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.
Recent events highlight expanding U.S. protection gap
27th October 2017
The impact of recent hurricanes in the third-quarter of 2017 on parts of the U.S. brings the country's protection gap into focus, with greater insurance penetration required for what's considered the most developed market in the world. Hurricanes Harvey and Irma brought intense and damaging levels of rainfall, flooding and surge ... Read the full article
Reinsurance growth drives Q3 results for Aon
27th October 2017
Aon plc, the insurance and reinsurance broking specialist, has reported strong organic growth in its reinsurance treaty placement business during the third-quarter of 2017, which has helped to drive a revenue increase. Aon reports that its reinsurance broking business, which sits under the Aon Benfield brand, saw strong growth, particularly in ... Read the full article
Channel Syndicate 2015 hires new environmental class underwriter
25th October 2017
The Channel Syndicate 2015 at Lloyd's has named Nick Bennison as new Class Underwriter of its Environmental Impairment Liability (“EIL”) division with immediate effect. Bennison is an environmental liability specialist with over 16 years of experience in the sector and nearly 30 years insurance industry experience. “The appointment of Nick is indicative ... Read the full article
weatherXchange adds Australian broker RSI to global platform
24th October 2017
Index-based weather risk protection platform, weatherXchange, has added Australian weather risk broker, Risk Solutions International (RSI), to its network of weather risk management services. RSI will be listed as a Regional Specialist for Australia covering energy, utilities, mining, transport, agriculture and construction. "We are excited to add Risk Solutions International as a Broker-Advisor ... Read the full article
P&C sector’s strong capitalisation means record loss year is manageable: JLT Re
24th October 2017
The reinsurance market's strong capital base heading into 2017 is sufficient to manage losses from what's expected to be the costliest catastrophe loss year on record for the P&C sector, according to reinsurance broker, JLT Re. For just the third time on record, global insured catastrophe losses in 2017 are expected ... Read the full article
Aon Benfield expands Siccardi’s role to EMEA & UK Head of Client Services
20th October 2017
Aon Benfield, the global reinsurance arm of international broker Aon, has announced the appointment of Leonora Siccardi as EMEA & UK Head of Client Services, based in London. Siccardi will report to Maggie Westdale, Chief Financial Officer (CFO) of Aon Benfield, Richard Posgate, Co-Chief Executive Officer (CEO) of EMEA, Aon Benfield, ... Read the full article
Headwinds continue to challenge U.S. P&C industry’s profitability: Guy Carpenter
19th October 2017
Despite a well capitalised industry, U.S. property & casualty (P&C) insurers continue to face a series of headwinds that will persistently challenge the profitability of the sector, but opportunities do exist, according to reinsurance broker, Guy Carpenter. A report from broker Guy Carpenter, Plotting a Path in a Challenging Market, looks ... Read the full article
A J. Gallagher strengthens with addition of mining specialist
19th October 2017
Global brokerage Arthur J. Gallagher has announced the appointment of Stuart Hill, an international mining specialist, as a Director, effective immediately. The appointment strengthens the firm's global mining and property capabilities, and Hill will be based in the firm's London office and will report to Neil Stewart, Managing Director of Global & ... Read the full article
XL Group acquires 20% stake in Indian broker
17th October 2017
XL Group has expanded its Indian market presence with the acquisition of a minority 20% stake in Indian re/insurance broker, Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services (M&M). The acquisition values the broker at about $200 million. XL is to buy 15% of the equity stake from existing ... Read the full article
Megan Hodge joins TigerRisk as Partner & Head of Client Strategy
16th October 2017
Reinsurance brokerage, TigerRisk Partners LLC, has announced that Megan Stewart Hodge has joined the firm as a Partner and as Head of Client Strategy, a newly created role. In her new role, Hodge will be responsible for optimising the value TigerRisk provides for its clients, through a holistic approach that incorporates ... Read the full article
Willis names Gianmarco Tosti country head of Italy
16th October 2017
International insurance and reinsurance industry broker, Willis Towers Watson, has named Gianmarco Tosti as the firm's new country head of Italy, effective January 1st, 2018. Tosti will based in Milan, and will assume the role as Head of Corporate Risk and Broking for Italy, and replaces Guido de Spirit, who is to ... Read the full article
InsurTech start-ups remain attracted to P&C: Report
16th October 2017
Research from Celent, a research and advisory company with a focus on technology and Guy Carpenter, a reinsurance brokerage, reveals that a third of InsurTech accelerators by line of business members are property & casualty (P&C) focused. The new report, titled "Insurtech Accelerators: A Market Scan," reveals that the number of ... Read the full article
StarStone looks to improve wholesale broker efficiency/profitability with ESCAPE 1-2-3
12th October 2017
International specialty insurance firm, StarStone, recently announced the launch of a new online broker platform designed to significantly improve efficiencies and simplify product access, called ESCAPE 1-2-3. ESCAPE 1-2-3 expands on StarStone's U.S. wholesale brokers service for SME accounts, known as the ESCAPE portal, which was launched in 2010 and, the ... Read the full article
AFL appoints Neil Crouch to lead new wholesale property division
10th October 2017
AFL Insurance Brokers (AFL) has appointed Neil Crouch, who joins from a role with Lockton as Head of Broking, to lead its new wholesale property practice as part of the firm's ambitious two-year expansion plan. Crouch will head up the firm's property market expansion, with an initial focus on the North ... Read the full article
TigerRisk hires Seth Ruff from Swiss Re as new Head of Reinsurance Solutions
9th October 2017
Reinsurance brokerage, risk and capital strategic advisory TigerRisk Partners LLC has announced the hiring of former Swiss Re Managing Director Seth Ruff as the firms new Head of Reinsurance Solutions. Ruff joins TigerRisk from after over 17 years with reinsurer Swiss Re, where he most recently held the roles of President ... Read the full article
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