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Reinsurance 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.
28th January 2020
Insurance brokerage Brown & Brown, Inc. has reported an increase in revenues for both the fourth-quarter and full-year 2019, of $579 million and $2.4 billion, respectively. Reported revenues are under U.S. generally accepted accounting principles (GAAP) and represent growth of 13.8% and 18.8% for Q4 and the full-year, respectively, when compared ... Read the full article
24th January 2020
Patriot Growth Insurance Services, a growth-focused national insurance services company, has announced the addition of California-based independent insurance agency, Solomon & Solomon Insurance Brokers, Inc. to the Patriot platform. The new partnership stands to significantly bolster Patriot's property and casualty (P&C) insurance capabilities, while at the same time strengthen its large ... Read the full article
23rd January 2020
Global re/insurance broker Lockton has appointed Amanda Harton as Chief Executive Officer and director of its Irish business. Harton will lead Lockton Insurance Brokers (Ireland) by helping clients manage their risk in real estate, insolvency, waste management, motor trade and hospitality. Lockton’s announcement states that LIBI will continue to expand its offering ... Read the full article
22nd January 2020
Independent re/insurance broker BMS Group has announced the appointment of Jani Kohonen as senior vice president and Atlanta branch manager. Effective January 29, Kohonen will report to BMS Re US president and Chief Executive Officer Pete Chandler. He brings over 15 years’ experience to the role and joins from StarStone Insurance having ... Read the full article
22nd January 2020
A statement from international insurance broking groups Hyperion and JLT announced today that the pair have reached a settlement following a legal process which centred on the hiring of 47 staff from JLT Specialty to Hyperion. JLT started legal proceedings in the summer of last year after the broker accused Hyperion ... Read the full article
22nd January 2020
Global re/insurance broker Aon has released its catastrophe loss estimate for 2019, putting overall economic losses at £232 billion, of which the insurance industry is thought to have covered $71 billion. Analysts based this figure on 409 recorded catastrophe events in 2019, and noted that the economic loss was 20% lower ... Read the full article
22nd January 2020
A new, Philadelphia-based specialty property and casualty (P&C) insurance and reinsurance brokerage has been launched, called Protecdiv. The new re/insurance broker is led by experienced insurance industry professionals Kael Coleman as Founder and Chief Executive Officer (CEO) and Paul Little, as Chief Operating Officer (COO). According to an announcement on the launch, ... Read the full article
21st January 2020
Willis Re, the reinsurance arm of global brokerage Willis Towers Watson, has appointed Cameron Green to lead its international casualty reinsurance practice and serve as chair of its Australian business. Green, who has been Willis Re’s Chief Executive Officer in Australia since 2013, will be responsible for the casualty practice segment’s ... Read the full article
21st January 2020
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), is expecting a busy year in the longevity de-risking markets after a record-breaking 2019. In 2019, £41 billion of bulk annuities completed alongside £12 billion of longevity swaps, making it a record year for the longevity de-risking sector. In a recent report, WTW ... Read the full article
20th January 2020
A subsidiary of insurance brokerage Brown & Brown, Inc., Hull & Company, LLC, has acquired the assets of Texas All Risk, a managing general agent (MGA) for independent retail insurance agencies. Texas All Risk places a broad range of P&C insurance for businesses and individuals in Texas, Louisiana, and also Oklahoma. Once ... Read the full article
20th January 2020
Global insurance and reinsurance broker Aon has appointed Helene Madell as Chief Broking Officer (CBO) for Commercial Risk Solutions, Health Solutions and Affinity in the UK, effective April 6th, 2020. Madell currently serves as Chief Broking Officer for Commercial Risk Solutions, Health Solutions and Affinity for the broker in the Pacific ... Read the full article
17th January 2020
Global re/insurance brokerage Marsh has appointed Jacqueline Quintal as a managing director in its US financial institutions practice. Quintal brings 15 years’ insurance experience to Marsh and joins from Aon, having most recently served as financial institutions industry leader. Based in New York, she will deliver industry-leading transactional and risk advisory solutions ... Read the full article
17th January 2020
US insurance broker and risk management firm Risk Strategies has announced the acquisition of Academic HealthPlans, Inc. (AHP), a firm that creates and administers health insurance plans that colleges and universities make available to its students. The acquisition will significantly expand Risk Strategies’ standing as a broker of student health insurance ... Read the full article
17th January 2020
Marsh & McLennan Agency LLC (MMA), the middle market agency of global re/insurance broker Marsh, has announced the acquisition of Ironwood Insurance Services, LLC. Based in Atlanta, Georgia, Ironwood provides commercial property and casualty insurance, employee benefits, and private clients solutions to mid-sized businesses and individuals through the US. The firm is ... Read the full article
17th January 2020
Casualty reinsurance capacity tightened at the recent January renewals against a backdrop of heightened litigation costs, more generous jury verdicts, and shifting attitudes in the US, according to Guy Carpenter. Analysts noted that many reinsurers were forced to adopt more cautious underwriting positions at 1/1 due to higher loss cost trends, ... Read the full article
