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

Cobbs Allen forms specialty brokerage CAC, announces leadership

19th August 2019

US risk management and insurance brokerage Cobbs Allen has announced the formation of CAC Specialty, a platform which will combine the capabilities of an investment bank and an insurance broker. Cobbs says this new specialty insurance brokerage and investment banking platform will work as a response to the long-term convergence of ... Read the full article

UK bulk annuity market could exceed £35 billion in 2019: Aon

19th August 2019

Given the deals already transacted and those in the offing, global re/insurance brokerage Aon believes the UK bulk annuity market could well exceed £35 billion in 2019 and possibly even surpass the £40 billion mark. Aon’s Senior Partner and Head of Risk Settlement, Martin Bird, highlights what has proved to be ... Read the full article

Willis Towers Watson names Adam Garrard as new CRB leader

15th August 2019

Global insurance and reinsurance brokerage Willis Towers Watson (WTW) has revealed that Adam Garrard is to replace Todd Jones as leader for the Corporate Risk & Broking (CRB) segment. Garrard is currently WTW Head of International and member of the broker's Operating Committee, and he will continue to serve as acting ... Read the full article

Australian reinsurance, binder broker Wickshire gets Lloyd’s approval

15th August 2019

Sydney, Australia-based Reinsurance and Binder Broker, Wickshire Pty Ltd., has announced that it has been approved as a Lloyd's of London Broker. The approval means that Wickshire is the only Australian domiciled business to hold this status, and provides the firm's clients will direct access to the entire London Lloyd's marketplace. Wickshire, ... Read the full article

Black to lead Risk Strategies’ National Professional Liability Practice

14th August 2019

U.S. domiciled insurance brokerage Risk Strategies has appointed Darren Black to lead its National Professional Liability Practice group. Industry veteran Black joins Risk Strategies after leading the professional services practice for U.S. brokerage, IMA Financial Group. Prior to this, Black served as Managing Director and leader of the design liability practice at ... Read the full article

Tysers opens Bermuda affiliate, relocates Tomkins to lead

14th August 2019

Specialty Lloyd’s broker Tyser has announced the launch of its Bermuda-based affiliate and appointed its Managing Director of Reinsurance, Richard Tomkins, to lead the new operations. Tomkins has relocated from London to Bermuda and becomes Managing Director of Tysers Bermuda. He has over 30 years’ experience covering both mainstream and specialty areas ... Read the full article

Gallagher makes changes to PS&E leadership

14th August 2019

Global insurance broker Gallagher has announced a number of changes within its Public Sector & Education (PS&E) leadership team in order to best meet shifting client demand. Gallagher has revealed that Peter Mason, Executive Director of PS&E, will take on the additional responsibilities of leading a major new strategic initiative designed ... Read the full article

July losses reach into billions of dollars after record heat, rainfall: Aon

13th August 2019

The impact of hurricane Barry combined with a series of severe thunderstorms in the U.S., monsoonal flooding across parts of Asia, and a record-breaking heatwave in parts of Europe contributed to billions of dollars of insured losses in the month of July, according to re/insurance broker Aon. Hurricane Barry made landfall ... Read the full article

Lockton adds Aon’s Barber to lead global healthcare practice

12th August 2019

Global re/insurance brokerage Lockton has appointed William Barber to lead an international healthcare practice focused on driving collaboration and integration across its London teams and international network. It’s hoped the practice, formed as part of the company’s professional and financial services offering, will enable Lockton to bring the best of the ... Read the full article

Cyber may force reinsurers to redefine boundaries of war: Capsicum Re

9th August 2019

A new report by specialist reinsurance broker Capsicum Re has contended that cyber perils transcend traditional lines of business and challenge the very concept of war as it has historically been understood by the re/insurance market. Analysts argue that current war exclusionary language has been rendered unfit for purpose, due to ... Read the full article

There may be no future for small generalist brokers, says Gallagher CEO

8th August 2019

Small, generalist insurance and reinsurance brokers could find survival increasingly challenging as the need to be a specialist in order to remain relevant increases, according to the Chief Executive Officer (CEO) of brokerage Arthur J Gallagher, Patrick Gallagher. In a recent interview with the Financial Times (FT), Gallagher suggested that the ... Read the full article

The Boeing Company’s Michael Tarling rejoins Marsh

7th August 2019

International re/insurance brokerage Marsh has appointed Michael Tarling as Senior Adviser within the Aviation Practice of Marsh JLT Specialty. Tarling previously worked for Marsh between 2005 and 2011, and rejoins the broker in what's a newly-created position that will see him deliver senior client engagement and risk advisory services to Marsh ... Read the full article

Risk Strategies appoints Giannone to lead Chicago office, oversee central U.S.

7th August 2019

U.S. domiciled insurance brokerage, Risk Strategies, has appointed Steve Giannone to run its Chicago office and oversee operations in its central U.S. region. Industry veteran Giannone joins Risk Strategies from USI Insurance Services’ Insurance Brokerage and Consulting practice in Chicago, where he most recently served as Senior Vice President (SVP) and ... Read the full article

Cobbs Allen expands insurance brokerage team with David Payne hire

7th August 2019

David Payne has joined Cobbs Allen from JLT US as the firm continues to expand its insurance brokerage team. He is set to join the company's leadership team that is building a national specialty platform dedicated to providing complex risk solutions for corporate and private equity clients. Most recently, Payne served as ... Read the full article

Willis Towers Watson targets pricing fairness & transparency with Radar 4.5

6th August 2019

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has released an updated version of its Radar pricing software, designed to provide insights on pricing fairness and address the growing need for transparency. Radar 4.5 is the latest version of the broker's pricing software, and WTW states that its next generation insurance ... Read the full article

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