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.
Aon names Lambrou Chief Commercial Officer and CEO of Global Specialties
3rd May 2018
Aon plc has announced the appointment of Lambros Lambrou as Global Chief Commercial Officer and Chief Executive Officer (CEO) of Global Specialties for the firm’s commercial risk business. Lambros has over 30 years’ experience in the risk management industry, most of which has been spent working for Aon in various positions ... Read the full article
Breckenridge promotes Rinehart to Director of P&C operations
1st May 2018
Breckenridge Insurance Services, a U.S wholesale commercial re/insurance brokerage firm, has appointed Alex Rinehart as Director of its Property and Casualty (P&C) operations. In addition to his new responsibilities, Rinehart will also retain his position as a Senior Vice President (SVP) and Broker at Breckenridge. He will now be responsible for leading ... Read the full article
Market firming not consistent, but brokerage starts year positively: JLT
1st May 2018
While the reinsurance and specialty lines insurance markets have experienced a moderation or end to price reductions after the major losses of 2017, the pattern of firming rates is not consistent and restricted mainly to loss hit areas, according to JLT. Jardine Lloyd Thompson Group plc (JLT Group or JLT), ... Read the full article
JLT implements Club Vita and RiskFirst systems to model DB pension plans
30th April 2018
Insurance and reinsurance broker JLT has announced that it will become the first actuarial consultancy to apply Club Vita’s longevity analytics capabilities to defined benefit (DB) pension plans through RiskFirst’s PFaroe modelling system. DB clients at JLT will now be able to conveniently set best-estimate longevity assumptions and strengthen their decision-making ... Read the full article
Ed partners with InsurTech analytics firm SpatialKey
30th April 2018
Global re/insurance, wholesale, and specialty broker Ed has entered a partnership with SpatialKey, a geospatial data enrichment and analytics firm that provides solutions for the insurance and reinsurance industry. Ed believes the partnership will strengthen its data and analytics capabilities by allowing it to access SpatialKey’s advanced geospatial analytics technology. SpatialKey’s software ... Read the full article
Willis Re appoints Guy Carpenter’s Pinette as head of EMEA Life & Health
30th April 2018
Willis Re has appointed Guy Carpenter’s Franck Pinette as Managing Director of its Europe, Middle East, and Africa (EMEA) Life & Health practice. Pinette, who was most recently Chief Executive Officer (CEO) of European Life Reinsurance operations at Guy Carpenter, will now lead Willis Re’s development in the rapidly growing life ... Read the full article
Guy Carpenter promotes Fletcher to Chair, adds Morris as SVP in Bermuda
30th April 2018
Reinsurance brokerage Guy Carpenter has promoted its retrocessional leader John Fletcher to become the new Chairman of the firm’s Bermuda Operations and added a new Senior Vice President hire on the island. Fletcher has been with Guy Carpenter throughout his reinsurance broking career, having joined the firm in 1998. In his 30 ... Read the full article
Reinsurers continue to boost poor returns with reserve releases: Willis Re
27th April 2018
Reinsurance broker Willis Re has reported that reserve releases remained substantial over 2017, as reinsurers attempted to buoy net income and offset 2017 natural catastrophe losses with high prior year releases. The company’s April 2018 Reinsurance Market Report found that SUBSET constituents – companies it tracks that disclose catastrophe losses and ... Read the full article
Willis Towers Watson appoints heads of North America broking teams
25th April 2018
Willis Towers Watson, a global re/insurance advisory, broking and solutions company, has appointed Jim O’Connor as head of Specialties Broking, Jon Drummond as head of Casualty Broking, and Amelia Valz as head of Construction Professional Liability Broking, all for North America. These appointments are part of Willis Towers Watson’s ongoing investment ... Read the full article
Marsh and IBM to streamline proof of insurance with blockchain tech
25th April 2018
Insurance broker Marsh has announced a collaborative partnership with IBM, ACORD, and ISN, which will leverage blockchain technology to provide commercial solutions for proof of insurance. The companies believe blockchain technology will streamline the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors and ... Read the full article
RoEs & combined ratios weaken after a challenging year: Willis Re
24th April 2018
The reported return on equity (RoE) for the Willis Reinsurance Index declined from 8% at the end of 2016 to 3.4% at year-end 2017, as higher natural catastrophe losses and a rising expense ratio contributed to diminished profitability, underlined by a combined ratio of 104.8%, according to Willis Re. The reinsurance ... Read the full article
BMS expands new energy division with appointments of Divisional Directors
24th April 2018
BMS Group Limited, an independent specialist insurance and reinsurance broker, has appointed Kristina Juul and Richard Force as Divisional Directors in its energy broking division, which was launched in February 2018. Both Juul and Force will report to James Chicken, the newly appointed Managing Director of the energy division, who ... Read the full article
More reinsurance capital to deploy in spite of losses, reports Willis Re
23rd April 2018
Willis Re, the reinsurance arm of international broker Willis Towers Watson, has reported that shareholders' equity in 34 reinsurance firms tracked via the Willis Reinsurance Index increased to $371 billion at the end of 2017, with alternative capital increasing also, to $88 billion. The year-on-year growth in shareholders' equity of 7.8% ... Read the full article
Metabiota unveils Pathogen Sentiment Index & agreement with Munich Re, Marsh
20th April 2018
Epidemic risk modeller Metabiota has announced details of its Pathogen Sentiment Index, a tool that enables the estimation of public fear and behavioural change as a result of infectious disease outbreaks, and which is to be used to develop epidemic insurance solutions through an exclusive agreement with reinsurer Munich Re and ... Read the full article
Marsh develops new cyber suite for business interruption risks
19th April 2018
Re/insurance broker and risk management solutions firm Marsh has committed to addressing the growing threat of business interruption (BI) from cyber-attacks with the launch of a suite of new and enhanced risk analytics and insurance solutions. Demand for BI solutions has grown in response to high-profile cyber events like the WannaCry ... Read the full article