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.
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
Q3 2017 could be the costliest quarter ever for natural catastrophes: Aon
9th October 2017
The catastrophe risk modelling team of reinsurance broker Aon Benfield, Impact Forecasting, has said that the impacts of catastrophe events during the third-quarter of 2017 will likely make it one of the costliest quarters ever for natural disasters. During the month of September, 2017, hurricanes Irma and Maria combined with other ... Read the full article
LaLone joins Lockton Re from Willis Re as Managing Director, U.S.
9th October 2017
Reinsurance broker Lockton Re has announced the appointment of Charles (Chip) LaLone from Willis Re, as Managing Director in the U.S. In his new role, LaLone will be responsible for Lockton Re's advisory and treaty placement capabilities, as well as leadership responsibilities for improving customer relationships. LaLone is regarded as a casualty ... Read the full article
Marsh promotes Ellen Charnley to Captive Solutions president
6th October 2017
Marsh has promoted Ellen Charnley from global sales leader to president of its Marsh Captive Solutions business with immediate effect. Charnley will assume leadership of Marsh's advisory solutions and 1,200 captives in 44 domiciles around the world, reporting to Michael Poulos, Marsh’s Client Advisory Services Leader, and succeeding Nick Durant, who has ... Read the full article
Brokers expect London re/insurance market to retain position after Brexit
5th October 2017
A survey of re/insurance brokers found that 80% of those polled are confident that the London insurance and reinsurance market will retain its global position after the UK leaves the European Union. Despite the results of the Brexit vote and the fact the UK is heading for an exit from the ... Read the full article
Guy Carpenter hires Yoder as innovation and product development MD
4th October 2017
Reinsurance broker Guy Carpenter has hired Claude Yoder, previously Head of parent company Marsh's Global Analytics unit, as Managing Director and Global Chief Innovation and Product Development Officer, as from September 18th. Yoder will be based in the Guy Carpenter New York office and will report to Rob Bentley, Managing Director ... Read the full article
Capsicum Re bolsters cyber risk team with new appointment
2nd October 2017
Specialist reinsurance brokerage, Capsicum Re, has named Conrad Williams as the newest addition to its cyber risk team, effective immediately. Williams will report to Ian Newman and Samantha Thompson, partners at the firm's London property and specialty unit, and brings extensive cyber risk knowledge to the role. Williams has completed a four-year ... Read the full article
23 new members join B3i market testing phase
2nd October 2017
B3i, the blockchain insurance industry initiative, has announced that 23 new entrants have joined its Market Testing program, following the launch of a working market testing prototype at the meeting of the reinsurance industry in Monte-Carlo. The B3i initiative has attracted global interest, and the testing phase is scheduled to start ... Read the full article
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