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 and RPC Consulting partner on reinsurance analytics platform
22nd August 2018
Guy Carpenter & Company LLC, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has entered into a multi-year strategic partnership with Reynolds Porter Chamberlain Consulting LLP (RPCC) to license and develop applications for RPCC’s Tyche analytics software. As part of the arrangement, Guy Carpenter will have exclusive ... Read the full article
Aon has advanced plans for post-Brexit EU hub
21st August 2018
Insurance and reinsurance broker Aon has advanced plans to establish a new European hub outside of the UK to ensure continuity for its clients post-Brexit, if necessary. The re/insurer broker has underlined the significant challenge the ongoing uncertainty surrounding the outcome of Brexit poses for everyone, stating that the prospect of ... Read the full article
Aon names Brian Wanat Chief Broking Officer, U.S. Commercial Risk Solutions
17th August 2018
Insurance and reinsurance broker Aon has announced the appointment of Brian Wanat to the position of Chief Broking Officer of U.S Commercial Risk Solutions. Wanat will report to Aon’s Chief Executive for U.S Retail, Lori Goltermann, and his management responsibilities will span across the Financial Services Group, National Property, National Casualty, ... Read the full article
Capsicum Re appoints Cyber Broker and Wordings Director
16th August 2018
Specialist reinsurance broker Capsicum Re has announced the appointment of Jasper Goring as a Cyber Broker and Prab Naidu as Wordings Director within its cyber division. Goring joins Capsicum Re from Paragon International Insurance Brokers, where he most recently served as Senior Vice President and focused on cyber business in the ... Read the full article
Marsh develops new professional indemnity solution for UK law firms
15th August 2018
Global re/insurance broker Marsh has launched a new insurance solution designed to help small and mid-sized law firms in England and Wales manage their professional indemnity (PI) risks. Available exclusively to Marsh clients, the solution uses analytics and independent performance data to model a firm's individual risk profile and provide tailored ... Read the full article
2018 set to be record year for pension de-risking: Willis Towers Watson
14th August 2018
2018 is on course to be a record year for buy-in, buyout, and longevity swap transactions by defined benefit pension funds, with more than £10 billion of transactions having already been completed at the end of June, according to a report by re/insurance broker Willis Towers Watson (WTW). The total value ... Read the full article
Global reinsurer capital up 1% in Q1: Aon
13th August 2018
Global, dedicated reinsurance capital increased by 1% during the first three months of 2018 from the end of 2017, to $610 billion, driven by the continued expansion of the alternative reinsurance capital space, according to Aon. Insurance and reinsurance broker, Aon, has revealed that during the first-quarter of 2018, traditional reinsurance ... Read the full article
London Market’s electronic placing platform exceeds Q1 targets
13th August 2018
The Board of the London Market Group's (LMG) Placing Platform Limited (PPL), an electronic placing platform created in July 2016 with the aim of increasing LMG efficiencies, has announced it's exceeded its Q1 2018 adoption targets. Syndicates accepted 16.3% of risks through electronic placement, higher than the 10% target. The highest ... Read the full article
Marsh appoints new Client Advisory Services leaders for UK and International
13th August 2018
Insurance and reinsurance broker Marsh has appointed Giampaolo Scarso to the newly created role of Client Advisory Services (CAS) Leader for its International division and Charlie Netherton as CAS Leader for UK & Ireland. CAS is focused on delivering strategic advisory services, and includes Marsh’s global risk consulting, analytics, captive management, ... Read the full article
Gallagher adds Julie Scott to UK construction division
9th August 2018
Gallagher, the global re/insurance brokerage and risk management services firm, has expanded its specialist UK construction division with the appointment of Julie Scott, who joins the company with immediate effect to focus on business development in the UK construction market. Scott brings more than three decades of experience in the wider ... Read the full article
Global insurance pricing up again in Q2: Marsh
8th August 2018
Insurance and reinsurance broker Marsh's latest Global Insurance Market Index, reveals that global commercial insurance rates increased, on average, for the third consecutive quarter in the second-quarter of 2018, with property and financial and professional (FinPro) lines driving increases, once again. Marsh notes that overall, the global insurance market remained stable ... Read the full article
JLT Specialty hires Nigel Somerville as Head of Risk Consulting for Europe
7th August 2018
JLT Specialty, a division of global insurance and reinsurance broker JLT Group, has appointed Nigel Somerville as Head of Risk Consulting for Europe. Somerville will be tasked with driving JLT Specialty’s value proposition in risk advisory and consultancy areas across Europe, and will work closely with JLT’s global consulting leadership to ... Read the full article
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
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