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’s One Underwriting unit appoints new Director from Swiss Re
19th March 2018
Global insurance and reinsurance broker Aon's Australian third-party distribution business, One Underwriting, has appointed Adam Cox as its new Director, as former One Underwriting Director, Alison Smith, transitions to the firm's broking area. Cox joins the broker after eight years with reinsurance giant Swiss Re, where he was most recently responsible ... Read the full article
JLT Re names Vinod Krishnan as CEO, Asia Treaty
19th March 2018
Global reinsurance broking and consultancy provider JLT Re has announced the appointment of Vinod Krishnan as Chief Executive Officer (CEO), Asia Treaty. Krishnan, who is based in Singapore, will be responsible for developing JLT Re’s business in the region by building its treaty offering in the ASEAN nations and South Korea. He ... Read the full article
UK annuity market shows maturity, 2018 poised to be most active year: Intermediaries
16th March 2018
Following the announcement that Rothesay Life has reinsured a £12 billion chunk of Prudential plc’s annuity book, intermediaries have noted increased maturity in the UK bulk annuity market, with 2018 set to be the most active year on record for bulk annuities (buy-ins and buy-outs). According to James Mullins, Head of ... Read the full article
BMS launches new Innovation Labs platform
15th March 2018
Specialist insurance and reinsurance broker BMS Group Limited has announced the launch of a new platform to support both the company and the wider risk transfer industry, called BMS Innovation Labs. The platform will focus on driving innovation by using new technologies and business approaches to deliver optimal outcomes for clients, ... Read the full article
Marsh becomes first re/insurance broker to join the Enterprise Ethereum Alliance
15th March 2018
Re/insurance broker and risk management firm Marsh, LLC has announced that it has joined the Enterprise Ethereum Alliance (EEA). Now with over 400 member companies, the EEA is the world’s largest blockchain initiative, although Marsh represents the first re/insurance broker to join its ranks. The EEA’s objective is to establish industry standards ... Read the full article
AFL Insurance Brokers appoints Alex Mott to lead new marine division
15th March 2018
Independent Lloyd’s broker AFL Insurance Brokers (AFL) has appointed Alex Mott to head up its newly launched commercial Marine division, as Director of Marine. Mott previously managed the Ed / CGNB Marine broking team as Head Broker. His career as a Lloyd’s broker and broking team manager has seen him specialise ... Read the full article
U.S. commercial insurance prices show modest increase in Q4: Willis
13th March 2018
A survey by Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS) has revealed a slight increase in U.S commercial insurance prices in the fourth quarter of 2017, compared with the previous year. The survey found that price changes continued to average less than 1% for the 10th consecutive quarter, following ... Read the full article
Ed expands Professional & Executive Risk team
13th March 2018
UK reinsurance broker Ed has announced that it has enhanced its Professional & Executive Risk team with the appointment of Duncan Childs as Wordings Advisory Manager. Childs will now be responsible for drafting policy wordings for Ed’s clients, and will report to James Baird, Director of the Professional & Executive Risk ... Read the full article
Acrisure finalises Beach takeover
13th March 2018
Reinsurance brokerage Beach & Associates has announced the completion of its acquisition by U.S. retail consulting and insurance broking group, Acrisure, LLC, after the receipt of all necessary regulatory approvals. The deal was initially announced in January 2018, and Acrisure has now acquired 100% of Beach's equity from existing shareholders, as ... Read the full article
Willis Towers Watson appoints Paul Bailie to lead Bermuda captive business
12th March 2018
Insurance and reinsurance broker Willis Towers Watson has announced the appointment of Paul Bailie as head of its Bermuda Captive practice, set to lead business development and delivery of the company’s value proposition and provide strategic guidance to Bermuda captive and insurance management clients. Bailie will report to Paul Owens, managing ... Read the full article
Beach names leaders for new specialty & wholesale platform
12th March 2018
Insurance and reinsurance brokerage Beach has announced the formation of a new specialty and wholesale platform, that will be led by John Sutton and Toby Humphreys, former joint leaders at Integro UK. Humphreys served as Chairman and Sutton as President of International Operations at Integro UK, and both joined the firm ... Read the full article
Global nat cats in Feb to cost at least hundreds of millions of dollars: Aon
9th March 2018
Aon Benfield’s monthly Global Catastrophe Recap report has evaluated the impact of Storm Emma and the freezing temperatures that hit large areas of Europe over February, and has predicted that the total financial costs will be at a minimum in the hundreds of millions of dollars (US), and will very likely be ... Read the full article
Willis launches re/insurance industry’s first Global Ecosystem Resilience Facility
9th March 2018
Willis Towers Watson has launched its newly developed Global Ecosystem Resilience Facility (GERF), the first global insurance facility to support the resilience of ecosystems with innovative finance and risk management solutions. Launched by Chief Executive Officer (CEO) John Haley at the Economist’s World Ocean Summit in Mexico, the GERF will provide ... Read the full article
UK pension scheme liabilities could be reduced by up to 1% with CMI 2017: Aon
8th March 2018
The new Continuous Mortality Investigation (CMI) model, CMI 2017, could reduce a pension scheme’s liabilities by between 0.5% and 1%, compared with the previous version of the model CMI 2016, according to Aon estimates. The 2017 CMI model is adjusted to include lower than expected levels of mortality improvement in England ... Read the full article
Willis Towers Watson appoints Belgium Corporate Risk & Broking Head
8th March 2018
Willis Towers Watson has named Edward Bonsel as Head of Corporate Risk & Broking (CRB) in the firm's Belgium branch. In his new role Bonsel will be in charge of all CRB activities in Belgium with a focus on contributing to industry-specific insights that support the CRB Business in Belgium in ... Read the full article