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

Global insurance broker Willis Tower Watson granted full license in China

15th May 2018

First-of-its-kind deal provides Willis Tower Watson (WTW) with the same license as domestic brokers. China’s Banking Insurance Regulatory Commission (CBIRC) has approved leading global advisory, broking and solutions company WTW to become the first foreign broker to be allowed a full license over all insurance business within ... Read the full article

Aon names Richard Schuyler as CEO of Aon Carrier Link

11th May 2018

Global insurance and reinsurance broker, Aon plc, has announced that Richard Schuyler is to become the Chief Executive Officer (CEO) of Aon Carrier Link, the company’s data and analytics distribution channel. Schuyler will now be responsible for helping clients to digitally manage the placement process by leveraging technology to connect Aon’s ... Read the full article

Gallagher acquires UK commercial insurance broker Risk Services (NW)

11th May 2018

Gallagher has announced that it intends to acquire UK regional commercial insurance broker Risk Services (NW) for an undisclosed consideration. Established in 1999, Risk Services is one of the largest independent insurance brokers in Chester, North Wales, and the surrounding area, and delivers cost-effective solutions to both corporate and commercial clients. Risk ... Read the full article

April storms drive $2.3 billion economic loss in the U.S.

10th May 2018

Impact Forecasting, the catastrophe risk modelling unit of reinsurance broker Aon Benfield, has reported that severe April storms resulted in combined economic losses of $2.3 billion in the U.S., with approximately $1.5 billion of this covered by re/insurance. According to the firm's April Global Catastrophe Recap, five separate storm systems caused ... Read the full article

Geoffrey Leathem to join Aon Benfield Africa’s executive team from Guy Carpenter

9th May 2018

Reinsurance broker Aon Benfield's Africa unit has revealed that Geoffrey Leathem will join its executive team with a focus on South African business, effective November 1st, 2018, reports BusinessTech. As well as having a focus on South African operations, Leathem's role will target strategic consulting on business development and broking ... Read the full article

THB expands UK Motor Fleet team with ex-Wrightsure brokers

8th May 2018

THB UK Risk Solutions, the UK broking subsidiary of specialist re/insurance broker THB, has expanded its Motor Fleet team with the appointments of two ex-Wrightsure brokers, Kevin Searle and Andrew Hines. Both Searle and Hines have previously worked at THB, Searle having since served as a broker in Wrightsure’s Motor Fleet team, ... Read the full article

BMS Group announces new Australia CEO & COO

8th May 2018

Specialist insurance and reinsurance brokerage, BMS Group Limited, has announced the appointment of Andrew Godden as Chief Executive Officer (CEO) of Australia, and Dylan Wilkinson as Chief Operating Officer (COO), BMS Australia. Based in Sydney, Godden will report to Nick Cook, CEO of BMS Group, and brings over 30 years of ... Read the full article

Willis integrates capital markets offering into reinsurance business

4th May 2018

Global advisory, broking and solutions company Willis Towers Watson has announced that it plans to integrate its capital markets offering into Willis Re, the reinsurance arm of the firm. The Insurance-Linked Securities (ILS) operation was previously part of the Willis Towers Watson Securities business unit. William Dubinsky will continue to lead the ... Read the full article

Aon’s reinsurance broking revenues soar in Q1

4th May 2018

Reinsurance broking revenues at Aon plc soared in the first-quarter of 2018, with the firm reporting a 100% increase year-on-year, on a reported basis, as its Aon Benfield unit led a 3% organic revenue increase across the insurance and reinsurance broking group. Aon reported that its reinsurance business under the Aon ... Read the full article

Marsh and Validus collaborate on new U.S fintech policy

3rd May 2018

Re/insurance broker and risk management firm Marsh has collaborated with Validus Specialty, an underwriter of professional liability solutions, to develop FINTECH Protect, a financial and professional re/insurance solution that manages the growing risks of U.S-based fintech companies. Unlike traditional forms of re/insurance for financial and technology industries, FINTECH Protect offers comprehensive ... Read the full article

Aon names Lambrou Chief Commercial Officer and CEO of Global Specialties

3rd May 2018

Aon plc has announced the appointment of Lambros Lambrou as Global Chief Commercial Officer and Chief Executive Officer (CEO) of Global Specialties for the firm’s commercial risk business. Lambros has over 30 years’ experience in the risk management industry, most of which has been spent working for Aon in various positions ... Read the full article

Breckenridge promotes Rinehart to Director of P&C operations

1st May 2018

Breckenridge Insurance Services, a U.S wholesale commercial re/insurance brokerage firm, has appointed Alex Rinehart as Director of its Property and Casualty (P&C) operations. In addition to his new responsibilities, Rinehart will also retain his position as a Senior Vice President (SVP) and Broker at Breckenridge. He will now be responsible for leading ... Read the full article

Market firming not consistent, but brokerage starts year positively: JLT

1st May 2018

While the reinsurance and specialty lines insurance markets have experienced a moderation or end to price reductions after the major losses of 2017, the pattern of firming rates is not consistent and restricted mainly to loss hit areas, according to JLT. Jardine Lloyd Thompson Group plc (JLT Group or JLT), ... Read the full article

JLT implements Club Vita and RiskFirst systems to model DB pension plans

30th April 2018

Insurance and reinsurance broker JLT has announced that it will become the first actuarial consultancy to apply Club Vita’s longevity analytics capabilities to defined benefit (DB) pension plans through RiskFirst’s PFaroe modelling system. DB clients at JLT will now be able to conveniently set best-estimate longevity assumptions and strengthen their decision-making ... Read the full article

Ed partners with InsurTech analytics firm SpatialKey

30th April 2018

Global re/insurance, wholesale, and specialty broker Ed has entered a partnership with SpatialKey, a geospatial data enrichment and analytics firm that provides solutions for the insurance and reinsurance industry. Ed believes the partnership will strengthen its data and analytics capabilities by allowing it to access SpatialKey’s advanced geospatial analytics technology. SpatialKey’s software ... Read the full article

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