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Reinsurance News


Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.

Strong capitalisation underpins rational pricing approach at April 1: Willis Re

1st April 2019

Willis Re, the reinsurance arm of global insurance and reinsurance broker Willis Towers Watson, has noted that reinsurers adopted a rational pricing approach at the April 1st renewals, underpinned by high levels of market capitalisation from both traditional and alternative sources. The reinsurance broker's latest 1st View report examines the April ... Read the full article

Marsh appoints Anthony Gruppo as CEO of Jelf

29th March 2019

Global re/insurance broker Marsh has announced the appointment of Anthony Gruppo as Chief Executive Officer (CEO) of Jelf and leader of its wider UK & Ireland Commercial and Consumer client segment. He will take up his new London-based position in May, succeeding Phil Barton who is leaving with immediate effect to ... Read the full article

Nexus forms Xenia Broking Group to consolidate broking activities

29th March 2019

Nexus Group has revealed the establishment of Xenia Broking Group Limited, a London-based entity launched to consolidate Nexus' broking activities. The consolidated broking activities will remain independent and segregated from the Group's underwriting operations, and Xenia will have Nexus Group Non-Executive Director, Jeremy Adams as Chairman of its Board of Directors. He ... Read the full article

Aon appoints Marsh’s Charnaud EMEA Chairman, M&A and Transaction Solutions

28th March 2019

Global insurance and reinsurance broker Aon has announced the appointment of Edwin Charnaud from Marsh as EMEA Chairman for its mergers and acquisition (M&A) and Transaction Solutions unit. The appointment is effective April 15th, 2019, and Charnaud will be tasked with assisting the acceleration of the regional M&A and Transaction Solutions ... Read the full article

Munich Re, Allianz & AXIS join Marsh for new cyber service

27th March 2019

Global re/insurance broker Marsh has announced the launch of Cyber Catalyst, a service that brings together a number of the market’s leading insurers to provide analysis and assessment of cybersecurity products. The objective of Cyber Catalyst is to identify and evaluate effective solutions for an organisation to deploy against cyber risk, ... Read the full article

Gallagher appoints John Farley to lead cyber practice

27th March 2019

Gallagher, the global re/insurance brokerage and risk management services firm, has appointed John Farley as its Managing Director, Cyber Practice Group leader. He joined the firm in March 2019 to lead its Cyber Practice, a role that will see him develop and executive strategy for cyber insurance and related business lines ... Read the full article

European Commission clears Marsh-JLT takeover

25th March 2019

The previously-announced acquisition of Jardine Lloyd Thompson (JLT) by Marsh & McLennan Companies (MMC) has been approved by the European Commission. The Commission examined the proposed deal’s effect on competition in markets where the two companies' activities overlap. This includes the supply of insurance broking services for specialty sectors - such as ... Read the full article

Willis Re appoints new Head of London Market Reinsurance Claims

25th March 2019

Willis Re, the global reinsurance arm of broker Willis Towers Watson (WTW), has appointed claims veteran Steve Robson as Head of London Market Reinsurance Claims, effective today. Robson has 36 years of experience in the sector, and brings extensive client-side experience to the role, supporting the closer alignment of the servicing ... Read the full article

Re/insurers must rethink approach to tougher Asian market, says WTW

18th March 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has underlined challenges for insurers in Asia, warning that the dominance of large and complex risks in the Asian commercial insurance segment is revealing that current business models are unsustainable. 2018 was an active year for catastrophe activity across Asia, with numerous ... Read the full article

David Ripton joins WTW to lead Broking, Global Marine, CRB

15th March 2019

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced the appointment of David Ripton as Head of Broking, Global Marine in its Corporate Risk and Broking (CRB) unit. Ripton joins the firm from rival brokerage Marsh, where since 2014 he held the position of Chief Executive Officer (CEO) for ... Read the full article

Aon to offer AI, machine learning tools with new InsurTech partnership

14th March 2019

Global re/insurance broker Aon has struck a strategic alliance with, an InsurTech startup which uses Artificial Intelligence (AI) and machine learning to process satellite imagery, data from aircraft, physical characteristics of properties, building permit data and energy consumption data in order to generate granular risk analysis of buildings and ... Read the full article

Willis Towers Watson names Head of Power and Utilities for CEEMEA region

14th March 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has appointed Mark Hiles as Head of Power and Utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region. Hiles will be responsible for developing client solutions and driving business growth in the power and utilities sectors across the ... Read the full article

Hub International acquires The Insurance Exchange

14th March 2019

Chicago-based global insurance broker Hub International has announced the acquisition of The Insurance Exchange for an undisclosed consideration. Based in Rockville, Maryland, The Insurance Exchange is one of the largest independent insurance agencies in the Mid-Atlantic region. It provides solutions for employee benefits consulting, commercial property & casualty, loss control, bonding, risk ... Read the full article

BMS annual revenues exceed £100m

13th March 2019

Independent specialist re/insurance broker BMS has revealed that its annual revenues for the first time exceeded £100 million in 2018. Overall revenue grew by 25% while BMS’s London wholesale business posted 32% growth. BMS’s reinsurance division achieved an 18% revenue increase. “This remarkable result belongs to BMS staff, who have driven our ... Read the full article

Aon’s White Rock protected cell company expands to DC

12th March 2019

Insurance and reinsurance broker Aon has announced that its protected cell facilities under the White Rock Group have added a seventh domicile in the District of Columbia (DC), USA. White Rock established its first protected cell company in Guernsey in 1997 and currently manages 250 cells across Bermuda, Gibraltar, Guernsey, Isle ... Read the full article

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