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

Acrisure finalises Beach takeover

13th March 2018

Reinsurance brokerage Beach & Associates has announced the completion of its acquisition by U.S. retail consulting and insurance broking group, Acrisure, LLC, after the receipt of all necessary regulatory approvals. The deal was initially announced in January 2018, and Acrisure has now acquired 100% of Beach's equity from existing shareholders, as ... Read the full article

Willis Towers Watson appoints Paul Bailie to lead Bermuda captive business

12th March 2018

Insurance and reinsurance broker Willis Towers Watson has announced the appointment of Paul Bailie as head of its Bermuda Captive practice, set to lead business development and delivery of the company’s value proposition and provide strategic guidance to Bermuda captive and insurance management clients. Bailie will report to Paul Owens, managing ... Read the full article

Beach names leaders for new specialty & wholesale platform

12th March 2018

Insurance and reinsurance brokerage Beach has announced the formation of a new specialty and wholesale platform, that will be led by John Sutton and Toby Humphreys, former joint leaders at Integro UK. Humphreys served as Chairman and Sutton as President of International Operations at Integro UK, and both joined the firm ... Read the full article

Global nat cats in Feb to cost at least hundreds of millions of dollars: Aon

9th March 2018

Aon Benfield’s monthly Global Catastrophe Recap report has evaluated the impact of Storm Emma and the freezing temperatures that hit large areas of Europe over February, and has predicted that the total financial costs will be at a minimum in the hundreds of millions of dollars (US), and will very likely be ... Read the full article

Willis launches re/insurance industry’s first Global Ecosystem Resilience Facility

9th March 2018

Willis Towers Watson has launched its newly developed Global Ecosystem Resilience Facility (GERF), the first global insurance facility to support the resilience of ecosystems with innovative finance and risk management solutions. Launched by Chief Executive Officer (CEO) John Haley at the Economist’s World Ocean Summit in Mexico, the GERF will provide ... Read the full article

UK pension scheme liabilities could be reduced by up to 1% with CMI 2017: Aon

8th March 2018

The new Continuous Mortality Investigation (CMI) model, CMI 2017, could reduce a pension scheme’s liabilities by between 0.5% and 1%, compared with the previous version of the model CMI 2016, according to Aon estimates. The 2017 CMI model is adjusted to include lower than expected levels of mortality improvement in England ... Read the full article

Willis Towers Watson appoints Belgium Corporate Risk & Broking Head

8th March 2018

Willis Towers Watson has named Edward Bonsel as Head of Corporate Risk & Broking (CRB) in the firm's Belgium branch. In his new role Bonsel will be in charge of all CRB activities in Belgium with a focus on contributing to industry-specific insights that support the CRB Business in Belgium in ... Read the full article

Aon Benfield names new heads of Capital Advisory and Terrorism Specialty units

7th March 2018

Reinsurance broker Aon Benfield has announced the appointment of Eric Paire and Emma Karhan from Guy Carpenter, with the former set to lead its Capital Advisory unit, and the latter being named Head of Terrorism Specialty and Reinsurer Relationships in London. Reporting to Aon's Nick Frankland, UK Chief Executive Officer (CEO), Eric ... Read the full article

U.S. Risk Insurance Group acquires L.A. Xcess Brokers

6th March 2018

U.S. Risk Insurance Group has announced the acquisition of L.A. Xcess Insurance Brokers, a Los Angeles, California based wholesale broker focused on the entertainment industry. Randall Goss, Chief Executive Officer (CEO) of U.S. Risk, said: "We are very pleased to add L.A. Xcess to the U.S. Risk team focused on the ... Read the full article

JLT Re North America appoints Ariel Hernandez to Senior Vice President

5th March 2018

JLT Re North America has appointed Ariel Hernandez as Senior Vice President, set to lead the analytics efforts for the Caribbean, Central America and broader Latin America Region as part of the Miami treaty team. Hernandez joins JLT Re from a treaty underwriter role with the Chaucer Syndicates of The Hanover ... Read the full article

Premium prices rise after 3-year decline: CIAB

5th March 2018

The Council of Insurance Agents & Brokers (CIAB) has reported that average premium rates have risen for the first time in 13 quarters, according to its fourth-quarter Commercial Property/Casualty Market Index Survey. 2017’s third-quarter saw a series of massive catastrophes and cyber events occur, which led to a decrease of 1.3% ... Read the full article

Stable ratings and organic growth for brokers in 2018: S&P

5th March 2018

Standard & Poor's (S&P) Global Ratings has recently released a report that predicts better organic growth and margins for brokers in the coming year, and says ratings for brokers and service providers remain stable. The ratings agency reports that companies have successfully adapted to evolving but overall stable business conditions, and ... Read the full article

AFL appoints new retail team director

5th March 2018

Independent Lloyd's broker AFL Insurance Brokers Ltd has announced that Mike Almond is to be appointed as the new Director of the company’s Corporate Retail team. Almond is an experienced Account Director and, before joining AFL, worked at PMI Health Group, where he established a commercial division. His career also spans ... Read the full article

PIB Group completes acquisition of Lorica Insurance Brokers

2nd March 2018

PIB Group (PIB) has completed the acquisition of Lorica Insurance Brokers, an independent insurance broker focusing on property, casualty, motor fleet and professional lines. Lorica will continue to be led by joint Chief Executive Officers Stefan Puttnam (who leads the Broking and Finance operations), and Carlo Marelli (who oversees the Operations ... Read the full article

XL Catlin names Elie Hanna as Head of central broker management

1st March 2018

XL Catlin has appointed Elie Hanna to Head of central broker management, set to lead XL Catlin’s strategic relationships with brokers for the insurance segment. His responsibilities will include looking at how XL Catlin engages with its key trading partners, setting broker engagement best practices, and working with both distribution and underwriting teams ... Read the full article

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