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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.

BMS Re US adds Jonah Pfeffer as Chief Casualty Officer

19th March 2020

Specialist re/insurance broker BMS Group has appointed Jonah Pfeffer as Chief Casualty Officer at BMS Re US. Effective immediately, Pfeffer will report to Pete Chandler, president and Chief Executive of BMS Re US, and focus on the strategic direction of BMS’ casualty offering. He joins with 23 years’ experience and most recently ... Read the full article

Alliant appoints Sean White to employee benefits team

17th March 2020

US specialty insurance broker Alliant has announced the appointment of Sean White to its employee benefits team. As first vice president, White will provide a range of strategic benefits solutions to Alliant’s client base throughout the Northwest. Prior to joining Alliant, White was principal with a national insurance and employee benefits consulting ... Read the full article

Gallagher acquires P&C broker McConnell, Manit & Trout

17th March 2020

International insurance brokerage firm, Arthur J. Gallagher & Co has acquired full-service property and casualty broker McConnell, Manit & Trout. MMT focuses on servicing building materials, energy, waste, construction and transportation industries and has clients across the US. Rick McConnell, Mike Manit, Doug Trout and their associates are expected to continue operating ... Read the full article

WTW appoints Finbow global head of FINEX Financial Institutions

17th March 2020

Global re/insurance broker Willis Towers Watson has appointed Susan Finbow as global head of FINEX (Financial, Executive and Professional Risks) Financial Institutions. Finbow most recently served at Marsh Canada, where she spent nearly 24 years in total and held the role of Financial Institutions Industry Practice Leader for the last 13 ... Read the full article

Arthur J. Gallagher adds Christopher Miskel to Board

16th March 2020

International insurance brokerage firm, Arthur J. Gallagher & Co. has announced the appointment of Christopher Miskel to its Board of Directors. Miskel currently serves as President and Chief Executive Officer of Versiti, Inc., a nonprofit holding company for affiliated blood centers across the upper Midwest of the US. Previously, he served in ... Read the full article

EC3 Brokers sets up international financial & professional lines division

16th March 2020

EC3 Brokers, the Lloyd's of London headquartered commercial lines broker, has announced the establishment of its international financial and professional lines division with the appointment of David Purdy as divisional director. In this role, Purdy will be responsible for growing the business while servicing clients in both the wholesale and retail ... Read the full article

Latest mortality projections model to drive uptick in liabilities: Aon

16th March 2020

Insurance and reinsurance broker Aon expects to see a slight increase in liabilities from the use of the latest model from the Continuous Mortality Investigation (CMI) when compared with the 2018 version of the model. CMI_2019, the newly released March 2020 update of the CMI's projection model, incorporates deaths in the ... Read the full article

US commercial insurance prices accelerate 6% in Q4: WTW

13th March 2020

US commercial insurance prices accelerated during the fourth quarter of 2019, according to re/insurance broker Willis Towers Watson (WTW), as the aggregate price change reported by carriers exceeded 6%. The result continues a trend of acceleration that has been observed over recent quarters, the firm found as part of its Commercial ... Read the full article

EC3 Brokers launches US property wholesale unit

12th March 2020

EC3 Brokers has launched its London-based U.S. property wholesale division, and named Matthew Jeffery as Managing Director and David and Daniel Jeffery as Divisional Directors. All three joined EC3 Brokers at the end of 2019 and in their new roles, will report to James Murphy, Head of Broking at EC3 Brokers. Combined, ... Read the full article

Aon / WTW merger a response to tech disruption, analysts

11th March 2020

Analysts at Peel Hunt have underlined the role technology-driven market disruption is playing in Aon’s decision to make a $30 billion-rated move on Willis Towers Watson. With Lloyd’s investing heavily in ongoing modernisation efforts aimed at lowering brokerage costs, Peel Hunt says the deal could be seen as an antidote ... Read the full article

Gallagher promotes Moon to senior sales director role

11th March 2020

Global re/insurance broker Gallagher has promoted Kathryn Moon to the role of sales director for northern England, the Midlands, Scotland and Northern Ireland. Moon’s new role will see her take responsibility for defining and implementing Gallagher’s business development agenda for the region. She has been with the company since 2013 and has ... Read the full article

Windstorm Ciara/Sabine insured loss to exceed $1.1bn: Aon

11th March 2020

Re/insurance broker Aon has estimated that Windstorm Ciara (also known as Sabine) will cause industry losses of well above €1 billion (US $1.1 billion), with even larger economic losses. Ciara swept across 17 separate European countries over February 9th and 10th, killing at least 14 people and causing major wind-related damage ... Read the full article

Marsh announces Brian Hanuschak as CEO of Victor

10th March 2020

Global insurance brokerage Marsh has announced the appointment of Brian Hanuschak as Chief Executive Officer (CEO) of Victor Insurance Holdings, effective immediately. In his expanded role as CEO of the world's largest managing general underwriter (MGU), Hanuschak takes oversight of the company's global operations including Victor North America, ICAT, Dovetail, and ... Read the full article

Rating agencies stable on Aon, positive on WTW

10th March 2020

Rating agencies Moody’s and S&P Global Ratings have revised their outlooks for Willis Towers Watson (WTW) to positive, while maintaining a stable view on Aon, following yesterday’s confirmed merger deal between the two broking giants. After weeks of speculation about a potential deal, the companies announced a definitive agreement to ... Read the full article

Protecdiv adds Lester Pierre as CTO

10th March 2020

Specialty property and casualty re/insurance broker Protecdiv has appointed Lester Pierre as Chief Technology Officer and Chief Information Security Officer. Pierre was co-founder and CTO for software development company Wall Street Network and spent eleven years as VP and Chief Information Officer at reinsurance broker Holborn Corporation. “Leveraging leading-edge process and technology ... Read the full article

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