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Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.

Reinsurance broker Ed adds divisional director to Risk Solutions unit

3rd October 2019

Global reinsurance brokerage Ed has appointed Richard Laird as a divisional director in its Risk Solutions division, based in London. Laird previously served as executive director at Price Forbes Risk Solutions, a specialty broker specializing in reinsurance and insurance MGA/Delegated Authority business.  Prior to Price Forbes Risk Solutions, Laird worked at ... Read the full article

Further improvement of proposed IFRS 17 ED amendments required: WTW

2nd October 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has responded to the International Accounting Standards Board's (IASB) amendments to the IFRS 17 Standard, highlighting a number of areas which require further improvement. WTW has commented on the IFRS 17 Exposure Draft (ED), which was released on June 26th, 2019 and ... Read the full article

Reinsurers remain “strongly positioned” in shifting risk landscape: Guy Carpenter

2nd October 2019

The reinsurance market remains “strongly positioned” to support insurers even as the risk landscape continues to undergo rapid change, according to a new report from Guy Carpenter, the reinsurance arm of Marsh. Guy Carpenter observed that the risks at the top of re/insurers’ agendas have shifted from largely economic concerns 10 ... Read the full article

Miller adds Financial Institutions, D&O specialist Thomas Coates

2nd October 2019

Global re/insurance broker Miller has appointed Thomas Coates to develop the firm’s financial institutions and directors & officers offering and to produce new business in North America and Asia-Pacific. Coates joins with close to 20 years’ market experience, during which time he has placed business across a number of markets globally. He ... Read the full article

Willis Re appoints Aspen’s Donald Harrell as MD, COO of Specialty business

2nd October 2019

Willis Re, the reinsurance business of global re/insurance brokerage Willis Towers Watson, has appointed Donald Harrell as Managing Director & Chief Operating Officer of its Specialty business. Based in London, Harrell’s new role will see him oversee the international expansion of the business. He will also be responsible for the day-to-day operations, ... Read the full article

CAC Specialty hires André Eichenholtz to lead Portfolio Solutions group

1st October 2019

CAC Specialty, the specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has announced the appointment of André S. Eichenholtz as leader of its Portfolio Solutions group. Eichenholtz joins CAC Specialty from JLT Specialty, where he formerly worked as Head of M&A Diligence. He brings more than 30 years’ ... Read the full article

HW Kaufman acquires cyber MGA Node International

30th September 2019

HW Kaufman Group, the parent company of wholesale brokerage and managing general underwriter Burns & Wilcox has acquired Node international, a managing general agent focused on cyber-risk and technology-related insurance solutions. The deal marks the group’s 20th acquisition in nine years and has been described by Chairman, President and Chief Executive ... Read the full article

Aon & NAMIC report underlines financial strength of mutual insurers

30th September 2019

A new report by re/insurance broker Aon and the National Association of Mutual Insurance Companies (NAMIC) has underlined the overall strength and stability of mutual companies. The report included a comparison of nearly 30 performance metrics across mutual, stock, and other categories. Aon and NAMIC reported that mutual insurers were slightly less ... Read the full article

More industry change in next three years than previous 30, says Hearn

27th September 2019

Chief Executive Officer for BGC Insurance Group, Steve Hearn, is anticipating more change to take place across the re/insurance industry in the next three years than in the previous 30. Speaking recently with Reinsurance News, Hearn added that after 330 years in existence, the industry is undergoing massive, technology-driven changes to ... Read the full article

Miller adds duo to UK & International professional risk business

27th September 2019

Global re/insurance broker Miller has announced the appointments of Dominic Leckie and Gareth Jones to its UK & International Wholesale Professional Risks team. Both will assume broking roles, with a focus on professional indemnity (PI) insurance for Miller’s UK and International wholesale/intermediary clients. Specifically, Leckie will be responsible for growing Miller’s Australia ... Read the full article

WTW appoints Joe Peiser to lead global broking strategy

27th September 2019

Global re/insurance broker Willis Towers Watson has appointed Joe Peiser to the role of global head of broking within its corporate risk and broking segment. Reporting to WTW’s global head of corporate risk and broking, Adam Garrard, Peiser will lead the firm’s global broking strategy. He will also be tasked with pushing ... Read the full article

Risk Strategies acquires safety management firm Pro Safety Services

26th September 2019

US insurance brokerage and risk management firm Risk Strategies has announced that it plans to acquire Pro Safety Services, LLC, a provider of safety and loss control services to construction companies, builders, and other industries. Founded in 1999 by its current president John McCarthy, Pro Safety Services offers a range of ... Read the full article

Aon introduces AI-powered claims analysis platform

25th September 2019

Global re/insurance broker Aon has announced the launch of ClaimsMonitor.X, an artificial intelligence-driven platform that can quickly analyse claims notes and provide insights into an insurer’s efficiency and profitability. The platform, available to insurers in the US and Canada, has been developed in collaboration with CLARA analytics, a provider of AI ... Read the full article

Marsh trials blockchain-powered placement platform

25th September 2019

Global re/insurance brokerage Marsh has announced plans to pilot a new digital placement platform powered by blockchain technology, called Risk Exchange. The Risk Exchange concept was proposed by a winning Marsh hackathon team and further developed in Marsh Digital Labs. The broker believes the platform has the potential to transform the insurance ... Read the full article

Price Forbes acquires stake in HK broker Sino

25th September 2019

Independent Lloyd's of London insurance broker Price Forbes has purchased a minority stake in Hong Kong-based Sino Insurance and Reinsurance. Since its founding in 2006, Sino has focused on providing risk management and insurance solutions for Chinese multinational companies’ overseas investments and infrastructure construction, engineering, project management, and various aspects of ... Read the full article

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