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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.

Nexus broking division acquires trade credit business of Howden UK

10th March 2020

Xenia Broking Group, the independent broking arm of Insurance intermediary holding company Nexus Group, is set to acquire the trade credit business of Howden UK. The transaction will complete on 31 March 2020 following which Xenia will integrate Howden’s trade credit business with its regulated entity Credit Risk Solutions Limited. “This is ... Read the full article

Aon confirms combination with Willis Towers Watson

9th March 2020

Global insurance and reinsurance broker Aon has confirmed that it will combine with rival broker Willis Towers Watson, following weeks of speculation about a potential deal. The companies today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. "This combination will ... Read the full article

Risk Strategies adds captive manager following Atlas Group purchase

6th March 2020

US insurance broker and risk management firm Risk Strategies has acquired captive specialist Atlas Insurance Management. The acquisition is a result of Risk Strategies’ purchase of Atlas Group and its affiliated entities. In addition to managing captive insurance entities, Atlas Insurance Management forms and operates a number of its own insurers. In particular, ... Read the full article

AFL adds Sarah Stephen as head of binding authorities

5th March 2020

Independent Lloyd’s broker AFL Insurance Brokers has announced the appointment of Sarah Stephen as head of binding authorities. She brings over 25 years’ experience to the role and most recently served as senior client manager for Munich Re’s Hartford Steam Boiler. Before that, Stephen spent 10 years as underwriting manager for two ... Read the full article

Tim Nagle joins Miller from rival broker Integro

5th March 2020

Specialist re/insurance broker Miller has added motorsport insurance specialist, Tim Nagle to its team in order to support growth in all areas of sport and entertainment. In his new role, Nagle will focus primarily on individual athletes and drivers, companies and associations with event liabilities and governmental organisations involved in sport. Over ... Read the full article

Lockton Re names Ross Howard chairman amid leadership reshuffle

5th March 2020

Lockton Re, the reinsurance division of broker Lockton, has named Ross Howard as global chairman alongside a series of high profile leadership appointments. Howard is the former Chief Executive Officer of Towers Watson and was most recently chairman at JLT Re. He also served as vice chairman of Guy Carpenter for a ... Read the full article

Businesses turning to credit insurance as volatility grows: Aon

5th March 2020

Re/insurance broker Aon believes that businesses are increasingly turning to credit insurance solutions as a way to manage uncertainty in an increasingly volatile economic, political and consumer environment. As part of a new report, the firm noted that the credit market has seen steady growth in recent years, with covered receivables ... Read the full article

Marsh opens Cyber Catalyst 2020 evaluation program

4th March 2020

Re/insurance broker Marsh has announced the 2020 opening of its Cyber Catalyst program, which aims to evaluate and designate products and services that can be effective against major cyber threats. In the inaugural 2019 program, more than 150 products and services were submitted for evaluation, with 17 ultimately receiving a Cyber ... Read the full article

CAC Specialty adds Marsh’s John Kim as environmental exec

4th March 2020

Specialty insurance broker and investment banking platform CAC Specialty has announced the appointment of John Kim as senior vice president within its environmental practice group. Kim brings over 25 years’ experience and most recently served as a managing director at Marsh. He began his career as an industrial hygienist and environmental scientist, ... Read the full article

AJ Gallagher acquires NY-based insurance broker, CMS

4th March 2020

International insurance brokerage firm, Arthur J. Gallagher & Co. (AJG), has announced that it has acquired CMS, LLC, a New York-based full-service wholesale insurance broker. The terms of the transaction have not been disclosed but it has reported that Scott Charney, Rich Verdi, Michael Raab and their associates will remain in ... Read the full article

MMC appoints FEMA’s Dr. Kaniewski as MD, Public Sector

3rd March 2020

The former Deputy Administrator for Resilience at the Federal Emergency Management Agency (FEMA), Daniel Kaniewski, has joined Marsh & McLennan Advantage as Managing Director, Public Sector. The Marsh & McLennan Advantage group combines the expertise from across the global re/insurance broker's four businesses in order to deliver innovative solutions to clients. In ... Read the full article

Miller bolsters cargo and stock throughput team

2nd March 2020

Specialist re/insurance broker Miller has added Daniel Leveridge, Rebecca Eagles and George Saunders to work on cargo and stock throughput business emanating from North America. Leveridge will work with Miller’s brokers on insurance programmes for complex supply chain risks. He brings an extensive technical knowledge of modern supply chains and a deep ... Read the full article

Ed adds Chloë Cox, Alex Atkinson as divisional directors

28th February 2020

Global reinsurance, wholesale and specialty lines broker Ed has announced the appointments of Chloë Cox and Alex Atkinson as divisional directors for its professional and executive risk team in London. Effective immediately, Cox and Atkinson will primarily be responsible for developing and expanding the North American and Australian/New Zealand wholesale book. They ... Read the full article

UIB adds Miles Taffs to Aviation & Space team

27th February 2020

International re/insurance broker UIB has announced the appointment of Miles Taffs as Deputy Managing Director of its Aviation & Space team. He joins on March 16 and will report directly Craig Fisher, UIB’s Managing Director of Aviation and a Board Director of UIBL. Taffs has more than 30 years of experience in ... Read the full article

Life broker Reassured sells minority stake to fund growth plans

26th February 2020

UK life insurance broker Reassured has agreed to sell a minority stake to investor Bridgepoint Development Capital (BDC) in order to fund the future development of the business. The company said the transaction would allow it to focus on growth plans such as investment in new technologies and the development of ... Read the full article

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