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.
The Hilb Group acquires Southern Maryland Insurance
25th July 2018
U.S insurance brokerage The Hilb Group (THG) has announced that it has acquired property/casualty (P&C) insurer Southern Maryland Insurance (SMI), effective July 1. Located in Bowie, MD, SMI primarily offers P&C insurance coverages to businesses throughout the Mid-Atlantic area. SMI's Managing Director, Ken Wyvill, and his associates will join THG's Mid-Atlantic operations ... Read the full article
Guy Carpenter names Head of Credit, Bond and Political Risk Practice
25th July 2018
Guy Carpenter & Company, LLC, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has promoted Gregory King-Underwood to Head of the Credit, Bond and Political Risk Practice of Guy Carpenter International, effective immediately. He succeeds outgoing practice leader John Orchard, who is leaving Guy Carpenter after 11 ... Read the full article
LIIBA urges members to plan for no-deal Brexit
25th July 2018
The London Insurance and International Brokers Association (LIIBA) has urged its members to consider how they will continue to service European Union (EU) clients’ needs in the event of a no-deal Brexit. EU-UK negotiations are in a precarious state of limbo following a widely-criticised exit strategy outlined in the government’s White ... Read the full article
REG UK implements BIBA’s standardised TOBA template across online platform
24th July 2018
REG UK, a Regtech solution that streamlines counterparty compliance checks and accelerates agency processes, is offering its clients the opportunity to issue The British Insurance Brokers’ Association's new standardised Terms Of Business Agreement electronically via its online agency management platform. BIBA’s new template is aimed at streamlining the TOBA exchange process, ... Read the full article
JLT Specialty expands European Cyber practice with four new hires
24th July 2018
JLT Specialty, the specialist insurance broker and risk consultant, has expanded its European Cyber practice with four new senior appointments in London and Stockholm. Monica Tigleanu joins the practice as a Partner from Beazley, where she served as an Underwriter for Cyber Risk. As a certified Information Privacy Professional, she is experienced ... Read the full article
Willis Towers Watson strengthens Facultative team in France
23rd July 2018
Willis Towers Watson (WTW) has announced that it has reinforced its existing Facultative (Fac) Reinsurance business in France by establishing an independent and dedicated team of three specialists based in Paris. The new Fac team will operate under the Gras Savoye Facultative brand as part of WTW's Global Fac business, and ... Read the full article
Rating agencies maintain divergent reinsurance sector outlooks: Aon
20th July 2018
Rating agencies continue to hold divergent outlooks for the global reinsurance sector, with prolonged market softening and 2017 catastrophe losses driving down profits, while the sector's capital adequacy remains very strong in 2018, reports global insurance and reinsurance broker, Aon. Both A.M. Best and Fitch hold a negative outlook for the ... Read the full article
THB promotes Ricardo Borges to head of European Division
19th July 2018
THB, a specialist insurance and reinsurance broker, has appointed Ricardo Borges as Managing Director of its Amsterdam-based European Division. He will succeed former co-Managing Directors Paul Lindeboom and Joaquim Caria. Lindeboom is set to retire from his post on 31 July, while Caria will step down as Executive Director but continue ... Read the full article
Prestige secures multi-million pound investment from Capital Z
19th July 2018
Prestige Insurance Holdings, the parent company of Northern Ireland’s largest privately owned broker, Abbey Insurance, has secured a multi-million pound investment by global equity firm Capital Z Partners Management. The deal, for an undisclosed sum, will see Capital Z acquire the shares of a number of retiring shareholders of Prestige. Prestige’s Founder ... Read the full article
Willis extends CEO John Haley’s contract to 2021
19th July 2018
Global re/insurance broker Willis Towers Watson has extended the contract of its long-serving Chief Executive Officer (CEO), John Haley, until January 1, 2021. “We are pleased to retain John Haley’s leadership as CEO of Willis Towers Watson,” said James McCann, chairman of the Board, Willis Towers Watson. “Over the last several years, ... Read the full article
Guy Carpenter names President & Head of South East Asia and Korea
19th July 2018
Reinsurance broker Guy Carpenter has named Bengt Johnsen as President and Head of the South East Asia and Korea (SEAK) region, succeeding Richard Jones, who was promoted to ... Read the full article
Ian Curtin joins Miller from Marsh as Head of Energy Construction team
18th July 2018
Insurance and reinsurance broker Miller has appointed Ian Curtin as Head of its Energy Construction team to bring expertise in oil and gas re/insurance to clients globally. Curtin has decades of experience in various areas of the energy world and joins Miller from Marsh, where he served as Global Head of ... Read the full article
Guy Carpenter announces launch of InsurTech Alliance
18th July 2018
Guy Carpenter & Company, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has announced the launch of InsurTech Alliance, a new insurer-focused suite of capabilities designed to help carriers understand and exploit the data and analytics-driven innovations emerging from InsurTech. The announcement sees Guy Carpenter look to ... Read the full article
Ethos appoints Kevin Mooney as SVP and Head of SME, Casualty
18th July 2018
New York-based MGA Ethos Specialty Insurance Services, part of Ascot Group, has announced the appointment of Kevin Mooney as Senior Vice President (SVP) and Head of Small Medium Enterprise (SME), Casualty. Mooney will be reporting to Rory Cline, Ethos’ Chief Underwriting Officer, and will focus on developing excess casualty products for ... Read the full article
Arthur J. Gallagher & Co. acquires The Jack Nebel Companies, Inc.
18th July 2018
U.S. global insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has announced the acquisition of wholesale commercial insurance broker and MGA, The Jack Nebel Companies, Inc. Based in North Barrington, Illinois, Jack Nebel serves independent retail agents and brokers across the Midwestern United States. The firm offers a ... Read the full article
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