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Reinsurance News


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

WTW partners with InsurTech massUP

6th March 2019

Global re/insurance broker Willis Towers Watson (WTW) has partnered with German InsurTech massUP with the aim of developing new insurance products and solutions. The strategic partnership, which is hoped will also enable the integration of technological processes and includes joint international distribution, follows existing collaboration efforts between massUp and Willis Re, ... Read the full article

Aon confirms consideration to acquire Willis Towers Watson

6th March 2019

Insurance and reinsurance broker Aon has confirmed that it is in the initial stages of considering an offer to acquire Willis Towers Watson (WTW). Reports emerged yesterday that Aon had held preliminary talks with WTW over a potential deal that would see the combination of two of the world's largest ... Read the full article

Aon is considering an offer to buy Willis Towers Watson, reports Bloomberg

5th March 2019

Global insurance and reinsurance broker Aon is reportedly in talks to acquire rival broker Willis Towers Watson (WTW), according to a Bloomberg report, which cites people familiar with the matter. Bloomberg reports that Aon is considering the purchase of WTW, and is preparing to submit an offer in the coming weeks. According ... Read the full article

JLT’s Howett to become Marsh Ireland CEO; Grogan made Exec Chairman

5th March 2019

The Managing Director of JLT Ireland Patrick Howett is to become the Chief Executive Officer of Marsh Ireland upon the completion of Marsh & McLennan Companies’ previously-announced $5.6 billion acquisition of JLT Group. Meanwhile, Joe Grogan has been appointed Executive Chairman of Marsh Ireland. Both Howett and Grogan will be based in ... Read the full article

Ryan Specialty completes Myron Steves acquisition

4th March 2019

International specialty insurer Ryan Specialty Group has completed its previously-announced agreement to acquire the assets and operations of Myron F. Steves & Company, a Houston-based independent wholesale insurance brokerage. The Myron Steves team has become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, expanding the company’s presence ... Read the full article

Arthur J. Gallagher to acquire JLT’s aerospace operations

4th March 2019

Arthur J. Gallagher & Co. has announced that it has entered into an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with completion of Marsh and McLennan Companies’ acquisition of ... Read the full article

TigerRisk adds JLT Re’s David Unsworth as Senior Broker

1st March 2019

Reinsurance brokerage, risk and capital strategic advisory firm TigerRisk Partners LLC has announced the appointment of David Unsworth as a Senior Broker. Wade Gulbransen, the firm’s Global Head of Reinsurance, noted that Unsworth is regarded as one of the foremost experts on reinsurance solutions for the Florida market and that he ... Read the full article

Growth in protectionism & geopolitical tensions to impact re/insurers: Marsh

28th February 2019

Rising geopolitical tensions and protectionist sentiments, in combination with ongoing trade disputes, and resulting in increased uncertainty and risk for multinationals such as re/insurers, according to Marsh, particularly for those with direct foreign investments. Marsh’s Political Risk Map 2019 rated more than 200 countries and territories on the basis of short ... Read the full article

JLT & Allianz partner on corporate reputation cover for SMEs

28th February 2019

JLT Specialty and Allianz Global Corporate & Specialty (AGCS) have partnered on the launch of a new corporate reputation insurance product targeted at small and medium-sized enterprises (SMEs) in the UK. Reputation Protect Plus provides coverage against the loss of net operating profit from a reputational crisis combined with a crisis ... Read the full article

ACE Insurance Brokers to launch DIFC-based reinsurance operation

27th February 2019

Gulf Cooperation Council (GCC) privately-owned insurance broker, ACE Insurance Brokers, is to establish a dedicated reinsurance operation in Dubai, based in the Dubai International Financial Centre (DIFC). The new business will join the broker's region-wide network, which is comprised of 16 offices across eight countries. From DIFC, ACE's reinsurance industry experts will ... Read the full article

LIIBA creates BDAWG Claims Sub-Group, names Ed’s Ben Kelly Chair

26th February 2019

A new sub-group for the London and International Insurance Brokers' Association's (LIIBA) Broker Delegated Authority Working Group (BDAWG) has been established by the organisation, to be Chaired by Ben Kelly. Kelly, claims manager, risk solutions claims at Ed Broking has been elected as Chair of the Claims Sub-Group, which has been ... Read the full article

JLT reports organic growth across all divisions in 2018

26th February 2019

Global insurance and reinsurance broker, JLT Group recorded organic revenue growth across all divisions year-on-year, leading to a 21% rise in trading profit in 2018. In light of JLT's takeover by MMC, expected to close in spring of this year, the firm has released preliminary financial results for 2018, which includes ... Read the full article

Global property & FinPro lines drive Q4 commercial insurance price increases: Marsh

25th February 2019

Global commercial insurance pricing increased by an average of 2% in the final quarter of last year, driven mostly by increases in global property and financial and professional (FinPro) lines, according to international re/insurance broker Marsh. The market remained stable overall, says Marsh, and the 2% average increase in the fourth-quarter ... Read the full article

Aon expands restructuring plan, estimates additional job losses

25th February 2019

Insurance and reinsurance broker Aon's global Restructuring Plan, initiated in 2017, is now expected to result in estimated job losses of between 4,800 to 5,400, which is up 12% from the 4,200 to 4,800 expected job eliminations announced in early 2018. The updated range was announced in the global broker's most ... Read the full article

Value of InsurTech deals up by 155% in Q4: Willis Towers Watson

25th February 2019

Global insurance and reinsurance broker, Willis Towers Watson, has said that the number of InsurTech deals announced globally in Q4 2018 increased by 24% to 63, with a total value of $1.59 billion, which is growth of 155% on the same period in 2017. This is according to the broker's Quarterly ... Read the full article

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