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.

CAC Specialty adds WTW’s Eric Joost to key tech, global markets role

21st May 2020

Specialty insurance broker and investment banking platform CAC Specialty has added Eric Joost as Executive Vice President and Chief Technology & Global Markets Officer. Joost joins with over 30 years’ experience across a range of insurance products, markets and client segments. His experience spans several global firms including most recently as Global ... Read the full article

BMS adds three to energy division

21st May 2020

BMS Group, the specialist insurance and reinsurance broker, has announced the additions of Alison Schwab, Russell Williams, and Robert Thomas to its energy division. Schwab and Williams will join alongside Thomas after the completion of their contractual obligations in July and November, respectively. The trio will report to James Chicken, Managing ... Read the full article

EC3 expands intl. financial, professional lines division with Collier hire

20th May 2020

Lloyd's-headquartered commercial lines broker EC3 Brokers, has expanded its international financial and professional lines division with the appointment of John Collier as divisional director. Collier joined on 1 April and will report to James Murphy, head of broking at EC3 Brokers. He brings over 28 years’ experience placing professional indemnity insurance, directors ... Read the full article

Lockton Re names Martin Stephenson Chairman of Marine & Energy

20th May 2020

Global reinsurance broker Lockton Re has announced the appointment of Martin Stephenson as Chairman of Marine & Energy, effective July 2020. In his new role, Stephenson will report to Keith Harrison, International Chief Executive Officer (CEO) at Lockton Re, and will work closely with Jerry Ridge, Head of Marine & Energy ... Read the full article

Pre-COVID-19 structural factors to influence reinsurance renewals: Flandro, Hyperion X

19th May 2020

While the COVID-19 pandemic will undoubtedly have an influence on upcoming renewals for insurers and reinsurers, for the latter, the broad structural factors that have been in place prior to the outbreak cannot be ignored, according to David Flandro, Managing Director at Hyperion X. In a recent video interview with our ... Read the full article

Aon appoints General Manager for Data & Analytics Services

19th May 2020

Re/insurance broker Aon has promoted Steve Petrevski to the position of Senior Vice President  (SVP) and General Manager of Data & Analytic Services. In this role, Petrevski will be responsible for developing Aon’s Data & Analytic Services platform, reporting to John Bruno, CEO of Data & Analytic Services and COO of ... Read the full article

BMS inks Preferred Partner agreement with Chilean broker Insurex Re

18th May 2020

Independant specialist re/insurance broker BMS Group has concluded its Preferred Partner agreement with Insurex Re. A long-term business plan has been agreed with the independent Chilean reinsurance broker and existing trading partner that will see the two target facultative and treaty reinsurance placements, spanning property cat, financial lines, surety and construction. In ... Read the full article

Dominic Addesso named Non-Exec Chairman of BMS Intermediaries

18th May 2020

Specialist insurance and reinsurance broker BMS Group has announced the appointments of Dominic Addesso as Non-Executive Chairman and LoriAnn Lowery-Biggers as an independent Non-Executive Director of BMS Intermediaries Inc., the Group's US reinsurance intermediary unit. At the same time, both Addesso and Lowery-Biggers also join as independent Non-Executive Directors of the ... Read the full article

Reinsurance broker Ed launches TradEd in Bermuda

18th May 2020

Global reinsurance brokerage Ed has announced that its TradEd platform is now available to both carriers and clients in Bermuda. The TradEd electronic trading platform is used in-house by BGC insurance companies across the world, designed to enable a seamless placement of risk for all parties involved. An announcement on the external ... Read the full article

Volatility driving pricing disparity in bulk annuity market: Aon

15th May 2020

Recent volatile market conditions have been driving a much wider range of pricing for pension scheme buy-ins and buy-outs than has been seen over the last decade, according to re/insurance broker Aon. Despite these uncertainties, Aon still forecasts that 2020 will be another busy year for risk settlement, with pension schemes ... Read the full article

COVID-19 likely to worsen pre-existing capacity hardening: Steve Hearn

14th May 2020

Although too early to accurately predict coronavirus’ full impact on the re/insurance space, BGCI Chief Executive Officer Steve Hearn can see the pandemic exacerbating the industry's pre-existing environment of capacity hardening. Speaking recently to Reinsurance News, Hearn noted how the pandemic will likely cause customers to look very closely at their ... Read the full article

Guy Carpenter launches Philippines Flood Model

14th May 2020

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has announced the launch of its new probabilistic flood model for the Philippines. The Philippines Flood Model provides countrywide coverage and enables insurers to assess exposure for one of the most common natural hazards in the region. Guy Carpenter’s model is ... Read the full article

EC3 Brokers launches specialty division, announces leadership

13th May 2020

EC3 Brokers, the Lloyd's-headquartered commercial lines broker, has announced the launch of its specialty division and appointed Jonathon Lane as its head. Lane is joined by Dominic Toogood and Gary Moore, with all three reporting to James Murphy, head of broking at EC3 Brokers. Lane began his career in insurance in 2003 ... Read the full article

Ed names Brett Hatton as Divisional Director, Downstream Energy

13th May 2020

Global reinsurance brokerage Ed has bolstered its downstream energy team with the addition of Brett Hatton as Divisional Director, Downstream Energy, effective September 2020. In his new role, Hatton will be based in London and will report to Jon Parker, who leads the broker's downstream energy team. Hatton joins the firm from ... Read the full article

Swiss Re announces Lockton Affinity as administrator for Tennessee LPL program

12th May 2020

Global reinsurance giant Swiss Re has selected Lockton Affinity, an affiliate of Lockton Companies, as the new program administrator for its Lawyer Professional Liability (LPL) insurance in Tennessee, U.S., effective June 1st, 2020. This program provides lawyers with a comprehensive Professional Liability solution through Swiss Re, with best-in-class administration from Lockton ... Read the full article

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