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

Miller recruits Taurai Ushe as Head of Business Development for UK Professions

4th July 2019

Global re/insurance broker Miller has bolstered its Professions team with the appointment of Taurai Ushe as Head of Business Development, UK Professions. Ushe has 15 years’ experience in developing new business opportunities and sourcing insurance solutions for UK companies in the professional services sector. He began his career at Allianz in 2004 ... Read the full article

Hub International acquires Berk Bilgen Insurance

4th July 2019

Chicago-based global insurance broker Hub International has announced the acquisition of Berk Bilgen Insurance (BBI). BBI is an independent insurance brokerage based in Edmonton, Alberta, Canada, offering personal and commercial insurance solutions, including home, auto, life and travel. Within 10 years, BBI has grown considerably under the leadership of Berk and Heather ... Read the full article

Continued, accelerated cyber risk growth expected in the captive market: Aon

3rd July 2019

It's estimated that more than a third of all captives will be underwriting cyber risk in five years' time, underpinned by accelerated premium growth for cyber risks in the global captives market, according to insurance and reinsurance broker, Aon. A recent survey and accompanying report from Aon, discusses current trends in ... Read the full article

Alliant joins Brokerslink network

3rd July 2019

Alliant Insurance Services, the U.S specialty insurance brokerage firm, has announced that it has become a partner of Brokerslink, the independent broker network. The move follows Alliant’s acquisition of New York-based Crystal & Company in April, a firm with more than 450 staff and 11 offices in the U.S. Alliant, which will ... Read the full article

Aon secures eighth bulk annuities purchase across Smiths Group pension schemes

3rd July 2019

Global re/insurance brokerage Aon has now secured eight bulk annuities across the Smiths Group's two pension schemes, totalling approximately £1.6 billion. The £3 billion Smiths Industries Pensions scheme has secured its eighth bulk annuity purchase and its second with Canada Life. The new £176 million bulk annuity is part of a ... Read the full article

Miller adds Skuld’s Neale to energy fac team

3rd July 2019

Global re/insurance broker Miller has announced the appointment of Simon Neale, a move that grows the firm’s global energy facultative reinsurance offering. Neale, who joins from Skuld, has over 20 years’ experience working with a number of insurers and brokers, as well as developing energy re/insurance business and managing large teams. He ... Read the full article

USI Insurance Services completes acquisition of U.S. Risk

2nd July 2019

USI Insurance Services (UCI) has completed its previously announced acquisition of U.S. domiciled brokerage, U.S. Risk Insurance Group. The terms of the transaction were not disclosed, but it's been revealed that U.S. Risk will keep its Dallas headquarters and will continue to operate independently under its existing brands, U.S. Risk, Oxford, ... Read the full article

Reinsurers see “tangible pricing momentum” at July renewals: Willis Re

1st July 2019

After a hesitant start to the year, reinsurers have experienced “tangible pricing momentum" at the mid-year renewals, according to Willis Re, although improvements are falling short of those seen in the primary markets. The broker’s 1st View report observed reinsurance pricing increases across most territories at the July renewals, with some ... Read the full article

RT Specialty adds Matt Bernal to Property Practice Group in San Francisco

1st July 2019

RT Specialty, a subsidiary of Ryan Specialty Group, has appointed Matt Bernal as a Vice President in its Property Practice Group, based in San Francisco. He joins RT Specialty from Hiscox, where he most recently managed property lines for all the company’s territories outside the Southeast. While at Hiscox, Bernal focused on ... Read the full article

Aon & Oxfam launch blockchain-based insurance for farmers in Sri Lanka

1st July 2019

Re/insurance broker Aon has partnered with Oxfam and insurtech firm Etherisc to launch a blockchain-based insurance platform for smallholder farmers in Sri Lanka. Nearly 200 farmers have been enrolled in the solution, which aims to deliver micro-insurance for paddy field farmers who are at risk of losing their crops due to ... Read the full article

Willis Towers Watson’s Smaje joins BGC Insurance as CEO, global aviation & space brokerage

1st July 2019

BGC Insurance Group, a division of BGC Partners, Inc. has named Philip Smaje as Chief Executive Officer (CEO) of its new global aviation and space re/insurance brokerage. The appointment of Smaje follows the recent addition of JLT's Marcel Chad as President of the unit and subject to regulatory approval, Smaje ... Read the full article

RSA adds Rachel Conran as CUO of GRS business

27th June 2019

The UK & International operations of multinational insurance group RSA has announced the appointment of Rachel Conran as Chief Underwriting Officer of its Global Risk Solutions (GRS) business, effective July 8. Conran, who joins the Luxembourg-based role with over 25 years’ experience in the industry, previously served as CUO for Allianz’s ... Read the full article

Willis Towers Watson responds to latest IFRS 17 proposals by IASB

27th June 2019

The risk advisory and broking firm Willis Towers Watson (WTW) has issued a response to the latest changes proposed by the International Accounting Standards Board (IASB) concerning its accounting standard IFRS 17 Insurance Contracts. The IASB’s limited scope Exposure Draft (ED), published this week, brings together a number of proposals made ... Read the full article

Arthur J. Gallagher to acquire minority stake in Renomia

26th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. is to acquire a minority stake in Prague-based Renomia, the largest independent broker based in the Central and Eastern European (CEE) region. Primarily serving commercial clients, Renomia has grown rapidly and now has full-scale broking operations in Czech Republic, Slovakia, Romania, Hungary, Serbia, ... Read the full article

Ed Bermuda receives regulatory approval

25th June 2019

Global reinsurance brokerage Ed has now received regulatory approval from the Bermuda Monetary Authority (BMA) for its Bermuda operation. The new division, Ed Bermuda will provide its full range of broking services, backed by the utilisation of advanced technology through the firm's proprietary trading platform, TradEd. At the start of February, 2019 ... Read the full article

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