Reinsurance News
Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.
4th March 2019
Arthur J. Gallagher & Co. has announced that it has entered into an agreement to acquire the global aerospace operations of Jardine Lloyd Thompson Group plc (JLT). The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with completion of Marsh and McLennan Companies’ acquisition of ... Read the full article
1st March 2019
Reinsurance brokerage, risk and capital strategic advisory firm TigerRisk Partners LLC has announced the appointment of David Unsworth as a Senior Broker. Wade Gulbransen, the firm’s Global Head of Reinsurance, noted that Unsworth is regarded as one of the foremost experts on reinsurance solutions for the Florida market and that he ... Read the full article
28th February 2019
Rising geopolitical tensions and protectionist sentiments, in combination with ongoing trade disputes, and resulting in increased uncertainty and risk for multinationals such as re/insurers, according to Marsh, particularly for those with direct foreign investments. Marsh’s Political Risk Map 2019 rated more than 200 countries and territories on the basis of short ... Read the full article
28th February 2019
JLT Specialty and Allianz Global Corporate & Specialty (AGCS) have partnered on the launch of a new corporate reputation insurance product targeted at small and medium-sized enterprises (SMEs) in the UK. Reputation Protect Plus provides coverage against the loss of net operating profit from a reputational crisis combined with a crisis ... Read the full article
27th February 2019
Gulf Cooperation Council (GCC) privately-owned insurance broker, ACE Insurance Brokers, is to establish a dedicated reinsurance operation in Dubai, based in the Dubai International Financial Centre (DIFC). The new business will join the broker's region-wide network, which is comprised of 16 offices across eight countries. From DIFC, ACE's reinsurance industry experts will ... Read the full article
26th February 2019
A new sub-group for the London and International Insurance Brokers' Association's (LIIBA) Broker Delegated Authority Working Group (BDAWG) has been established by the organisation, to be Chaired by Ben Kelly. Kelly, claims manager, risk solutions claims at Ed Broking has been elected as Chair of the Claims Sub-Group, which has been ... Read the full article
26th February 2019
Global insurance and reinsurance broker, JLT Group recorded organic revenue growth across all divisions year-on-year, leading to a 21% rise in trading profit in 2018. In light of JLT's takeover by MMC, expected to close in spring of this year, the firm has released preliminary financial results for 2018, which includes ... Read the full article
25th February 2019
Global commercial insurance pricing increased by an average of 2% in the final quarter of last year, driven mostly by increases in global property and financial and professional (FinPro) lines, according to international re/insurance broker Marsh. The market remained stable overall, says Marsh, and the 2% average increase in the fourth-quarter ... Read the full article
25th February 2019
Insurance and reinsurance broker Aon's global Restructuring Plan, initiated in 2017, is now expected to result in estimated job losses of between 4,800 to 5,400, which is up 12% from the 4,200 to 4,800 expected job eliminations announced in early 2018. The updated range was announced in the global broker's most ... Read the full article
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
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
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
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
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
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
