Reinsurance News

Reinsurance broking news

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

Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.

Aon hires Jon Wiegand as Head of Power in UK Global Broking Centre

13th April 2021

Insurance and reinsurance broker Aon plc has appointed Jon Wiegand as Head of Power in the UK Global Broking Centre. He will report to James MacNeal, Managing Director of Construction and Power. Wiegand’s role will take place later this year, and is set to align with the development of Aon’s global Energy ... Read the full article

US weather drives $1bn+ industry loss in March: Aon

12th April 2021

Re/insurance broker Aon has estimated that insured catastrophe losses are likely to exceed $1 billion in March, following an active month for severe weather in the US. Weather outbreaks in the US included hail, flooding and a total of 122 tornadoes, which was the highest monthly count since 2017. Of these, ... Read the full article

Aon / WTW: Concessions show willingness to complete partial deal, say analysts

12th April 2021

In offering deal-related concessions to the European Commission, Aon and Willis Towers Watson have shown their “willingness to complete even a partial deal,” according to equity analysts at Keefe Bruyette & Woods (KBW). As we reported earlier this morning, the European Commission has restarted the clock on the Aon and ... Read the full article

Honan launches reinsurance broking unit, Honan Re

12th April 2021

Commercial broker Honan Insurance Group has announced the launch of Honan Re, a new unit that will offer facultative reinsurance solutions to the organisation’s insurance partners. Based in Singapore, Honan Re will commence operations this week, led by Honan Asia’s Managing Director Eliza White. Executive Chairman Damien Honan commented on the launch: ... Read the full article

Aon / Willis Towers Watson: EC restarts clock as concessions offered

12th April 2021

The European Commission (EC) has restarted the clock on its investigation into the proposed combination of Aon and Willis Towers Watson (WTW), after concessions were submitted on April 9th, but the deadline for completion has now been pushed into the second-half of the year. The regulators have been looking into the ... Read the full article

Willis Re views industry capital levels as resilient

9th April 2021

A new report from Willis Re has examined the capitalization of re/insurers in the US and European markets, concluding that both have proved resilient to the challenges of the pandemic. In the US, Willis Re found that P&C companies continued to show very strong risk-adjusted capitalization scores despite the increase in ... Read the full article

Gallagher adds WTW’s Alex Ross as public sector account director

8th April 2021

International insurance broker Gallagher has announced the appointment of Alex Ross as account director in the firm’s public sector team. Ross will report to Mark Whittingham, who leads the public sector team in Gallagher’s Southampton office, as part of a team supporting a portfolio of clients which includes blue-light organisations, local ... Read the full article

Aston Lark acquires DNA Insurance Services

8th April 2021

Aston Lark, the chartered insurance broker backed by Goldman Sachs, has acquired DNA Insurance Services to further strengthen its motor trade expertise. DNA Insurance was established in 2003, with offices in Romford and Southampton. The motor trade specialist also covers additional services across business insurance and private client home and car insurance. Peter ... Read the full article

Brokerslink adds B. Riley Advisory Services Group to network

8th April 2021

Independent broker network Brokerslink has expanded its international network with the addition of financial advisory, B. Riley Advisory Services Group. Riley’s Compliance, Risk and Resilience practice specialises in business continuity, cybersecurity risk management, crisis management, enterprise risk management and operational resilience for corporate organisations across a range of industry sectors. Brokerslink’s partners ... Read the full article

Good progress made at “disciplined” April renewals: Willis Re’s Vickers

7th April 2021

Willis Re’s James Vickers believes that reinsurers made “good progress” at an April renewal period that saw underwriting discipline and a continuation of the rate increases seen at 1/1. Vickers, who is Chair of Willis Re International, recently spoke to Reinsurance News alongside the release of Willis Re’s 1st View ... Read the full article

Arthur J. Gallagher acquires Parisco in Norway

7th April 2021

International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Parisco, a marine and energy broker based in Norway. Founded in 2001, Parisco serves contractors, offshore service vessels, exploration and production, shipping, passenger vessels and renewable energy clients. Following the acquisition, Parisco head Dag Magne Torjussen and his ... Read the full article

Acrisure hires Matthew Marolda as CIO

7th April 2021

Global insurance broker and fintech financial services provider Acrisure has appointed Matthew Marolda as its first Chief Innovation Officer. He will be focusing on business and growth opportunities aligned with Acrisure’s artificial intelligence (AI), data and technology platform. Marolda has spent his career using data and analytics to drive strategic, marketing and ... Read the full article

Ardonagh Global Partners launches, acquires AccuRisk

6th April 2021

Re/insurance broker The Ardonagh Group has announced the launch of Ardonagh Global Partners and its first acquisition in the US. Led by former Chief Executive Officer of Bravo Group Des O'Connor, AGP will look to invest in leading platforms operating in markets and product verticals outside of the UK and Europe ... Read the full article

Marsh (MMA) acquires Montana-based PayneWest Insurance

6th April 2021

Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has announced the acquisition of PayneWest Insurance, a Missoula, Montana-based independent agency. PayneWest, which was founded almost 30 years ago, provides business insurance, surety, employee benefits, and personal insurance services to firms and individuals across the Northwest through ... Read the full article

Lockton US hires new Executive Risk Claims leader

1st April 2021

Global re/insurance broker Lockton has appointed Sarah Downey to lead Executive Risk Claims. Downey most recently served as Managing Director, U.S. D&O Product Leader and Digital Asset Risk Transfer Leader for Marsh’s FINPRO Practice. She also served as a senior claims advocate for complex claims at Marsh. Downey joined Marsh in 2014 and ... Read the full article

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