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.
Guy Carpenter Q3 underlying revenue up 11%, MMC up 3% at $1.6bn
25th October 2018
Guy Carpenter, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, recorded $215 million of revenue in the third quarter, an 11% increase on an underlying basis, according to MMC's Q3 2018 results. For the nine months ended 30 September, Guy Carpenter's underlying revenue growth was 7%. Meanwhile, MMC's ... Read the full article
Pace of China re/insurance market likely to accelerate, says JLT Re
25th October 2018
The recent regulatory changes in China all points to a highly dynamic environment not just within the country's boarders but also in Asia-Pacific and globally, according to JLT Re’s Asia Pacific Chief Executive Officer, Jeremy Fox. In a report examining some of the more impactful changes seen in China, JLT Re ... Read the full article
New property cat reinsurance broker COIN Re launches in Florida
24th October 2018
Industry veteran Ted Blanch has launched a new reinsurance brokerage with a focus on the property catastrophe sector, called COIN Re, that aims to use a client-centric pricing and ownership model radically different from industry norms. The Florida-based broker claims that catastrophe reinsurance market economics have historically been tipped in favour ... Read the full article
Ed to utilise URS’ Risk Explorer modelling software
24th October 2018
Ed, the global reinsurance, wholesale and specialty brokerage, has licensed Ultimate Risk Solutions’ (URS) financial risk modelling software to help design bespoke risk mitigation solutions for its clients. The broker said that using URS’ Risk Explorer software will allow it model its clients’ portfolios and evaluate potential re/insurance structures more quickly ... Read the full article
Brown & Brown to acquire U.S broker Hays Companies
22nd October 2018
Brown & Brown, Inc. has announced that it has entered into an agreement to acquire Hays Companies, a broker that operates across 21 U.S states, for an undisclosed consideration. Headquartered in Minneapolis, Hays Companies has an annualised revenue of approximately $200 million and focuses on risk management, commercial insurance, employee benefits, ... Read the full article
RKH hires Dave Saxton amid alternative capital drive
22nd October 2018
RKH Reinsurance Brokers (RKH RB), part of the global Hyperion Insurance Group, has appointed Dave Saxton from Steadfast Re to its London operations, according to reports from our sister site, Artemis. The appointment will bring additional treaty, insurance-linked securities and collateralised broking expertise to RKH, and comes amid a wider ... Read the full article
London re/insurance broker Miller acquires Alston Gaylor and Co
22nd October 2018
London wholesale and specialist insurance and reinsurance broker, Miller Insurance Services (Miller), has announced the acquisition of independent broker Alston Gaylor and Co (AG), which is majority owned by Nelson Holdings Limited, for an undisclosed fee. The agreement demonstrates Miller's commitment to providing high level client service, while broadening the broker's ... Read the full article
Reinsurance products backed by alternative capital have become mainstream: WTW
22nd October 2018
End investors, Insurance Linked Securities (ILS) funds, and buyers – the three groups active in ILS – have mostly weathered last year’s substantial loss activity with a view that reinsurance products backed by alternative capital have become mainstream, according to a new survey by Willis Towers Watson. In fact, the 2017 ... Read the full article
Gallagher to acquire Portmore Insurance Brokers
18th October 2018
Gallagher, the global re/insurance brokerage and risk management services firm, has announced the acquisition of UK-based company Portmore Insurance Brokers for an undisclosed fee. Portmore was established in 2006 as a mid-market-focused commercial insurance broker offering tailored insurance programmes for a wide range of industry sectors, encompassing both private and public ... Read the full article
Aon establishes New Ventures Group, assigns leadership team
18th October 2018
Global insurance and reinsurance broker Aon has established a New Ventures Group and assigned a team of senior leaders to it, which includes the appointment of Tony Goland as Chief Innovation Officer, effective November 1. Aon said that the creation of the Group represented another significant step towards realising the goals ... Read the full article
“InsurTech is not one size fits all”, says Claude Yoder, Guy Carpenter
17th October 2018
The rise of advanced technology alongside a need throughout the insurance and reinsurance value chain to improve efficiency has created a bourgeoning InsurTech start-up trend, but it’s important to find the right InsurTech fit, according to Claude Yoder, Guy Carpenter. Traditionally, the insurance industry has been slow to adapt and modernise. ... Read the full article
José Manuel Fonseca appointed Chairman of Brokerslink
16th October 2018
Global broking business Brokerslink has appointed José Manuel Fonseca to replace Grégory Allard as chairman, who steps down after a two-year tenure. One of Brokerslink's original founders, Fonseca has overseen the successful transformation of the business from global network to international broker. He is also the Chief Executive Officer of MDS Group and ... Read the full article
RFIB Singapore appoints Simon McCrum as Managing Director, Asia Pacific
15th October 2018
RFIB Group Limited, the international Lloyd’s re/insurance broker, has announced the appointment of Simon McCrum as Managing Director, Asia Pacific at RFIB Singapore. McCrum takes up his position with immediate effect and will be reporting to Regional Head of Asia Pacific, Chris Bracegirdle. Subject to the appropriate regulatory/ministry approvals, he will be ... Read the full article
JLT FAC names Joe Ameruoso as Head of North America Construction Casualty
15th October 2018
JLT FAC, the facultative reinsurance division of broker JLT Re (North America) Inc., has announced the appointment of Joe Ameruoso as Head of North America Construction Casualty, Facultative. Ameruoso will be based in JLT FAC’s New York Office, and joins the company from Starr Indemnity & Liability Co in Primary Construction, ... Read the full article
Marsh gets key approval for JLT acquisition
15th October 2018
Marsh & McLennan Companies has been granted an early termination of the waiting period required for the completion of its previously-announced acquisition of Jardine Lloyd Thompson Group (JLT). Termination of the Hart-Scott-Rodino (HSR) waiting period effectively concludes the review of both the Federal Trade Commission (FTC) and Department of Justice ... Read the full article
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