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.
Headwinds limit significant pricing corrections for reinsurers: Willis Re
2nd January 2018
On the back of one of the worst loss years on record for the global insurance and reinsurance market, pricing corrections have not been as significant as many in the market had hoped for, driven by a number of factors, according to Willis Re's 1st View renewals report. Recent catastrophe ... Read the full article
Ed names Heather Clarkson as Managing Director of Marine
22nd December 2017
Ed has announced the appointment of Heather Clarkson, who joins from a role as Chief Broking Officer of Marine and Head of Hull at Aon Risk Solutions, to Managing Director of Marine with effect from 2nd January 2018. Clarkson boasts over three decades of insurance experience, including having served on a ... Read the full article
MMC names Stacey Mills as VP and Controller
22nd December 2017
Marsh & McLennan Companies (MMC) has announced the appointment of Stacey Mills as Vice President (VP) and Controller, a role that will see her serve as the company's Chief Accounting Officer (CAO), effective January 1st, 2018. Mills joined the firm in 1999 as Controller of Putnam Investments, and has served as ... Read the full article
Paul Moody named as Marsh’s CEO of UK specialities unit
18th December 2017
Marsh & McLennan Companies' insurance brokerage arm, Marsh, has named Paul Moody as Chief Executive Officer (CEO) of its UK specialities unit, effective January 1st, 2018. Moody replaces Roy White, who has been appointed to the newly created position as Chairman of UK Specialties. Moody has been with Marsh for roughly 18 years, and ... Read the full article
B.P. Marsh announces investment in Lloyd’s broker, EC3 Brokers Limited
18th December 2017
Venture capital provider B.P. Marsh & Partners Plc has announced an investment into EC3 Brokers Limited via a newly established company, EC3 Brokers Group Limited. The transaction sees the company take an effective 20% equity stake in EC3 for a total cash consideration of £5 million (US$6.7nm), in a mix of ... Read the full article
Bretton Woods gains independent license & Lloyd’s Broker status
15th December 2017
Specialist insurance broker Bretton Woods (BWI) has gained an independent licence as a Financial Conduct Authority authorised broker and has achieved status as a “Lloyd’s Broker” registered by Lloyd’s of London. BWI will continue to use its own broker number – BWI 1392 BWI. Prior to gaining its FCA license, BWI traded as ... Read the full article
Typhoon Damrey drives $1 billion loss in Vietnam
14th December 2017
Vietnam has suffered a $1 billion loss after Typhoon Damrey made landfall on the 4th of November, 2017, killing at least 108 people and damaging over 300,000 properties, according to insurance and reinsurance broker, Aon. Typhoon Damrey made landfall on the 4th of November in the country’s south-central coastal region as a ... Read the full article
BMS Re expands team with two senior appointments
14th December 2017
Reinsurance specialist broker BMS Re US (BMS), has expanded its team with two senior appointments, naming Chang Liu as Director of Catastrophe Analytics Technical Development and Bradley Parent, an Associate of the Casualty Actuarial Society, as Assistant Vice President / Actuary. BMS said the new hires show its continued commitment to incorporate actuarial ... Read the full article
Rupert Evans joins Aon Benfield’s Credit & Financial Risks division
12th December 2017
Rupert Evans will join reinsurance broker Aon Benfield from Liberty Speciality Markets (LSM) as a broker within its Credit & Financial Risks team, effective immediately. Evans has specialised in underwriting political risk, credit & surety business, and also has experience within other crisis management lines. He joins Aon Benfield from LSM, where ... Read the full article
JLT Re names Desmond Bohan as Senior Vice President
6th December 2017
JLT Re has appointed Desmond Bohan, who joins from Frates, to Senior Vice President (SVP) as the broker looks to expand its program business. Bohan will be responsible for the continued expansion and development of JLT Re’s Program practice in North America, as the reinsurer continues to build its specialized program group ... Read the full article
Aon’s Impact Forecasting cat model joins ModEx platform
1st December 2017
Impact Forecasting, Aon Benfield’s catastrophe risk model development centre, has become the fourth model vendor to offer its cat risk model solutions on the integrated ModEx platform. Impact has announced a deal on model provision with Simplitium enabling it to add its models to the ecosystem of cat risk modelling services ... Read the full article
Aon expands Switzerland presence with Unidelta AG acquisition
30th November 2017
Aon Switzerland, a division of global insurance and reinsurance broker Aon, has announced plans to acquire Unidelta AG, an insurance broker based in Rapperswil, St. Gallen, Switzerland. Following the acquisition, Chief Executive Officer (CEO) and founder of Unidelta AG, Peter Merkli, will remain as Managing Director, and will also form part of ... Read the full article
Guy Carpenter Chairman Britt Newhouse to retire at the end of 2017
30th November 2017
The Chairman of reinsurance broker Guy Carpenter, Britt Newhouse, is to retire from his position at the end of 2017, according to ratings agency A.M. Best. Britt Newhouse's retirement was confirmed to A.M. Best's News Service by Guy Carpenter's Assistant Vice President (AVP), Marketing and Communications, Gray Newhouse. Britt Newhouse has been ... Read the full article
Holborn names Adam Manus President and Chief Brokerage Officer
28th November 2017
U.S. domiciled independent reinsurance brokerage, Holborn Corporation, has named Adam Manus as its new President and Chief Brokerage Officer (CBO), effective immediately. Manus will be based in the company's New York office, and his election by the Board comes after more than twenty years with Holborn, previously serving as Executive Vice ... Read the full article
Starr Companies enters into aviation insurance agreement with SMARTT MGA
22nd November 2017
Starr Companies has announced a new partnership with SMARTT MGA, that sees the latter act as Agent for Starr International (Europe) Limited, providing both automated quotes and policy documentation for light general aviation business. Jim Herbert, Chief Underwriting Officer (CUO), Aviation, said; "We have built a close and fruitful relationship with ... Read the full article
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