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Reinsurance News
Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.
6th January 2020
Insurance brokerage Aston Lark has announced the appointments of a new Chief Executive Officer (CEO) and Chief Financial Officer (CFO) in Ireland following the acquisitions of Wright Insurance Brokers and Robertson Low. Specifically, Robert Kennedy joins as CEO Ireland and Mark Nolan as CFO Ireland, effective March 2020, subject to regulatory ... Read the full article
6th January 2020
BGC Insurance Group, a division of global brokerage and financial technology firm BGC Partners Inc., has now announced the name and brand for its global aerospace insurance and reinsurance brokerage, Piiq Risk Partners. The inception of the company's specialist global aviation and aerospace re/insurance brokerage was announced in the summer of ... Read the full article
6th January 2020
Re/insurance broker Gallagher has expanded its presence in Asia with the acquisition of a minority stake in specialist Malaysian broker SP&G Insurance Brokers. SP&G is a multi-discipline commercial insurance broker that specialises in coverages for the aviation market, as well as in solutions for property & casualty, marine, engineering, and other ... Read the full article
6th January 2020
Reinsurance broker Guy Carpenter, part of Marsh & McLennan Companies, has named a new Chief Executive Officer (CEO) for the Pacific region, promoting Jeff Saper to the role. Saper is a long-time Guy Carpenter employee in the Australia and Pacific region, having joined the company in 1999 and working there for ... Read the full article
2nd January 2020
Willis Re, the reinsurance arm of global insurance brokerage Willis Towers Watson, has noted a divergent and late January renewal season which saw some considerable price increases in certain lines of business. Overall, Willis Re states that reinsurers have been judicial during the January 1st renewal season, resulting in significant pricing ... Read the full article
31st December 2019
General re/insurance brokerage Pana Harrison has entered into a long term partnership with Mitsui & Co, one of the largest global trading and investment companies. Following the transaction, Mitsui will be Pana Harrison’s largest institutional shareholder, while the company’s management will continue to manage and own a stake with The Huntington ... Read the full article
27th December 2019
US specialty insurance broker Alliant Insurance Services has announced the appointment of Karey Vaught as Executive Vice President, Managing Director. Joining the company from Marsh, Vaught will provide insurance and risk advisory services to energy and marine clients across the US. “Karey brings with him an impressive track record and strong leadership ... Read the full article
24th December 2019
Global reinsurance broker Guy Carpenter has announced the appointment of Patrick Schepens as Chief Executive Officer (CEO) of the Benelux region, effective April 2020. In his new role, Schepens will be based in Brussels and will take responsibility for all of the company's activities in the Benelux region. At the same ... Read the full article
20th December 2019
Arthur J. Gallagher & Co. recently announced the acquisition of Sinclair Billard and Weld Limited, and CJM Solutions + Inc., dba SBW Employee Benefits. SBW Employee Benefits is a Halifax, Nova Scotia-based designer, administrator, marketer and manager of comprehensive group insurance programs, and defined contribution group retirement programs for businesses and ... Read the full article
18th December 2019
Specialty risk solutions business McGill & Partners, founded this year by insurance broking veteran Steve McGill, has grown its employee headcount from five to 134 and is set to oversee $250 million of premium flow going into 2020. The build-out and growth of the business was financed through an initial ... Read the full article
18th December 2019
Howden, part of the Hyperion Insurance Group, has partnered with Abu Dhabi-based broker Guardian Insurance Brokers LLC to strengthen its position in the Turkey, Middle East and Africa (TMEA) region. Howden established its first presence in the UAE with an office in Dubai in 2008 and an office in Abu Dhabi ... Read the full article
17th December 2019
Flood Re, the UK’s government-backed reinsurance scheme, has commenced the process of finding a new retrocessional reinsurance broker to support the company over the coming three to six years. Eligible brokers have been asked to submit an application by January 23, 2020, with the new contract set to begin on July ... Read the full article
17th December 2019
Global reinsurance brokerage Ed has appointed Marsh Bermuda's Mark Simons as Head of Business Development and Production, Bermuda. Simons joins the firm next month and will have a focus on both developing and fostering client relationships. While at Marsh Bermuda, he served as Senior Vice President of FINPRO. During his career, Simons ... Read the full article
17th December 2019
Specialist insurer Beazley has announced that it will serve as carrier partner for the new Architects and Engineers (A&E) professional liability insurance program from US broker SterlingRisk. The new program comes after SterlingRisk acquired renewal rights from Affinity Insurance Services for accounts in the Aon A&E Advantage professional lability insurance program. “The ... Read the full article
17th December 2019
US specialty insurance broker Alliant Insurance Services has announced the acquisition of TCOR Management, a Texas-based risk management firm. Founded in 1972, TCOR provides commercial insurance to the energy and construction industries as well as surety, loss control services, and employee benefits. The company has offices in New Braunfels, Beeville, and Tyler, ... Read the full article
