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.
AXA Liabilities Managers acquires Gothaer Re run-off portfolio
10th July 2018
AXA Liabilities Managers has acquired the reinsurance portfolio of Gothaer Group, which has been in run-off since Gothaer Re ceased trading in 2004. The deal was confirmed following approval by the German Federal Financial Supervisory Authority on June 26, with Guy Carpenter having supported Gothaer at all stages in the transaction process. Guy ... Read the full article
ACORD, Aon, and Beazley release new Cyber Data Breach Standard
9th July 2018
ACORD, the insurance and reinsurance industry data standards body, has collaborated with Aon and Beazley on the development of the ACORD Cyber Data Breach Standard, a new standard that aims to increase operational efficiency across the global re/insurance value chain. According to a 2017 ACORD survey, nearly 60% of re/insurers consider ... Read the full article
Reinsurance increasingly used for earnings protection and volatility reduction: Willis
9th July 2018
According to a survey by global insurance and reinsurance broker, Willis Towers Watson, insurers are increasingly leveraging reinsurance for earnings protection and volatility reduction. Driven by pressure from investors, the survey indicates that insurers are becoming less tolerant of missed earnings targets. Subsequently, they are moving to more sophisticated metrics, such ... Read the full article
UK brokers’ market share rises as digital channels engage SMEs
9th July 2018
Data analytics company GlobalData and ABI statistics have reported that UK brokers continue to dominate commercial re/insurance distribution, and grew to an estimated footprint of £1.33 billion over 2017 thanks to the prevalence of digital channels like price comparison websites. Despite the dominance of brokers in the UK market, 2016 marked ... Read the full article
Headwinds curb positive marine rating movement: Willis Re
5th July 2018
Abundant capital across the marine space and continued pressures from both attritional losses and 2017’s hurricane trio Harvey, Irma and Maria is curbing pressure for upwards rating movement, according to Willis Re in its latest 1st View report. Additionally, regional catastrophe loss experience and specialism-specific performance have influenced renewal terms in ... Read the full article
Willis appoints Jeremy Wall as Head of Global FINEX
5th July 2018
Global re/insurance broker Willis Towers Watson (WTW) has announced the appointment of Jeremy Wall as Head of Global FINEX. FINEX is part of WTW’s Corporate Risk and Broking division, and acts as the broker’s financial, executive and professional risk specialty group. “I am delighted to be able to appoint Jeremy as Head ... Read the full article
Ed appoints Souvik Goswarmi to lead MENA & India Treaty business
4th July 2018
Reinsurance broker Ed has appointed Souvik Goswarmi to its Dubai office to lead Treaty business across the Middle East and North Africa (MENA), as well as India and the Indian subcontinent. Goswarmi starts immediately and reports to Minesh Jani, Chief Executive Officer (CEO) of Ed’s operations across the MENA region. His ... Read the full article
Tokio Marine Kiln launches $100mn IP facility with Aon
3rd July 2018
Tokio Marine Kiln, a global provider of specialist and corporate re/insurance, has partnered with Aon and several other Lloyd’s syndicates in establishing a new $100 million intellectual property facility. Led by TMK the facility is to offer tailored cover for businesses of all sizes and will help protect against a wide ... Read the full article
AFL acquires majority stake in UK employer protection MGA
3rd July 2018
AFL Insurance Brokers Ltd, the independent Lloyd’s broker, has acquired a controlling stake in specialist employer protection Managing General Agency (MGA) Concordia Employment Services Limited, for an undisclosed sum. Based in London, Concordia has been supporting UK employers by managing risks and exposures related to workplace disputes since its launch in ... Read the full article
Brokerslink appoints first Director of Business Operations
3rd July 2018
Brokerslink, an international network of brokers, has announced the appointment of Anne Collette as Director of Business Operations, a newly-created role within the company aimed at strengthening its global presence. Working out of Brokerslink office in Porto, Portugal, Collette will be responsible for business operations globally including the management and co-ordination of ... Read the full article
Brokers relying on more granular data in challenging property market: AmWINS
3rd July 2018
Property market brokers are increasingly relying on more granular data and risk models to obtain better results as 2018's underwhelming pricing environment looks set to extend into the second half of the year, according to specialty insurer AmWINS. A report by the company observed that advanced risk modelling was leading to greater ... Read the full article
Florida leads price declines in disappointing mid-year renewals: Willis Re
2nd July 2018
Excess capital, the stabilisation of 2017 catastrophe loss estimates and benign loss activity so far in 2018 are driving a 'new normal' in property catastrophe reinsurance pricing, underlined by disappointing June/July property catastrophe renewals, according to Willis Re. The global reinsurance broker has released its latest 1st View renewals report, which ... Read the full article
Aon expands Intellectual Property offering with new insurance solution
28th June 2018
Aon has announced the introduction of a new Intellectual Property insurance solution, bolstering its current suite of integrated IP capabilities one month after acquiring IP firm 601West. “Considering the current environment, the importance of managing the value creation opportunity afforded by IP and the downside risk mitigation of IP has ... Read the full article
JLT Capital Markets completes placement of $45mn Oak Leaf Re cat bond
28th June 2018
Jardine Lloyd Thompson Capital Markets (JLTCM), an affiliate of reinsurance brokerage firm JLT Re (North America), has completed another private placement catastrophe bond, Oak Leaf Re 2018-1, which closed at $45.26 million. Oak Leaf Re 2018-1, which was sponsored by Southern Oak Insurance Company, is an Ultimate Net Loss (UNL) indemnity-based ... Read the full article
Mortgage reinsurance expected to expand beyond U.S market: Capsicum Re
26th June 2018
The mortgage reinsurance market looks set to expand worldwide following a robust resurgence in the U.S in recent years, according to specialist reinsurance broker Capsicum Re. The mortgage reinsurance market in the U.S has experienced a boom recently due to the rapid increase in reinsurers’ participation across new, innovative mortgage transactions, ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
