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

Further rate strengthening expected in U.S. commercial auto sector: JLT Re

5th February 2019

JLT Re (North America), a division of the reinsurance arm of global brokerage JLT Group, is anticipating further rate strengthening in the U.S. commercial auto sector in 2019 and through 2020. The broker recently published its Commercial Auto Market Briefing, a new report which analyses both accident frequency and severity, corrective ... Read the full article

Aon partners with insurtech firm to streamline claims process

5th February 2019

Global insurance and reinsurance broker Aon has entered into a new strategic alliance with insurtech firm Claim Central to digitize and streamline its claim management capabilities. The collaboration aims to enhance the customer experience using technology and services developed specifically for property and casualty (P&C) insurance companies. Claim Central will also open ... Read the full article

RFIB adds to African operations, opens new headquarters

4th February 2019

International re/insurance broker RFIB Group has announced two new additions to its African operations as well as the opening of new offices in Johannesburg. Fhumulani Munzhedzi joins as Head of Facultative for Africa and is reunited with Lee Ellis, Chief Executive Officer - RFIB Africa and Neesha Parbhoo, Director - RFIB ... Read the full article

Ryan Specialty seals Boston Insurance purchase

1st February 2019

Chicago-based Ryan Specialty Group, having announced the purchase of independent wholesale insurance brokerage Boston Insurance Specialists (BIS) last week for an undisclosed fee, has completed the deal. A family owned business started in 2001 and led by founders Debbie Murphy and Peggy Giancola, BIS’ specialty product solutions include Property, Casualty, Professional ... Read the full article

Aon reports strong organic growth across business segments in Q4

1st February 2019

Global insurance and reinsurance broker Aon saw its total revenue increase to $10.8 billion for the full-year 2018, which includes 5% of organic revenue growth. The global re/insurance brokerage has announced its results for the fourth-quarter and full-year 2018. Concerning revenues, the broker states that total revenues for Q4 increased 3% ... Read the full article

Willis Re bolsters Australia division with senior appointments

1st February 2019

Willis Re, the reinsurance arm of global insurance broker Willis Towers Watson, has announced some leadership changes within its Australia division, including the appointment of John Philipsz as Deputy Chief Executive Officer (CEO) of Willis Re Australia, effective immediately. Philipsz will be based in Sydney, and will continue to push the ... Read the full article

BGC Partners completes Ed acquisition

1st February 2019

Global broker and financial technology firm BGC Partners has completed its previously-announced acquisition of Ed, the re/insurance brokerage. The deal sees an expansion of BGC’s insurance division which was established last year after it acquired Besso Insurance Group Limited, a Lloyd’s of London broker with operations in the UK, Brazil and ... Read the full article

Ricardo Borges takes leadership of THB Europe

1st February 2019

Specialist insurance and reinsurance broker THB Group has now completed the leadership transition of its THB Europe division, which includes the retirement of Joaquim Caria. Caria has been facilitating a "smooth transfer of responsibility" to the firm's Managing Director Ricardo Borges since he was appointed in August 2018, and has now ... Read the full article

JLT Re highlights soft market as capacity chasing persists

1st February 2019

Based on the 2018 Florida catastrophe renewal, firm order terms (FOT) rate-on-lines (ROL) trended towards the lower end of quotes as capacity chasing continued in the marketplace, according to reinsurance broker JLT Re. In its recently published study of property catastrophe reinsurance pricing - based on 2018 Florida cat renewal, JLT ... Read the full article

MMC posts solid re/insurance, overall growth in Q4

31st January 2019

Guy Carpenter, the reinsurance arm of Marsh & Mclennan Companies (MMC), has posted fourth quarter 2018 revenue of $102 million, up 5% on an underlying basis. For the year 2018, Guy Carpenter's revenue increased to $1.3 billion, up 7% on an underlying basis. Meanwhile, MMC’s consolidated revenue in Q4 was $3.7 billion, ... Read the full article

Aon announces departure of Broking unit CEO Fitzgerald

30th January 2019

Global insurance and reinsurance broker Aon has announced that Tom Fitzgerald, Chief Executive Officer (CEO) of Aon Broking, is to leave the company after 27 years of global service. Prior to his role as CEO of Aon Broking, Fitzgerald led the U.S. Commercial Risk and Health operations. Aon has said that ... Read the full article

Stephen Warwick named CEO of Reinsurance, Asia Pacific at RFIB

30th January 2019

International insurance and reinsurance broker, RFIB, has appointed Stephen Warwick as Chief Executive Officer (CEO) of Reinsurance, Asia Pacific, effective February 1st, 2019. In his new role, Warwick will report to Kevin Stratton, Managing Director of the broker's Specialty division. He will be based in Hong Kong where he will establish ... Read the full article

Industry wildfire losses near $20bn in record year for insurers: Aon

29th January 2019

Global insured losses for catastrophic fire events set a new record at near $20 billion in 2018, with the majority of losses driven by wildfires in California, according to estimates from Aon. The broker noted that wildfires caused extremely elevated losses and human casualties for a second consecutive year in 2018, ... Read the full article

Broker Kingsbridge targets gig economy with acquisition of InsurTech Dinghy

29th January 2019

GlobalData has said that the acquisition of InsurTech start-up Dinghy by specialist insurance broker Kingsbridge, looks set to ignite innovation in the broker community. Dinghy offers freelancers based in the UK with various insurance products, including professional indemnity, public liability, cyber liability, and business equipment insurance for flexible working hours. Kingsbridge specialises ... Read the full article

Risk Strategies rolls out national health care practice across all lines

29th January 2019

The privately held insurance brokerage and risk management firm Risk Strategies has successfully integrated its national health care practice across all lines of insurance and reinsurance. Led by industry veteran Bob Dubraski, the practice is driven by a dedicated team of experts with resources across the U.S, providing analytics, consulting and ... Read the full article

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