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

Peter Townsend appointed to develop Miller’s NA Marine business

17th December 2019

Insurance and reinsurance broker Miller has announced that Peter Townsend will be joining its Marine team in January 2020 to support new business development in North America. Townsend, who is the founder of Ensign Consultancy Ltd., brings extensive marine industry experience to the role, having served as Chairman of the London ... Read the full article

Aon targets private equity investors in NAIC partnership

17th December 2019

Global re/insurance brokerage Aon has partnered with The National Association of Investment Companies, the largest network of diverse-owned private equity firms and hedge funds. The move will give Aon an opportunity to offer its services to NAIC member companies, which are expected to increasingly pursue innovative and complex transactions as the ... Read the full article

Marsh appoints Walsh head of corporate division office, Leeds

17th December 2019

Global re/insurance brokerage Marsh has appointed John Walsh as head of office, corporate division in Leeds. Walsh, who has been with Marsh for over six years, reports to Allan McPherson, regional managing director for North of England & Scotland, Corporate Division. In his new role as head of office in Leeds, Walsh ... Read the full article

Alex Orloff named Director of Capital Markets Analytics, BMS Capital Advisory

16th December 2019

Insurance and reinsurance brokerage BMS Group has named Alex Orloff as Director of Capital Markets Analytics at BMS Capital Advisory, the firm's investment banking unit. In this role, Orloff will report to Romulo Braga, Chief Executive Officer (CEO) of BMS Capital Advisory, effective immediately. He will be tasked with leading the development ... Read the full article

Marsh adds four to aerospace team in London

13th December 2019

Global re/insurance brokerage Marsh has added Oliver Boreham, Robin Milan, Victoria Mayes, and Kevin Eley to its aerospace team in London. Boreham and Milan, who both join as aerospace brokers from K.M. Dastur and Willis Towers Watson respectively, are expected to start in the first quarter of 2020 and will report ... Read the full article

Aon London’s Scott Taylor to lead Miller’s International FI & D&O unit

13th December 2019

Broker Miller has announced the appointment of Scott Taylor from Aon London to lead the firm's International Wholesale Financial Institutions and Directors & Officers' (FIDO) division. In his new role, Taylor will be responsible for managing and developing the broker's existing international FI and D&O offering and product. He has a ... Read the full article

Risk Strategies acquires Gowie Holdings’ insurance subsidiaries

12th December 2019

US insurance broker and risk management firm Risk Strategies has acquired two subsidiaries of Gowrie Holdings in a move aimed at bolstering the capabilities of the firm’s national private client practice. The acquisitions include both Gowrie Group, a full-service national specialty retail insurance brokerage, as well as Maritime Program Group, a ... Read the full article

US commercial insurance prices accelerate in Q3: Willis Towers Watson

11th December 2019

Data from Willis Towers Watson's (WTW) latest Commercial Lines Insurance Pricing Survey shows that the majority of business lines indicated significant price increases in the third-quarter of 2019. Overall, U.S. commercial insurance prices accelerated in the quarter, with carriers reporting an aggregate price change of more than 4%. Insurance and reinsurance broker ... Read the full article

Brown & Brown eyes Canadian broker market with Special Risk acquisition

11th December 2019

Insurance brokerage firm Brown & Brown, Inc. has announced an agreement to acquire the assets of Canada domiciled MGA, Special Risk. Brown & Brown says that the acquisition of Special Risk is an important step towards its establishment of a presence in the Canadian insurance brokerage sector. Following the completion of the ... Read the full article

Offshore wind renewable energy specialist Green joins Miller

11th December 2019

Specialist insurance and reinsurance broker, Miller Insurance Services LLP, has announced that facultative reinsurance broker and producer, Andrew Green has re-joined the firm. An offshore wind renewable energy specialist, Green will produce and place facultative reinsurance for the construction and operation of offshore wind farms, with an initial focus on Europe, ... Read the full article

WTW launches IFRS 17 software solution

10th December 2019

Global re/insurance broker Willis Towers Watson has launched an out-of-the-box software solution designed to help P&C insurers more easily implement IFRS 17. ResQ Financial Reporter is a calculation and data management solution designed to provide an efficient framework in order to generate the financial statements and supporting disclosure requirements of IFRS ... Read the full article

Fitch sees strong revenue expansion for US insurance brokers in 2020

9th December 2019

Favourable U.S. commercial lines pricing trends coupled with high levels of organic growth is expected to contribute to strong revenue expansion for publicly traded U.S. insurance brokers in 2020, according to Fitch Ratings. Fitch notes that current market conditions suggest a continuation of favourable margins for U.S. insurance brokers in 2020. ... Read the full article

Gallagher adds Drowley to aerospace practice as head of policy wordings

9th December 2019

Re/insurance broker Gallagher has added Neil Drowley to its global aerospace practice as head of policy wordings. Drowley, whose appointment is effective immediately, will be based in London while overseeing Gallagher’s specialist wordings team, managing all phases of contract administration and wordings review. He brings over 25 years’ experience and most recently ... Read the full article

BMS names Chandler CEO of US reinsurance, restructures management

9th December 2019

Specialist insurance and reinsurance broker BMS Group has announced the appointment of Pete Chandler as President and Chief Executive Officer of BMS Re US, effective December 9th. Chandler joined BMS in May 2019 from JLT Re, taking up a role as President of US reinsurance operations. Now, in his expanded role, ... Read the full article

LIIBA reveals launch of new broker committee in 2020

9th December 2019

A new insurance and reinsurance brokerage committee is set to be launched next year by the London and International Insurance Brokers' Association (LIIBA), called the Broker Placing Committee (BPC). The BPC has been designed to replace the organisation's Broker Placing and Electronic Development Committee (BPED) and its PPL Broker Panel, which ... Read the full article

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