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 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
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
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