment is effective immediately and will see him reporting to Heather Clarkson, Managing Director of Marine. “Patrick is a fantastic addition to the team, with longstanding and extensive experience ... Read the full article
Aviation market to remain stable through 2018: JLT Specialty
30th July 2018
JLT Specialty, a division of global insurance and reinsurance broker JLT Group, has noted continued underwriting discipline in the aviation insurance market so far in 2018, a trend that supports upwards pricing pressure during renewals in a relatively stable marketplace. After the analysis of second-quarter 2018 market conditions, as well as ... Read the full article
Cybersecurity liability primary concern among U.S. D&Os: Willis
30th July 2018
Cybersecurity liability emerged as the biggest perceived risk in the coming year (80%) among U.S. directors and officers (D&O) surveyed by Willis Towers Watson, ahead of claims by employees (55%), and regulatory and enforcement (48%). 55% of respondents said that their organisation had experienced a lawsuit or demand by a current ... Read the full article
Ethos enters partnership with Munich Re and Assurity Life
30th July 2018
Ethos, the specialty wholesale life insurance broker, has announced that it is partnering with Munich Re on the provision of reinsurance services, and is working with Assurity Life Insurance, a mutual insurance organisation, as its underwriting partner. The partnerships will enable Ethos to better deliver its digital life insurance solutions to ... Read the full article
Gallagher eyes UK expansion, recruits Marsh duo to Manchester team
30th July 2018
Gallagher has bolstered its Manchester-based team with the hiring of Colin Cunningham and Rachel Smailes, two long-serving employees of rival-firm Marsh, as it looks to expand its Trade Credit & Surety Practice across the North of the UK. Cunningham, who brings 28 years’ experience, has been appointed to the UK-wide role ... Read the full article
Brexit contract continuity issues must be resolved: LIIBA CEO
27th July 2018
Christopher Croft, Chief Executive Officer (CEO) of The London Insurance and International Brokers Association’s (LIIBA) has criticised the Brexit strategy outlined in the recently-released white paper, stating that the government “has not reflected the strong feedback from our industry.” Croft aimed his comments predominantly at the decision not to ... Read the full article
Burns & Wilcox hires Jeffrey Cunningham as Environmental Insurance broker
26th July 2018
Burns & Wilcox, the North American wholesale insurance broker and underwriting manager, has appointed Jeffrey R. Cunningham as a Senior Broker for Environmental Insurance in its New York City office. He will be tasked with continuing to expand the company’s Environmental Insurance practice, and will report to Anna Kodryanu, Associate Managing ... Read the full article
JLT CEO says broker is preparing for a no-deal Brexit: Reuters
26th July 2018
The Chief Executive Officer (CEO) of global insurance and reinsurance broker JLT Group, Dominic Burke, has reportedly told Reuters that the firm is "working on a position of a no-deal Brexit." Exactly what the UK's vote to leave the European Union (EU) means for the country and its financial services industry ... Read the full article