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.

Lockton adds Dan Urias to expand its Southern California business

24th December 2020

Global re/insurance broker Lockton has added Dan Urias as vice president, Producer to help expand its business in southern California. Urias will be providing risk management solutions to businesses aimed at tackling issues such as increased litigation aimed at company directors and officers as well as cyber exposures brought on by ... Read the full article

TigerRisk hires Daniel Eldredge as Partner and General Counsel

24th December 2020

Re/insurance broker TigerRisk has announced the appointment of Daniel J. Eldredge as Partner and General Counsel. Eldredge joins TigerRisk from Aon where he was Chief Counsel, Corporate and Americas, and served on the Global Executive Committee for the company’s Reinsurance Solutions business, whilst also providing legal support and counsel to Aon ... Read the full article

Miller bolsters A&H capabilities with Claire McDonagh hire

24th December 2020

Specialist re/insurance broker Miller has added Claire McDonagh to help support growth and strengthen its team’s client service offering. It's hoped McDonagh's knowledge of products and markets will help strengthen Miller’s position in the Accident and Health space and ensure that clients have access to the best levels of coverage and ... Read the full article

EC confirms “in-depth investigation” of Aon / WTW merger

21st December 2020

The European Commission (EC) has now confirmed that it has opened what it calls an "in-depth investigation" of insurance and reinsurance broker Aon's proposed acquisition of rival Willis Towers Watson (WTW). The European Commission (EC) said it will carefully investigate the proposed acquisition and merger to establish whether the combination of ... Read the full article

Naresh Dade to lead Howden construction practice

16th December 2020

International insurance broker Howden has announced that Naresh Dade has been appointed to lead its construction practice. Dade, formerly Senior Vice President, Construction, Marsh JLT Specialty, New York will join as Managing Director, Howden Global Construction practice. Howden expects the appointment to help drive the growth of its global construction capability. “Our aspiration ... Read the full article

EU to investigate Aon / WTW merger: reports

15th December 2020

The huge merger deal between brokers Aon and Willis Towers Watson (WTW) is set to undergo an in-depth probe by European Union (EU) regulators due to its complexity, sources have told Reuters. According to these inside sources, the $30 billion deal faces a full-scale review once the European Commission’s preliminary ... Read the full article

Aon extends partnership with parametric tech firm CelsiusPro

15th December 2020

Re/insurance broker Aon has extended its long-term collaboration with parametric technology firm CelsiusPro. Aon’s Innovation and Solutions team is reported to have seen a dramatic increase in the number of clients seeking to understand how they might supplement or replace their existing risk transfer programmes with parametric structures to potentially improve ... Read the full article

Aon buys 49% stake in Indian broker Anviti

14th December 2020

Global re/insurance broker Aon has acquired a 49% equity stake in Anviti, an India-based provider of reinsurance, insurance broking & risk management insurance services. It's hoped this strategic investment will enable Anviti, a company promoted by institutional investor Catamaran Ventures, to bolster its operations in the country while leveraging support from ... Read the full article

BMS adds David Overton as director within LatAm FL division

14th December 2020

Specialist re/insurance broker BMS Group has added David Overton as a Director within its Latin America & Caribbean’s Financial Lines division. Effective immediately, Overton will be based in Miami and reports to Daniel Court, Director. Overton brings over 21 years’ experience placing and underwriting complex risks and has worked as a broker ... Read the full article

November storms raise Atlantic season financial toll: Aon

11th December 2020

Aon's November monthly Global Catastrophe report highlights an estimated $9 billion in additional losses as a result of North America hurricane landfalls in the period, as well as record-setting tropical cyclones. After making landfall and driving significant losses in Nicaragua, Hurricane Eta then moved to Honduras and Guatemala, subsequently making a ... Read the full article

Improved pricing sees $6bn raised by re/insurers across Q4: Willis Re

11th December 2020

A new report from Willis Re, the reinsurance arm of global brokerage Willis Towers Watson, estimates that reinsurers globally have raised $6 billion across the fourth quarter of 2020. This figure would bring the year-to-date total to $19 billion, with a further $3b being contemplated and/or in progress. Willis Re attributes these ... Read the full article

McGill and Partners adapted well to COVID-19: Paul Summers

10th December 2020

Whilst some in the (re)insurance industry are still reeling from the shock of COVID-19, start-up specialist (re)insurance broker McGill and Partners says a focus on technology and creativity has allowed it to adapt well to the pandemic. This is the view of Paul Summers, Head of Global Facultative Reinsurance, who in ... Read the full article

Miller adds Dave Cahill to lead expansion into UK construction

10th December 2020

Specialist re/insurance broker Miller has added Dave Cahill to lead its expansion into the UK construction market. Cahill joins with over 32 years’ experience in UK retail construction and has held a variety of roles covering claims, account handling, account management and business development. Since starting in the insurance industry in 1988, ... Read the full article

2020 US medical claims lower than expected: Aon

10th December 2020

A new report from global insurance and reinsurance broker Aon shows that medical claims in 2020 are estimated to increase at a rate of 5 percentage points lower than initially estimated by US insurers due to COVID-19. The survey also predicts that the pandemic will increase US employer medical claims by an ... Read the full article

BMS adds three directors to marine subsidiary

9th December 2020

Independent specialist re/insurance broker BMS Group has added Nick Hocking, Tony Cuthbertson and Josh Robertson as directors within its marine subsidiary BMS Harris & Dixon Marine (BMS H&D Marine). Effective February 2021, all three will be based in London and report to John Hoare, managing director of BMS H&D Marine. The appointments ... Read the full article

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