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.
Marsh announces new management structure & names key senior executives
8th September 2017
President and Chief Executive Officer of Marsh, John Doyle, has announced the addition of Global Risk & Digital and Global placement specialities units as well as new appointments to the firm's executive management team as part of a restructuring effort. Doyle commented; “this is an exciting time in our industry as ... Read the full article
Guy Carpenter hires Eisele from Swiss Re to be new Pacific region CEO
8th September 2017
Reinsurance brokerage Guy Carpenter has named Andre Eisele from reinsurer Swiss Re, to become its new CEO of the Pacific Region. Additionally, Guy Carpenter has appointed ex-Munich Re managing director Heinrich Eder to the Guy Carpenter Advisory Board for the Pacific Region. The two senior appointments reflect Guy Carpenter's push deeper into ... Read the full article
BMS Re US hires Paul Knutson from Willis Re as Exec Vice President
7th September 2017
Specialist re/insurance broker BMS Re US has appointed Paul Knutson, who joins from Willis Re, to Executive Vice President. Knutson will assume responsibility for expansion of business targeting regional multi-line and coastal property catastrophe reinsurance clients, reporting directly to BMS Re US CEO Andrew Bustillo. Andrew Bustillo, CEO, BMS Re US, commented; ... Read the full article
Ed receives Guernsey license, appoints Nick Bachmann from Willis to direct expansion
7th September 2017
International wholesale and specialty reinsurance brokerage, Ed, has received a commercial insurance intermediary license by the Guernsey Financial Services Commission, and also announced the appointment of Nick Bachmann, as it expands its offering on the island. Bachmann joins Ed from rival insurance and reinsurance broker, Willis Towers Watson, and will assume ... Read the full article
Guy Carpenter promotes Boyce to Deputy CEO Global Specialties
6th September 2017
Reinsurance brokerage Guy Carpenter has announced the promotion of James Boyce to the position of Deputy CEO, Global Specialties, effective immediately. Boyce joined Guy Carpenter in 1997 after Marsh & McLennan Companies acquired Wilcox Johnson & Higgins. He joined that firm in 1996 as an Associate Director, helping to set up ... Read the full article
Carsten Thienel joins JLT Re’s Asia team from Ed
5th September 2017
JLT Re has named Carsten Thienel, who joins from a role with Ed as CEO of reinsurance for Asia Pacific, as its latest Asia Pacific team member, set to begin in the firm's Singapore office early 2018. Boasting a distinguished career of over 30 years in the industry, Thienel previously held ... Read the full article
Insurers in Nigeria advised against reliance on brokers
5th September 2017
The tendency for most insurance brokers to focus on big ticket government business is responsible for the low level of insurance penetration in the country, the Executive Vice Chairman of Insurance Brokers of Nigeria, (IBN), Prosper Okpue, said in an interview with Financial Vanguard. The IBN executive ... Read the full article
David Nayler joins Marsh from Aon as Leader of UK Financial Institutions practice
1st September 2017
Marsh has named David Nayler, who joins from Aon, as Leader of its UK Financial Institutions Industry Practice, with effect from early 2018. In his new role, Nayler will lead client management, technical, placement and risk management specialists to support Marsh’s financial institutions clients in risk mitigation. He will report to Charles Beresford-Davies, Risk ... Read the full article
JLT Re hires Poome from Willis Re to be new Thailand MD
24th August 2017
Global reinsurance broker JLT Re has hired a new managing director for its Thailand operations from rival Willis Re, appointing Khun Parkpoome Nivatvongs (Poome) to the role. The hiring and appointment of Poome expands the JLT Re Asia Pacific management team. Poome will report to Kenny Moyes CEO of Asia, JLT ... Read the full article
JLT Re promotes Dranchak to Head of Strategic Advisory for the Americas
24th August 2017
Global reinsurance broker and advisory JLT Re has promoted Nick Dranchak to Head of Strategic Advisory for the Americas, a role that will seem him lead delivery of strategic advisory services across the U.S., Canada and throughout Central and South America. Dranchak joined JLT Re’s Strategic Advisory team in 2014 and ... Read the full article
Mike Boseman named as Brown & Riding’s new COO
23rd August 2017
U.S.-based wholesaler and specialty insurance broker, Brown & Riding, has named Mike Boseman as its new Chief Operating Officer (COO), based in the firm's Los Angeles headquarters. Boseman will take on responsibility for the company's strategic operations, which includes both client and carrier development, improving information technology service offerings, and also enforcing Brown & ... Read the full article
Willis names corporate risk & broking leader for Metro D.C./Chesapeake
22nd August 2017
Global insurance and reinsurance broker, Willis Towers Watson, has named Ken Smith Corporate Risk and Broking (CRB) market leader for the firm's Metro D.C./ Chesapeake market. Smith joins the firm from Marsh USA, where he was most recently leader of the company's Cincinnati, Columbus and Louisville business, and where he held a number of ... Read the full article
Bretton Woods appoints Paul Fleming to senior broker & director
21st August 2017
London-based independent specialist broker Bretton Woods International has announced Paul Fleming's appointment to senior broker and director of the firm's board. As part of the executive team, Fleming will steer the direction of the broker and managing general agent in a range of specialist open market and programme placements including complex contingency ... Read the full article
Willis Towers Watson hires CFO replacement Burwell from PwC
21st August 2017
Global advisory, insurance and reinsurance broking specialist Willis Towers Watson has named Michael “Mike” J. Burwell as its new Chief Financial Officer, to replace the outgoing Roger Millay who retires on October 2nd 2017. Burwell has 31 years of finance and professional services experience gained at PwC, holding a number of ... Read the full article
Capsicum Re hires Steven Rance to lead new mortgage indemnity reinsurance unit
21st August 2017
Specialist reinsurance broker Capsicum Re has announced Steven Rance, former JLT Group executive vice president, as head of a new mortgage indemnity reinsurance business division, with effect from February 2018. Rance will report to Rupert Swallow, CEO of Capsicum Re, who welcomed Rance to his new role; “Capsicum Re is no longer ... Read the full article
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