Reinsurance News
Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.
3rd January 2019
Safety National Casualty Corporation, a multi-line specialty re/insurer and member of the Tokio Marine Group, has acquired U.S broker Midlands Management Corporation. Midlands Management is a managing general agent (MGA), wholesale broker, program administrator and insurance services provider with a specialty in excess workers’ compensation. Following the transaction, the company will become ... Read the full article
3rd January 2019
The latest 1st View report from Willis Re has found that U.S casualty reinsurance pricing trends were mixed at the 1 January 2019 renewals, with pockets of rate increases and decreases across a broadly stable market. The findings came as part of the broker's wider market analysis, which found that Read the full article
3rd January 2019
The Ardonagh Group has completed its planned £165 million acquisition of UK personal lines broker Swinton Group Limited from Covéa Group. Ardonagh revealed that it has now received regulatory approval for the deal, which it originally announced in September 2018. The broker funded the acquisition with committed financing from its existing bank ... Read the full article
2nd January 2019
Estimated global, dedicated reinsurance capital increased by $2 billion in 2018 to $348 billion, driven by growth in the traditional arena as the volume of alternative reinsurance capital remained flat, according to reinsurance broker JLT Re. JLT Re, the reinsurance arm of global brokerage JLT Group, said recently that the Read the full article
2nd January 2019
The January 2019 reinsurance renewals have highlighted a "pricing gap" between cedants with peak peril exposure or poor loss records and other accounts, according to a new report from broker Willis Re. The company earlier told the Financial Times that reinsurance rate increases did not materialise at the 1 January renewals, ... Read the full article
31st December 2018
Two of the UK’s largest independent insurance brokers, Stackhouse Poland and Aston Lark, are reportedly up for sale with a joint value of £600 million, according to online news outlet This is Money. The private equity owners of Stackhouse Poland have reportedly hired individuals from global independent investment banking advisory firm ... Read the full article
31st December 2018
International re/insurance broker RFIB has entered into a partnership with VIPR, an insurance industry IT solutions provider, in order to utilise the firm’s bordereaux management solution 'Intrali'. VIPR states that an impressive bid matching RFIB’s brief was submitted, highlighting evidence of how Intrali has helped the industry, as well as emphasising ... Read the full article
27th December 2018
Global re/insurance broker Marsh has established a China desk in Dubai in order to benefit from the growing commercial links between China, the Middle East and Africa, according to reports by Reuters. Marsh is the latest multinational to make such a move in Dubai, which is benefiting from a regional business ... Read the full article
21st December 2018
Miller Insurance Services LLP, a London wholesale and specialist re/insurance broker, has completed the acquisition of Alston Gayler and Co. When first announced in October, Miller stated that the acquisition of AG - an independent London market insurance and reinsurance broker specialising in multiple business lines - bolsters its offering to ... Read the full article
19th December 2018
Alliant Insurance Services, the U.S specialty insurance brokerage firm, has hired Willis Towers Watson’s (WTW) William Callahan as Senior Vice President. Callahan has spent the previous two decades at WTW, where he also served as Senior Vice President in the broker’s New York office. He has more than 30 years’ experience in ... Read the full article
18th December 2018
The Russian National Reinsurance Company (RNRC), which was created to reinsure Russian firms under Western sanctions, has signed a one-year deal with a local subsidiary of Aon that allows the RNRC to reinsure risks of up to $149 million, according to Reuters. RNRC boss Nikolay Galushin has said the deal with ... Read the full article
18th December 2018
The Chief Executive Officer of the London and International Insurance Brokers’ Association (LIIBA), Christopher Croft, has welcomed new regulations from the US Internal Revenue Service (IRS) and Department of the Treasury to reduce the burden of complying with FATCA (Foreign Account Tax Compliance Act). FATCA in its original form essentially requires ... Read the full article
18th December 2018
EPIC Holdings, Inc. has announced that it plans to acquire Integro Holdings Inc., the company that houses all the U.S operations of international re/insurance broker and risk management firm Integro Group Holdings, LP. The transaction, which is expected to close in January 2019, will see EPIC benefit from the addition of ... Read the full article
17th December 2018
The North American arm of JLT Re has partnered with Pact Insurance, a personal auto Insurtech company, to create a digital insurance solution that covers established and emerging mobility risks. Ed Hochberg, Chief Executive Officer of JLT Re (North America) said the partnership is a testament to the unique and highly ... Read the full article
17th December 2018
The risk advisory and broking firm Willis Towers Watson (WTW) has issued a response to the outcome of the International Accounting Standards Board’s (IASB) discussions regarding potential amendments to IFRS 17, the global accounting standard for insurance contracts, originally scheduled to become effective from 2021. In October 2018 the IASB identified ... Read the full article
