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.
Gallagher promotes Steve Kluting within Food & Agribusiness Practice Group
7th September 2018
Gallagher has announced that it has promoted Steve Kluting to national director of product recall, within its Food & Agribusiness Practice Group. Kluting joined Gallagher in 2014, and has 18 years of experience as a "food lawyer", says Gallagher. He helps the firm's food, beverage and restaurant clients prepare for food ... Read the full article
Occam adds Alan Punter to Board as Non-Exec Director
7th September 2018
Specialty Lloyd’s of London managing general agent (MGA), Occam Underwriting, has added Dr Alan Punter to its Board as a Non-Executive Director. Punter worked for 25 years in global insurance broking groups Sedgwick, Alexander & Alexander and then Aon, where he was Managing Director in the Chairman's Office, and Chief Executive ... Read the full article
JLT Re hires Aon’s Vijay Mavani as Partner for Capital Solutions
6th September 2018
Reinsurance broker JLT Re has announced that Aon Benfield’s Vijay Mavani will be joining the firm as a Partner for its European and Global Capital Solutions business, starting in early 2019. Mavani has spent the previous 17 years at Aon Benfield, where he most recently served as Corporate Solutions Director. He ... Read the full article
THB appoints Matthew Gould as Senior Broker for aviation team
5th September 2018
Specialist re/insurance broker, THB, has appointed Matthew Gould as Senior Broker for its aviation team, effective immediately. He will report to Tom Thompson, THB’s Director of aviation. This announcement follows the new multi-sector UK strategy announced last week by Darren Nightingale, Chief Executive Officer of THB MET, which encompasses the Lloyd’s ... Read the full article
General Atlantic’s Verivox acquires digital broker unit of Getsafe InsurTech
5th September 2018
Verivox, the co-owned price comparison site of equity firm General Atlantic, has acquired the insurance broking unit of Getsafe, a German InsurTech start-up backed by Munich Re. Integrating Getsafe’s technology will allow over 8 million Verivox customers to manage all of their insurance policies on Getsafe’s web or mobile app, the ... Read the full article
Capsicum Re partners with AIR Worldwide on silent cyber risk models
5th September 2018
Specialist reinsurance broker Capsicum Re has announced that it is collaborating with AIR Worldwide, the catastrophe risk modelling arm of Verisk Analytics, in order to enhance the re/insurance industry’s modelling of silent cyber incidents. As part of the arrangement, Capsicum Re has also adopted AIR’s cyber modelling and analytics platform, ARC, ... Read the full article
Ed expands actuarial team with hires from Argo and AmTrust
5th September 2018
Global reinsurance brokerage, Ed, has hired James Francis from Argo Group and Laura Baird from AmTrust to its actuarial team. Francis brings more than ten years of industry experience to the role, with a focus on capital modelling, reinsurance analytics, as well as expertise in merger and acquisitions (M&A) and Solvency ... Read the full article
JLT Re appoints Jamie Pocock to lead Cyber Analytics team
4th September 2018
JLT Re, the reinsurance broking arm of global brokerage JLT Group, has promoted Jamie Pocock to Head of Cyber Analytics. Pocock joined the firm in 2010 and has spent the past four years working within JLT Re’s Analytics Actuarial team. “In his new role, Jamie will oversee our various cyber analytical efforts ... Read the full article
Guy Carpenter hires Shaun Sinniah as Head of Strategy & Client Engagement
4th September 2018
Guy Carpenter & Company, LLC, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has appointed Shaun Sinniah as Head of Strategy and Client Engagement for the firm’s International and Global Specialties divisions, effective from October. Sinniah joins Guy Carpenter from Willis Re, where he most recently served ... Read the full article
JLT Re warns of inflection point as re/insurers accelerate reserve releases
3rd September 2018
JLT Re, the reinsurance broking arm of global brokerage JLT Group, has described the recent reserving practices of some insurers and reinsurers as somewhat aggressive, noting that some companies are accelerating their releases in certain business lines. While much of the marketplace focuses on the property catastrophe losses of 2017 as ... Read the full article
“Conditions are right” to buy more catastrophe reinsurance: JLT Re’s Ed Hochberg
31st August 2018
Ed Hochberg, Chief Executive Officer (CEO) of JLT Re in North America, has suggested that primary insurers are increasingly understanding the value of reinsurance following 2017’s catastrophe losses, and claimed that the “conditions are right” for them to buy more cover. “It’s clear that primary insurers increasingly recognise the valuable role ... Read the full article
Aon promotes two to strengthen cyber reinsurance business
30th August 2018
Global re/insurance broker Aon has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions (RS) unit to bolster its suite of cyber solutions for insurers. Mulligan has been appointed Global Head of Cyber and will be responsible for setting strategy, driving growth, building the team and working closely with Aon’s ... Read the full article
Marsh names Andrew Hickman as Head of Data Science
29th August 2018
Global insurance and reinsurance broker Marsh has appointed Andrew Hickman to the newly created role of Global Head of Data Science within its broader Digital, Data, and Analytics Practice. Hickman will now be responsible for advancing Marsh’s risk modelling and actuarial capabilities to drive new client solutions, building external data and ... Read the full article
THB names Declan Durkan as Head of UK Risk Solutions business
29th August 2018
THB, the specialist insurance and reinsurance broker, has announced the appointment of Declan Durkan as Managing Director of THB UK Risk Solutions, the company’s wholesale broking operation that places UK risks on behalf of 1,300 brokers. Durkan joined THB in 2017 as Commercial Placement Director, before which he held a variety ... Read the full article
Lloyd’s reviewing under-performing members of marine unit, reports WSJ
28th August 2018
Lloyd’s of London is in the process of reviewing underperforming members of its marine unit, with brokers telling the Wall Street Journal that hull premiums may need to double to make them sustainable. The review follows a £2 billion loss across the market in 2017 compared to a pre-tax profit of ... Read the full article
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