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.
Aon becomes first broker to sign up to UN’s Principles for Sustainable Insurance
6th June 2018
Aon has become the first risk advisor and broker to sign up to the United Nation's Principles for Sustainable Insurance (PSI), which were created to serve as an international framework and initiative for the insurance sector to leverage its unique risk expertise to create a safer, healthier, and more sustainable ... Read the full article
Willis Towers Watson’s Asia Pacific practice secures accreditation
6th June 2018
Global re/insurance broker Willis Towers Watson (WTW) has secured accreditation under the Quality Assurance Scheme (QAS) by the Institute and Faculty of Actuaries (IFoA) for its Insurance Consulting and Technology (ICT) business in Hong Kong, Singapore, Malaysia and Indonesia. Accreditation by the IFoA bolsters ICT’s reputation and ensures the company provides ... Read the full article
Dedicated reinsurance capital to reach new heights in 2018: JLT Re
5th June 2018
Despite the impacts of 2017's catastrophe events, global, dedicated reinsurance capital is expected to reach a new high by the end of the first-half of this year, as both traditional and alternative capacity providers continue to drive a supply / demand imbalance, reports JLT Re. JLT Re, the reinsurance arm of ... Read the full article
Increasing number of firms using captives to finance emerging risks: Marsh
5th June 2018
Leading insurance broker and risk management solutions firm, Marsh & McLennan, has released a report that reveals captive insurance vehicles’ growing popularity among risk managers seeking alternative ways to finance emerging risks. 1,100 captives managed by Marsh Captive Solutions globally were examined by Marsh’s 2018 Captive Landscape Report. The study found a ... Read the full article
Capsicum Re launches New York cyber hub, led by Patrick Bousfield
5th June 2018
Specialist reinsurance broker Capsicum Re has extended its cyber presence to New York with the launch of a new cyber hub, which will be led by Patrick Bousfield, who has been promoted to Executive Director. Rupert Swallow, Chief Executive Officer (CEO) of Capsicum Re, said: “The cyber team has received overwhelming ... Read the full article
Willis praises revolutionary Insurwave blockchain platform
5th June 2018
Insurance and reinsurance broker Willis Towers Watson has described the recently launched Insurwave, a blockchain platform to support marine hull insurance, as a "game changer", urging carriers and brokers to adopt the technology. In May 2018, EY, Guardtime, A.P. Møller-Maersk, Microsoft, Willis Towers Watson, XL Catlin, MS Amlin and ACORD announced that members of ... Read the full article
AFL launches new specialist advisory business, names James Poole as head
5th June 2018
AFL Insurance Brokers has announced the launch of Agile Risk Advisory (ARA), a new specialist business that provides evidence-based risk advice and insurance-linked securities (ILS) opportunities, which will be led by data analytics expert James Poole. ARA will operate as a wholly owned subsidiary of AFL, and will use insights from ... Read the full article
Guy Carpenter hires Shiv Kumar as Global Leader of capital markets unit
4th June 2018
Guy Carpenter & Company, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has hired Shiv Kumar as President and Global Leader of GC Securities, Capital Markets. Most recently, Kumar was Global Head of Insurance Structured Finance at Goldman, Sachs & Co., and brings over 23 years’ experience ... Read the full article
Howden names José Manuel González as new CEO
4th June 2018
Howden, the retail broking unit of Hyperion Insurance Group, has appointed José Manuel González as Chief Executive Officer (CEO) of Howden Broking Group. González will also retain his current role as CEO of Howden Iberoamerica, and, as a member of the Hyperion Group Executive Committee, will continue to report to David ... Read the full article
Willis Towers Watson the majority investor in insurtech Innovisk Capital Partners
1st June 2018
Innovisk Capital Partners, a new global InsurTech start-up that aims to address both the current and future fundamental changes in the insurance sector has been established, with insurance and reinsurance broker Willis Towers Watson as the majority investor. The new InsurTech partnership has been launched with technology, data and modelling core ... Read the full article
Cyber insurance must tackle ‘hidden costs’ of franchise value impact: JLT Re
1st June 2018
JLT Re has reported that cyber re/insurance must be expanded to better account for the ‘hidden costs’ of franchise value impact following a cyber breach, which often outstrip the reported losses of affected organisations by mid to high single-digit multiples. Many re/insurers already offer cyber liability policies that account for reputational ... Read the full article
Aon establishes new Carrier Solutions groups, appoints Hennessy as CEO
30th May 2018
Re/insurance broker Aon plc has established a new Carrier Solutions group as part of its brand restructure, and has appointed Karl Hennessy as Chief Executive Officer (CEO). The newly formed group is designed to support Aon’s network of Managing General Agents (MGAs) and Managing General Underwriters (MGUs) by delivering innovative products, ... Read the full article
Ed announces professional and executive risk expansion into Jersey
29th May 2018
The Jersey Financial Services Commission has granted the global reinsurance, wholesale and speciality broker Ed with a license to carry out general insurance mediation business. The broker had previously announced their 2017 expansion of professional and executive risk offering in the Channel Islands following its successful application for a commercial insurance ... Read the full article
TigerRisk launches capital markets vehicle, Panthera Re
25th May 2018
TigerRisk Partners LLC's insurance-focused investment banking arm, TigerRisk Capital Markets & Advisory (TCMA), has established a new Bermuda-domiciled vehicle called Panthera Re, which provides its insurance and reinsurance company clients with access to the capital markets. The new vehicle facilitates access to third-party, or alternative reinsurance capital and insurance-linked securities (ILS) ... Read the full article
Misalignment of expectations entering Asia-Pacific renewals: Aon Benfield’s Attard
25th May 2018
Chief Executive Officer (CEO) of Aon Benfield Asia, George Attard, has said entering Asia-Pacific renewals at 1/1 sparked a divergence of expectations between reinsurers and insurers, in relation to what pricing the former were looking for and what buyers were looking to pay. Speaking with A.M. BestTV at the 29th EAIC ... Read the full article
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