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.
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
Steven Beard named as RFIB & Limehouse holding company CFO
20th November 2017
Steven Beard has been appointed to Chief Financial Officer (CFO) of RFIB and Limehouse holding company and to Chief Executive Officer (CEO) of newly created services company, George Yard Services (GYS), effective December 4th, 2017. Beard joins from a role as Group CEO of technology and professional services firm Agilisys, which ... Read the full article
London market could become more competitive as FCA investigates broking practices
15th November 2017
Heavy operating costs mean the London market has been losing business to foreign re/insurance hubs in recent years, but according to Fitch Ratings, an upcoming review of broker practices by the Financial Conduct Authority (FCA) could help to reverse this trend. Rising broking commissions have added to pressure on insurers' underwriting ... Read the full article
California wildfire insured losses could reach $8 billion: Aon Benfield
9th November 2017
Aon Benfield, the reinsurance arm of global insurance and reinsurance brokerage Aon, has said that the California wildfires could drive an insurance industry loss of up to $8 billion, which, on an aggregate basis, makes it the costliest insured wildfire event ever recorded. Aon Benfield and its catastrophe risk modelling unit, ... Read the full article
JLT Re and CXIS announce P&C policy growth programme partnership
9th November 2017
Reinsurance broker JLT Re and CXIS have announced a new partnership for the launch of CXIS's Property & Casualty Retention and Policy Growth Programme. CXIS Joseph Serrano said; "We're thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention programme to their clients. "Beyond JLT Re's deep market ... Read the full article
Premature to forecast post-catastrophe rate rises: JLT
7th November 2017
Insurance and reinsurance broker JLT Group said this morning that it is "premature to draw conclusions" as to how much re/insurance rates may rise following the spate of recent catastrophe losses. The brokerage said that due to the timing of both insurance and reinsurance renewals, the impacts of catastrophes including hurricanes ... Read the full article
Willis Towers Watson appoints Evariste Yeung Head of P&C, North Asia
6th November 2017
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has named Evariste Yeung as Head of Property and Casualty (P&C), North Asia, effective 25th September, 2017. Yeung is based in Shanghai and reports to Managing Director of WTW's Insurance Consulting and Technology business in Asia-Pacific, Richard Collis. In his newly created position, ... Read the full article
Gareth Davies joins Lockton in Bermuda from JLT
6th November 2017
Global insurance and reinsurance broker, Lockton, has announced the appointment of Gareth Davies, formerly Chief Executive Officer (CEO) of JLT Bermuda, as Senior Vice President (SVP), Property, Bermuda. Davies has more than 20 years of property broker experience in Bermuda, and has expertise in facultative reinsurance as well as alternative property ... Read the full article
Recent events a reminder of the effectiveness of reinsurance: David Priebe, GC
3rd November 2017
The series of recent catastrophes in Mexico, the U.S. and the Caribbean will generate more opportunities for the reinsurance industry as they demonstrate its necessity as a protection for primary risk bearers, and as an efficient tool for managing large-scale capital events. The recent loss events have the potential to make ... Read the full article
JLT formally joins London Market’s electronic placing platform
1st November 2017
Global insurance and reinsurance brokerage and advisory, JLT Group, has joined the London Market's electronic placing platform, Placing Platform Limited, (PPL). The broker was actively involved in the early developmental stages leading up to the launch of the platform in July 2016, and says it's "encouraged by the progress being made." Following the ... Read the full article
Aon Netherlands completes acquisition of UMG from Aegon
1st November 2017
Aon Groep Nederland, the Netherlands subsidiary of global insurance and reinsurance broker Aon, has completed the acquisition of Unirobe Meeus Group (UMG) from Aegon, for €295 million (US$343 million). The transaction includes the whole of UMG and strengthens Aon's position in the Netherlands marketplace, improving its presence in the SME and ... Read the full article
Maven invests £3mn to fund Altra Consultants’ expansion
31st October 2017
UK private equity house Maven has invested £3 million to fund the construction of its Lloyd's of London registered broking subsidiary, Altra Consultants' new multi-line broking business, Parker Norfolk & Partners (PNP). Following its acquisition of PNP, Altra obtained approvals for it to use PNP’s Lloyd's brass plate, enabling the firm to ... Read the full article
Aon acquires UK insurance broker Henderson
30th October 2017
Insurance and reinsurance broking specialist Aon plc is acquiring Henderson Insurance Broking Group, an independent UK-based insurance brokerage. Henderson is one of the UK’s largest independent brokers, with a focus on general insurance, health and benefits and trade credit insurance. Its clients include large corporates, mid-market and SME businesses and the insurance ... Read the full article
RFIB launches Singapore company
30th October 2017
Independent insurance and reinsurance broker RFIB Group Limited (RFIB) has expanded its footprint in Asia with the opening of an office and operations in Singapore. In announcing the launch of RFIB (Singapore) Pte Ltd, the company said that its new base will serve as a hub for the continued development of ... Read the full article
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