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.

Aon / WTW: Reports suggest US DOJ may have reinsurance concerns

17th March 2021

The pending acquisition of rival Willis Towers Watson (WTW) by its larger rival Aon continues to generate headlines, with recent reports in specialist antitrust publications suggesting concerns from the US government may have a reinsurance focus, as well as in other areas like benefits and large corporate clients. While concerns raised ... Read the full article

Miller adds Aon’s Charlie Simpson to lead new Bermuda platform

15th March 2021

Specialist re/insurance broker Miller has added Charlie Simpson to lead its new broking platform in Bermuda. Simpson will look to grow Miller’s presence in the region by launching an independent offering initially focused on reinsurance and insurance-linked securities, with more key hires to be announced soon. He has over 40 years’ experience ... Read the full article

Brokers to include more diversity: SIB

15th March 2021

A new report from the Society of Insurance Broking (SIB) has identified four areas of reputational risk. It included a breakdown of diversity and inclusion within the sector, along with qualification requirements, recommending unrated insurers and commission-based renumeration. SIB's report has explored the idea that improving the diversity of the broking ... Read the full article

US winter weather to exceed $10bn loss: Aon

12th March 2021

Re/insurance broker Aon has estimated that the total economic cost of the severe winter weather conditions the affected the US last month will exceed $10 billion. Aon’s figure considered the economic cost of damages and net-loss business interruption for the period of February 12th to 20th, which will likely be the ... Read the full article

Willis Re launches cat risk model for hail events in South Africa

11th March 2021

Willis Re, the reinsurance broking arm of Willis Towers Watson, has launched a new Hail Catastrophe Risk Model which quantifies the risk from damaging hail events across South Africa. The model has been developed in collaboration with Willis Research Network partners at NASA’s Langley Research Centre and the Karlsruhe Institute of ... Read the full article

Lockton partners with Four Twenty Seven to provide climate data

10th March 2021

Lockton Global Real Estate & Construction has entered into a partnership with Four Twenty Seven, an affiliate of Moody’s, in order to help clients integrate climate science into business decisions. Four Twenty Seven uses data-driven risk analysis to score assets’ exposure to the physical risks associated with climate change and other ... Read the full article

Marsh appoints Amy Barnes to lead sustainability, climate change strategy

10th March 2021

Insurance broker Marsh has announced the appointment of Amy Barnes to the newly created role of Head of Sustainability and Climate Change Strategy, effective 1 April. Barnes is set to relocate to London later this year and will report to Lucy Clarke, President, Marsh JLT Specialty and Global Placement. She will be ... Read the full article

Commercial insurance prices up 10% over Q4: WTW

10th March 2021

New data from re/insurance broker Willis Towers Watson (WTW) shows that US commercial insurance prices grew by a substantial 10% over the fourth quarter of 2020. This was the largest quarterly increase recorded so far by WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), which began in 2003. Data for nearly all lines ... Read the full article

Ryan Saul joins BMS Re

10th March 2021

BMS, the independent specialist insurance and reinsurance broker, has appointed Ryan Saul as Senior Vice President at BMS Re. His appointment will take place effective immediately where he will report to Steve Galleger, Executive Vice President at BMS Re. Before joining BMS, Saul was a Business Development Director and Senior Relationship Manager ... Read the full article

Aon / WTW: Sources expect Willis Re sale & divestment to near $1.8bn cap

9th March 2021

Aon's pending acquisition of rival Willis Towers Watson (WTW) continues to generate significant chatter in investor and analyst circles, with sources increasingly confident a sale of reinsurance broker Willis Re will be the likely outcome, if remedies are needed to get the merger through. But divestitures are not seen as stopping ... Read the full article

Marsh appoints Bryant to lead national public entity industry practice

9th March 2021

Insurance broker Marsh has added Kevin Bryant to lead its national public entity industry practice. Bryant will help ensure that state and local government and not-for-profit clients across the US receive continued public sector expertise, insights, and transactional services. He joins Marsh from Aon, where he spent the last 14 years as ... Read the full article

GRS bolsters global Complex Claims Solutions team

9th March 2021

Claims adjusting firm Global Risk Solutions has added 13 specialist adjusters and technicians to its London team. The new team, led by Adam Humphrey and George Pooley, will provide additional expertise and capabilities across the business in an effort to enhance GRS' Complex Claims Solutions (CCS) operation. Humphrey and Pooley bring extensive ... Read the full article

Aon partners with Nayms & Realm on crypto offering

9th March 2021

Re/insurance broker Aon has partnered with crypocurrency insurtech firm Nayms and Bermudian specialist insurer Realm to launch a new blockchain-enabled crypto pilot. As part of the collaboration, Aon via Nayms will conduct a first pilot with Teller Finance, a decentralized lending protocol, to highlight the ability to scale cover by matching ... Read the full article

SRG to acquire CLS Risk Solutions

8th March 2021

Insurance brokerage Specialist Risk Group (SRG) has entered an agreement to acquire CLS Risk Solutions (CLS RS). CLS RS creates and provides risk solutions for real estate development projects and transactions. With a GWP in excess of £30 million in 2020, CLS RS specialises in renewables, M&A, property development and environmental ... Read the full article

Gallagher Re adds Rothseid as Partner, Head of Legacy

8th March 2021

Gallagher Re has added Andrew Rothseid to the newly created role of Partner, Head of Legacy. Rothseid will continue to be US-based and reports into Matt FitzGerald, Managing Partner of Specialty at Gallagher Re. He brings over 25 years’ experience in the global insurance and reinsurance industries and spent the last decade ... Read the full article

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