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.

Willis Research Network & Metabiota partner on pandemic risk

19th August 2020

The Willis Research Network (WRN), a research division of the insurance and reinsurance broking group at Willis Towers Watson (WTW), has partnered with Metabiota, a risk analytics organisation that specialises in infectious diseases modelling and builing resilience to pandemics. The partnership aims to leverage Metabiota’s epidemiological data analytics capabilities to improve ... Read the full article

Marsh adds Scott Leney as Risk Management Leader for Asia, Pacific regions

17th August 2020

Insurance broker and risk adviser Marsh has announced the appointment of Scott Leney as Risk Management (RMP) Leader for both its Asia and Pacific regions. Leney will oversee Marsh’s regional Risk Management teams as they build on existing capabilities and develop strategic solutions that will enable Marsh’s largest clients to navigate ... Read the full article

BGC President Lynn to transition to Vice Chairman role

17th August 2020

Global brokerage and financial technology firm, BGC Partners, Inc., has revealed that Shaun Lynn is set to transition from his role as President to become Vice Chairman of the company, effective October 1st, 2020. In his new role, Lynn will continue to work for the firm on matters including both strategy ... Read the full article

South African reinsurance broker announces launch

14th August 2020

African-owned reinsurance broking group Reinsurance Solutions Group has announced the opening of a new subsidiary in South Africa. Reinsurance Solutions Intermediary Services consists of a team of brokers servicing blue-chip insurance clients in Southern Africa and Lusophone countries, including Angola, Botswana, Cape Verde, eSwatini, Guinea-Bissau, Lesotho, Malawi, Mozambique, Namibia, Sao Tome ... Read the full article

WTW appoints Shaw to lead data, analytics for Global Fac division

13th August 2020

Global re/insurance broker Willis Towers Watson has appointed Fiona Shaw as head of data, analytics and innovation for its Global Fac division. Shaw will oversee the leveraging of analytical expertise across WTW in order to develop a strategy for the use of data and analytics across the facultative business globally. Her role ... Read the full article

Lockton Re adds Peter Wilkie to Specialty Division as a Broker

12th August 2020

Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, has added Peter Wilkie to its Specialty Division as a Broker. Now reporting to Paul Upton, Wilkie was most recently Deputy Line Underwriter - War, Terrorism & Political Violence at Hiscox, having spent 13 years there, starting ... Read the full article

Aon & Willis Towers Watson deal recommended by proxy advisors

11th August 2020

Proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have recommended the shareholders of both Aon and Willis Towers Watson (WTW) to vote in favour of their combination. In an independent report dated August 7th, 2020 ISS found that "the strategic rationale is sound" and subsequently recommended ... Read the full article

Costero acquires rival brokerage Prospect Insurance Brokers

11th August 2020

London-based, privately held broker, Costero Brokers Ltd., has announced the acquisition of Prospect Insurance Brokers, effective August 1st, 2020. Prospect was founded in 2010 and operates as an independent insurance and reinsurance broker at Lloyd's of London, with a specialist focus in binding authority, reinsurance and alternative risk transfer business placed ... Read the full article

Guy Carpenter puts insured Beirut port losses at $250mn

10th August 2020

Reinsurance broker Guy Carpenter has estimated that the insured bill for combined hull, cargo and port facility losses from the recent Beirut explosion should be within $250 million. The estimate comes after the Governor of Beirut said that the economic impacts of the blast would be in the region of ... Read the full article

Marsh adds Cheung as UK Placement Leader, Marsh JLT Specialty

7th August 2020

Insurance broker Marsh has appointed Winsee Cheung as UK Placement Leader, Marsh JLT Specialty. Effective in the fourth quarter, Cheung will report to Paul Moody, UK CEO, Marsh JLT Specialty and be based in London. As UK Placement Leader, she will oversee Marsh JLT Specialty’s placement strategy, facility management, and the development ... Read the full article

Morgan Stanley partners with HUB, Marsh, and WTW on HNW P&C cover

7th August 2020

American investment bank, Morgan Stanley has announced that it will now be offering Property and Casualty (P&C) insurance to its high net-worth (HNW) clients and their families. Morgan Stanley has teamed up with re/insurance brokers HUB International, Marsh Private Client Services, and Willis Towers Watson (WTW) in order to offer this ... Read the full article

Hurricane Isaias to drive $1bn+ insured & economic losses: Aon

7th August 2020

Economic and insured loss totals from the impact of Hurricane Isaias are each individually expected to surpass the $1 billion threshold, according to analysts at Aon. Isaias swept across the Caribbean over July 28th to August 1st with notable impacts in the Dominican Republic, Puerto Rico, and the Bahamas. It later tracked ... Read the full article

RKH Reinsurance Brokers targets APAC treaty growth with new hires

7th August 2020

RKH Reinsurance Brokers (RKHRB), the dedicated reinsurance arm within RKH Specialty, has announced three new additions to its APAC operations. Steve Warwick has been named Head of Treaty Reinsurance APAC, Xueyang Wang as Director, and Steven Chung as Associate Director. All three of the new additions will be based in Hong Kong ... Read the full article

Peter Askew named President & CEO of Guy Carpenter in Canada

5th August 2020

Reinsurance broker Guy Carpenter has named Peter Askew as President and Chief Executive Officer (CEO) of its Canadian business, effective immediately. Askew succeeds Donald Callahan, who has stepped down from the role in Canada after two decades, and will continue to support Askew. Callahan will remain with the reinsurance broker in ... Read the full article

Aon & WTW disclose more on combination to fend off legal challenges

4th August 2020

In an effort to ward off legal challenges delaying Aon's combination with Willis Towers Watson (WTW), the global re/insurance broker has disclosed some additional details associated with the deal. After weeks of speculation, Aon confirmed in March of this year that it will combine with rival broker WTW through a ... Read the full article

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