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.
Cyber risk management lags behind growing threat to business: Marsh, Microsoft
16th February 2018
Although the majority of senior executives view cyber as a top risk management priority, few organisations are confident in their ability to manage the risk of a cyber-attack, according to a survey by Marsh and Microsoft that highlighted ways in which risk management is falling behind in cyber risk mitigation ... Read the full article
Endeavour Insurance Services announces series of additions to North America team
16th February 2018
Delegated authority specialist and Lloyd’s broker Endeavour Insurance Services has announced the expansion of its USA and Canada appointments with a series of new appointments. Endeavour has named Victoria Cooch as Business Development and Support Handler, and Ben Ward as Trainee Broker set to join the U.S. team. In the Canadian team ... Read the full article
LIIBA & EY urge brokers to be ready for Brexit
15th February 2018
The London and International Insurance Brokers’ Association (LIIBA) and EY have released a report to advise on the significant uncertainty that still surrounds regulation for intermediaries, and their authorisation process for placing and servicing European risk from the UK post-Brexit. Christopher Croft, Chief Executive Officer (CEO) of LIIBA, said that although ... Read the full article
U.S. property insurers’ hopes for double-digit rate hikes dampened: Willis
15th February 2018
U.S. property insurers' hopes for double-digit rate hikes on catastrophe-exposed insurance programmes following 2017’s record natural catastrophe-related losses could be dampened, as an abundance of both traditional and alternative capital continues to flood the market and weaken the potential for widespread market firming, according to Willis Towers Watson. In a U.S. property ... Read the full article
AFL Insurance Brokers appoints Barry Rowland & Chris Cavani to property team
15th February 2018
Independent Lloyd’s broker AFL Insurance Brokers (AFL) is expanding its wholesale property team with the appointment of re/insurance professionals Barry Rowland and Chris Cavani. Rowland joins AFL as Director, Property & Casualty from a role with reinsurance broker JLT Re as a Facilities and Binder Partner. Cavani joins from Alston Gayler where ... Read the full article
Erica Davis joins JLT Re as Senior Vice President of U.S. Cyber & E&O unit
15th February 2018
Reinsurance broker JLT Re has named Erica Davis as Senior Vice President (SVP), set to lead the Cyber and E&O practice for JLT Re in North America. Davis joins JLT Re from Zurich, where she most recently acted as SVP and Head of Specialty E&O after serving in a number of ... Read the full article
Hub targets growth with launch of first eight industry specialty practices
14th February 2018
Global insurance brokerage, Hub International Limited (Hub), has launched its first eight industry specialty practices, based on industries that are positioned for growth and where the firm has solid expertise. As well as being based on industries that hold good growth potential and where Hub has expertise, the eight specialty practices ... Read the full article
Brokerslink names Jacqueline Legrand as Chief Executive Officer
9th February 2018
Brokerslink has appointed Jacqueline Legrand to Chief Executive Officer (CEO) set to succeed José Manuel Fonseca, who is stepping back to focus on managing the significant growth of a Brokerslink reference shareholder MDS Group. Jacqueline Legrand, CEO of Brokerslink said; “I am honoured to have this opportunity to lead Brokerslink and ... Read the full article
Ed appoints Marcus Taylor to Head of Reinsurance for Asia Pacific
5th February 2018
Ed has named Marcus Taylor, who joins from a managerial reinsurance role with IAG, to Head of Reinsurance for Asia-Pacific. Taylor is set to be based out of the firm's Singapore office and report to Kieran Angelini-Hurll, Chief Executive Officer (CEO) of Reinsurance and Stephen Britten, CEO of Asia-Pacific. Angelini-Hurll said; “Marcus is ... Read the full article
Aon Benfield names Leonora Siccardi as Chief Operating Officer, UK
5th February 2018
Reinsurance broker Aon Benfield has promoted Leonora Siccardi, appointing her to the role of Chief Operating Officer of Aon Benfield UK, in addition to her role as EMEA & UK Head of Client Services. Siccardi will report to Nick Frankland, UK CEO of Aon Benfield, and Maggie Westdale, CFO of Aon ... Read the full article
Willis Towers Watson names Tim Rees as new cyber leader
5th February 2018
Willis Towers Watson has expanded its UK cyber unit with the appointment of Tim Rees as Client Engagement and Strategy Leader for the UK Cyber Risk Solutions business. Based in London and reporting to Anthony Dagostino, Global Head of Cyber Risk, Rees will be responsible for developing the firm's integrated approach ... Read the full article
Capital efficiency strategies drive alternative capital interest: GC Securities
30th January 2018
The collateralized reinsurance and retrocession markets continue to expand despite the impacts of 2017 catastrophe events, as capital management and capital efficiency strategies drive interest in insurance-linked securities' (ILS) mechanisms, according to GC securities, the capital markets and ILS arm of reinsurance broker Guy Carpenter. In a discussion with Reinsurance News around ... Read the full article
Ed appoints Henry Warner as Cyber Broker/Producer
30th January 2018
Global reinsurance broker Ed as announced the hiring of Henry Warner as Cyber Broker/Producer, effective immediately, and reporting to Divisional Director, Professional and Executive Risks (ProEx), James Baird. He started his career with Marsh as a client advisor for both cyber and professional indemnity risks, and joins the firm from SafeOnline, ... Read the full article
2018 could see a “brutal battle” between alternative & traditional reinsurance: Willis
29th January 2018
Alternative reinsurance capital continues to expand, with non-life insurance-linked securities (ILS) capital reaching $88 billion at year-end 2017. And with growth expected to continue, there could be a "brutal battle" between ILS and traditional capacity, according to Willis Towers Watson Securities. Data from capital markets and insurance-linked securities (ILS) brokerage unit, ... Read the full article
London market’s PPL used to close Aon Client Treaty facility
29th January 2018
The London market electronic placing platform PPL was used to close one of Lloyd's largest transactions, the Aon Client Treaty facility for 2018. The transaction is said to be one of the most complex in the Lloyd's market; at 191 pages long, it covers 20 different underwriting ... Read the full article
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