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

Value of InsurTech deals up by 155% in Q4: Willis Towers Watson

25th February 2019

Global insurance and reinsurance broker, Willis Towers Watson, has said that the number of InsurTech deals announced globally in Q4 2018 increased by 24% to 63, with a total value of $1.59 billion, which is growth of 155% on the same period in 2017. This is according to the broker's Quarterly ... Read the full article

WTW adds Chubb’s Ben Dunston as Head of Broking in Asia

22nd February 2019

Global re/insurance brokerage Willis Towers Watson (WTW) has announced the appointment of Ben Dunston as Head of Broking in Asia, effective March. Dunston was previously the Head of Marine at Chubb Insurance Company, Singapore. Prior to that he held key leadership positions, including at Chubb Syndicate London and Pembroke Managing Agency London. “With ... Read the full article

THB bolsters board with four senior appointments

22nd February 2019

Specialist insurance and reinsurance broker THB Group has made four senior board appointments including Kay Smith, who joins as Group Chief Financial Officer. Smith takes over from Rob Wilkinson, who transitions to commercial director. Smith has held a number of senior financial positions in the insurance broking sector, most recently at Arthur ... Read the full article

Aquiline Capital announces takeover of broker Relation Insurance Services

22nd February 2019

Aquiline Capital Partners LLC, a private equity firm that invests in financial services and technology, has announced that it's to acquire U.S. independent insurance brokerage Relation Insurance Services from private equity firms Parthenon Capital and Century Equity Partners. Founded in 2007, Relation Insurance specialises in numerous industries, including agribusiness, education, employee ... Read the full article

Brokerslink adds regional manager for Europe

22nd February 2019

Global broking network Brokerslink has announced the appointment of Christos Gavriel as regional manager for Europe. Gavriel currently serves as Managing Broker for Renaissance Insurance Brokers, a leading independent corporate insurance brokerage in Cyprus he established in 2008. Previously, he worked as Regional Property Underwriting Manager Middle East, Mediterranean, South Asia at ... Read the full article

GTCR acquires broker AssuredPartners from Apax VIII

21st February 2019

Apax VIII is to sell its entire stake in U.S. insurance brokerage AssuredPartners to an investor group led by Chicago-based GTCR, which actually owned the broker from its inception in 2011 before its sale to Apax VIII in 2015. The deal reunites previous backer GTCR with AssuredPartners roughly four years after ... Read the full article

Irma loss creep & AOB costs to drive up primary rates in Florida, says COIN Re

21st February 2019

Unprecedented levels of loss creep stemming from Hurricane Irma, as well as costs related to loss adjustment expenses and assignment of benefits (AOB) lawsuits, are likely to drive up insurance rates for Florida homeowners, according to reinsurance broker COIN Re. Analysts at the Florida-based broker, which was launched in October ... Read the full article

David Gregori to lead Willis Re’s new Asia Pacific agriculture team

20th February 2019

Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has launched a new Agriculture team for the Asia Pacific region and appointed David Gregori to lead it. As Head of Agriculture for Asia Pacific, Gregori will lead a team based in Hong Kong to support clients and partners ... Read the full article

FCA concludes wholesale broker study, finding no competition concerns

20th February 2019

The Financial Conduct Authority (FCA) has concluded its investigation into the London wholesale broker market, finding no evidence of competition concerns in the sector. The UK financial regulatory body launched its study in November 2017 to assess how effectively competition is working in the wholesale broker market. “Overall, the FCA has not ... Read the full article

Aon highlights greatest cyber security challenges for businesses

14th February 2019

Global insurance and reinsurance broker Aon has published a new report that details the greatest cyber security threats and challenges to organisations in 2019, highlighting both the significant opportunities and risks that new technologies bring. The 2019 Cyber Security Risk Report identified eight key areas where business are likely to face ... Read the full article

Ryan Specialty Group to acquire wholesale broker Westphalen

14th February 2019

Ryan Specialty Group has agreed to acquire the assets and operations of Westphalen Insurance Services Inc., an independently owned wholesale insurance brokerage located in Edmond, Oklahoma. The Westphalen team will become part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, and will establish the company’s presence in Oklahoma. Founded ... Read the full article

Lambrou appointed Global CEO of Commercial Risk Solutions, Aon

11th February 2019

Global insurance and reinsurance broker, Aon, has named veteran Aon leader, Lambros Lambrou as Global Chief Executive Officer (CEO) of its Commercial Risk Solutions division. According to the broker, this appointment is another significant step to realise the full potential of its Aon United growth strategy. Lambrou replaces Mike O'Connor as CEO ... Read the full article

Willis Towers Watson reports organic revenue growth

8th February 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) recorded revenue growth of 3% for the fourth-quarter and 5% for the full-year of 2018, driven in part by solid organic growth within its Investment, Risk & Reinsurance segment. The broker has reported Q4 net income of $169 million, down from the ... Read the full article

RFIB adds Stanoch as Managing Director of Americas

7th February 2019

International re/insurance broker RFIB Group has announced the appointment of Joseph Stanoch as a Managing Director of RFIB Americas, effective immediately. Stanoch, who joins with over 35 years’ experience in the reinsurance industry, will be based in the company’s Minneapolis office and report to Nick Foden-Pattinson, RFIB Group’s Managing Director of ... Read the full article

Ed names Laura Skaanild Client Director, Professional & Executive Risk

7th February 2019

Reinsurance broker Ed has appointed Laura Skaanild as Client Director, Professional and Executive Risk, reporting to Paul Richards, Managing Director of the division. She brings 18 years of legal and insurance experience, and will be tasked with managing and developing the broker's client base in the financial and professional services sector ... Read the full article

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