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.
JLT FAC bolsters global team with two new Senior Executives
26th June 2018
JLT FAC, JLT Re’s facultative reinsurance arm, has announced the appointment of Nikki Melbourne and Joe Vitale as Senior Executives to its London and U.S. teams respectively. Melbourne joins the firm as Partner. She most recently served as Senior Underwriter at RSA and had previously worked as an underwriter at Allianz ... Read the full article
Marsh expands Texas operations with Wortham Insurance acquisition
25th June 2018
Global insurance and reinsurance broker Marsh has announced that it will acquire Houston-based independent insurance brokerage, Wortham Insurance. An agreement has now been reached between the two companies and the deal is expected to close in the third-quarter of this year, although terms of the transaction were not disclosed. Wortham has over ... Read the full article
Parametric re/insurance potential in commercial risks highlighted
21st June 2018
A new report from Airmic in collaboration with reinsurance giant Swiss Re's commercial insurance arm and insurance and reinsurance brokerage Marsh, highlights the potential for parametric re/insurance solutions to become more mainstream in the commercial space. Parametric insurance remains more common place in the alternative reinsurance, or insurance-linked securities (ILS) sector, ... Read the full article
Willis Towers Watson announces £85mn pension scheme buy-in deal
21st June 2018
Willis Towers Watson has announced a two-tranche, £85 million buy-in deal for the Aliaxis UK Defined Benefit Pension Scheme by London-headquartered Just Group. Willis Towers Watson advised the Trustees of Aliaxis UK on the buy-in transaction structured across two tranches of pensions in payment. The initial tranche, worth approximately £35 million, was ... Read the full article
Grahame Chilton to return to Capsicum Re
21st June 2018
Global specialist reinsurance broker Capsicum Re has announced that Grahame Chilton is set to rejoin the company later this year after leaving his positions at Arthur J. Gallagher & Co. (Gallagher). Gallagher announced earlier this week that Chilton was leaving his role as head of its UK-based brokerage and underwriting unit, ... Read the full article
Aon launches significantly updated Thai flood modeling system
20th June 2018
Aon has announced significant updates and readjustments to its Thailand flood catastrophe model in an attempt to improve understanding of the peril and help "insurers increase resilience for businesses and communities." Aon highlights Thailand’s increasing exposure to frequent floods as a result of its growing population and economy. The region was ... Read the full article
BMS to expand into Turkey and surrounding areas via new partnership
20th June 2018
BMS Group Limited, the independent specialist insurance and reinsurance broker, has entered into a tied representative agreement with Turkish specialist re/insurance broker Rönesans Reasürans ve Sigorta Brokerlik A.Ş. (Rönesans). The agreement will see the parties develop a joint marketing plan for Turkey, as well as offering jointly-branded products to clients in Turkey. Rönesans ... Read the full article
Lockton promotes Giblin to replace Skeen as President of San Diego unit
19th June 2018
Insurance broker Lockton has announced the promotion of Sallie Giblin as President of its San Diego operations, succeeding Jim Skeen, the founding President of the company's San Diego office. Giblin has been with Lockton for 12 years in a client relationship position, and her new role will see her lead a team of ... Read the full article
Chilton to step down as Gallagher UK CEO, Matson to replace
18th June 2018
Insurance and reinsurance broker Arthur J. Gallagher & Co. (Gallagher) has announced that head of its UK-based brokerage and underwriting unit, Grahame Chilton, is to step down from his role as Chief Executive Officer (CEO) later in 2018, and will be replaced by Simon Matson. Matson is currently the head of ... Read the full article
International Group announces new reinsurance broking arrangements
13th June 2018
The International Group of Protection & Indemnity Clubs has restructured the broking arrangements for its General Excess Loss and Hydra reinsurance programmes following the completion of its previous tender process in June 2018. London-headquartered Miller Insurance Services has been appointed flag broker for both programmes with Aon Benfield set to serve ... Read the full article
Price Forbes announces launch of reinsurance intermediary
13th June 2018
Specialist insurance brokerage Price Forbes & Partners, part of the Ardonagh Group, has announced the launch of new reinsurance intermediary Price Forbes Risk Solutions Ltd (PFRS), with the intention of strengthening and expanding the Group's broking expertise. PFRS will exist as a subsidiary operating within Ardonagh’s International & Speciality segment and ... Read the full article
LIIBA announces Azerbaijani broker as latest overseas member
13th June 2018
The London and International Insurance Brokers’ Association (LIIBA) has announced an Azerbaijan-based firm as its latest overseas member. Zaman Insurance and Reinsurance Brokers LLC is based in Azerbaijan’s capital Baku. The re/insurance broker is set to join businesses from Belgium, Cyprus, Greece, Hong Kong and Spain as members of the London-based representative ... Read the full article
Integro finalises acquisition of Lloyd’s broker Tysers & Co
11th June 2018
Integro Group Holdings, an international insurance brokerage and specialty risk management firm, has announced that its affiliate has successfully completed the acquisition of Hawkes Bay Holdings (HBH), the principal parent company of specialty Lloyd’s broker Tyser & Co. The parties will now begin the process of merging their UK wholesale and ... Read the full article
Cyber insurance premiums to dominate by 2021, says Aon
8th June 2018
By examining insurance purchased by corporate, public sector and not-for-profit organisations between 2013 and 2017, Aon Inpoint - Aon’s data, analytics, engagement and consulting team - has predicted that by 2021 the most rapid growth of premiums will be seen in cyber insurance products, with a global market worth estimated at ... Read the full article
Intermediaries can create win-win value chain opportunities: RFIB & RTG CEO
7th June 2018
The Chief Executive Officer (CEO) of insurance and reinsurance broker RFIB and its parent the Risk Transfer Group (RTG), Steven Beard, is confident in the firm's ability to create opportunities throughout the value chain as it looks to expand its presence and capabilities as an intermediary. As part of its strategy to ... Read the full article
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