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

Gero Michel joins Aon’s Reinsurance Solutions unit to lead UK & EMEA Analytics

2nd September 2019

Gero Michel has joined Aon from Chaucer to lead the re/insurance broker's UK & EMEA Analytics for its Reinsurance Solutions division. In his new role he will report to Eric Paire, Head of Capital Advisory, International, Aon's Reinsurance Solutions business. He will be responsible for devising and driving analytics innovation and strategy ... Read the full article

Re/insurers’ silent cyber concerns ease in 2019, finds Wills Re survey

29th August 2019

The re/insurance sector is considerably less concerned about silent cyber exposures than it was in 2018, according to an annual global survey by Willis Re, the reinsurance division of broker Willis Towers Watson. Analysts believe that the fall in silent cyber claims expectations could stem from the absence of wide-scale cyber ... Read the full article

Cyber, IT security the “soft underbelly” of UK SMEs: Gallagher

29th August 2019

Analysis conducted by global insurance brokerage Gallagher has highlighted the vulnerability of Small and Medium Enterprises across the UK to what it describes as “crisis events”, a category that includes cyber-attacks, extortion, industrial espionage and terrorism. Gallagher says such events are costing UK SMEs billions of pounds a year and that ... Read the full article

Lockton appoints Teegarden as Senior VP, Client Exec

27th August 2019

Global re/insurance brokerage Lockton has announced the appointment of Andrew Teegarden as Senior Vice President, Client Executive. Teegarden brings over 16 years’ experience to the role and joins from Aon, where he served as a Senior Vice President responsible for risk management clients across multiple industries. Prior to Aon, he spent three ... Read the full article

CAC Specialty adds Colin Daly as EVP & Co-lead of Financial Lines

27th August 2019

CAC Specialty, a specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has appointed Colin Daly as Executive Vice President and Co-leader of the firm’s Financial Lines Practice (FLP). A founding member of JLT Specialty US, Daly was key in shaping its US business. He also formed and ... Read the full article

Aon forms Accident, Health & Life practice group for reinsurance business

27th August 2019

Re/insurance broker Aon has created a global Accident, Health & Life practice group in its Reinsurance Solutions business to help insurers take advantage of growth opportunities in the sector. The group will be chaired by Roger Smith, who was previously Head of Accident, Health & Life for EMEA in Aon’s Reinsurance ... Read the full article

CAC Specialty adds Jennifer Schaeffer as Senior VP

23rd August 2019

CAC Specialty, a specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has appointed Jennifer Schaeffer as its Senior Vice President. Schaeffer, who joins from Marsh JLT Specialty where she served as Senior Vice President, has been appointed to bolster the firm’s west coast business, accelerate growth ... Read the full article

EPIC Insurance Brokers adds RBS Re founders to reinsurance unit

22nd August 2019

EPIC Insurance Brokers and Consultants, a retail property and casualty (P&C) broker and employee benefits consultant, has announced the appointment of four ex-RBS Re employees to its growing reinsurance unit, EPIC Reinsurance (EPIC Re). Alex Soria, Tony Rodriguez, Randy Baker and Ken Knopp form a team of healthcare reinsurance specialists who ... Read the full article

Stonybrook advises on Florida Peninsula’s $30m senior debt raise

22nd August 2019

Investment banking and reinsurance brokerage Stonybrook Capital has announced its involvement as exclusive advisor to homeowners insurer Florida Peninsula on a senior debt facility of up to $30 million. The transaction is believed to have enabled Florida Peninsula to refinance its existing debt and bolster regulatory capital. "The debt market is an ... Read the full article

Marsh strengthens leadership of US, Canada Energy & Power Practice

22nd August 2019

Global re/insurance brokerage Marsh has appointed Amy Barnes and Brad Vescarelli to leadership positions within its US and Canada Energy and Power Practice. Barnes had previously worked to help to shape the newly formed Marsh-JLT Specialty Energy and Power team. She will now report to Pat Donnelly, Head of US and Canada ... Read the full article

UK motor claims inflation up 8.6% with more pressure to come: WTW

22nd August 2019

Motor claims payout inflation in the UK rose by 8.6% in 2018, with further pressure expected throughout 2019, according to the latest benchmarking analysis from broker Willis Towers Watson (WTW). Analysts found that the average cost per claim now comes in at £4,791, having increased for the fourth consecutive year Gross accidental ... Read the full article

SSL Endeavour bolsters leadership with two senior appointments

21st August 2019

SSL Endeavour, the specialist independent Lloyd’s broker and delegated authority expert, has announced the appointments, with immediate effect, of Jonathan Palmer-Brown and Hugh Crossland as group Non-Executive Chairman and group Chief Financial Officer respectively. Jonathan Palmer-Brown joins with over 50 years’ experience, having first entered the London market in 1968 with ... Read the full article

Guy Carpenter secures key reinsurance role in Cali Wildfire Fund

20th August 2019

Global reinsurance brokerage Guy Carpenter has been selected as the sole reinsurance intermediary for the recently-formed California Wildfire Fund, as the state looks to mitigate the risk after two heavy loss years. Together with the fund’s administrator, the California Earthquake Authority (CEA), Guy Carpenter will provide strategic reinsurance and advisory services ... Read the full article

Lockton appoints Marsh’s Beresheim to lead Specialty Practices

19th August 2019

Global re/insurance brokerage Lockton has appointed Devin Beresheim to succeed the recently-retired Brian Kawamoto as Executive Vice President of its Specialty Practices business. Beresheim, who joins from Marsh with nearly 30 years’ experience, will report to Lockton’s US President and Chief Operating Officer, Peter Clune. "Using a baseball analogy, Devin is the ... Read the full article

Demand for W&I cover in EMEA rises as claims notifications spike: Marsh

19th August 2019

Marsh has released its Transactional Risk Insurance Claims study, which reveals that since 2016, warranty & indemnity (W&I) claims notifications across Europe, the Middle East and Africa (EMEA) have increased significantly. Insurance and reinsurance broker Marsh notes that claims notifications have increased by 293% from 2016 to 2018, adding that this ... Read the full article

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