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

A J Gallagher earnings stable in Q3, organic growth up 5.8%

25th October 2019

Global insurance brokerage Arthur J. Gallagher & Co. has released its financial results for the third quarter of 2019, reporting stable earnings when compared with the previous year, as well as organic revenue growth of 5.8%. Net earnings came to $137.1 million in Q3 2019, showing a minor decline from the ... Read the full article

Brokerslink adds Middle East regional manager

25th October 2019

Independent broker network Brokerslink has announced the appointment of Osama Abu Ghazaleh as Middle East regional manager, as the firm looks to increase its focus on the region. Both the Middle East and African regions were previously represented by Tiago Mora, until Brokerslink Chairman José Manuel Fonseca announced that the two ... Read the full article

Aon’s Reinsurance Solutions adds co-leaders of UK & Ireland and Specialty Casualty

24th October 2019

Aon's Reinsurance Solutions segment has announced the appointment of Dean Jenner and Richard Evans as co-leaders of its UK & Ireland and Specialty Casualty business. Both Jenner and Evans will report to Peter Stubbings, Reinsurance Solutions' Chief Executive Officer (CEO) of Global ReSpecialty, and will work with a leadership group of ... Read the full article

Willis Tower Watson accounting platform hits $20bn premium, powered by Ebix

24th October 2019

Willis Accounting, the carrier interface from Willis Towers Watson, has now seen over $20 billion of premium submitted in its four years since inception. The service is powered by the electronic platform EbixExchange from Ebix Europe, an international supplier of On-Demand software and E-commerce services to the re/insurance, financial, healthcare, and ... Read the full article

Insurtech investments already ahead of 2018 at $4.36bn: Willis Towers Watson

23rd October 2019

New funding commitments to the insurtech sector totalled $4.36 billion during the first three quarters of 2019, according to Willis Towers Watson. This figure is already 5% up on the total amount of investments in insurtech during the previous year. The broker recorded 239 total transactions across the year so far, 83 ... Read the full article

Lockton to provide Vizient members with P&C solutions

23rd October 2019

Re/insurance broker Lockton Companies has entered into an agreement with a subsidiary of Vizient, Inc., Vizient Insurance Services, LLC to offer property and casualty (P&C) insurance solutions and services for Vizient members. The contract became effective on July 1st, 2019 and under the terms of the agreement, Lockton now offers Vizient ... Read the full article

Market competition demands distinctive strategies: John Trace, Guy Carpenter

23rd October 2019

With competition and change still the defining factors in today’s market, re/insurers must carve out “distinctive strategies” to maximise their potential for success, according to John Trace, CEO, North America, at Guy Carpenter. Commenting of the broker’s annual review of property and casualty (P&C) results, Trace noted that new sources of ... Read the full article

Rate increases persist but slow in robust US homeowners market: Aon

22nd October 2019

The US homeowners sector remains robust in spite of the devastating and costly impacts of 2017 and 2018 catastrophe events, with further premium growth expected in 2019, according to re/insurance broker Aon's annual Homeowners ROE Outlook report. The report finds that US homeowners direct written premiums increased to USD 98 billion ... Read the full article

Michael Moran appointed EVP of Aon United

22nd October 2019

Global re/insurance broker Aon has appointed Michael Moran to lead the scaling of best practices across the firm as executive vice president of Delivering Aon United. Delivering Aon United was outlined recently as part of a growth strategy aimed at leveraging best practices to increase collaboration across lines, improve sales, ... Read the full article

Marsh & McLennan Agency promotes Paul Hering to Vice Chairman

22nd October 2019

Global re/insurance broker Marsh's middle market agency, Marsh & McLennan Agency LLC (MMA), has appointed Paul Hering to the newly created position of Vice Chairman. In his new role, Hering takes responsibility for helping to lead the firm's key growth strategies, which includes talent development, acquisitions, and carrier relations. He will ... Read the full article

Eight deals see £25bn of pension liabilities transferred in 2019: Aon

22nd October 2019

The eight largest bulk annuity transactions this year represents over £25 billion of pension scheme risk transferred to the insurance market and sets 2019 up to become another record-breaking year for risk settlement, according to analysis by re/insurance broker Aon. These transactions alone exceeds the previous annual record for total bulk ... Read the full article

TRIPRA uncertainty may impact re/insurance availability: Metropoulos, Guy Carpenter

21st October 2019

Uncertainty regarding the future of the US Terrorism Risk Insurance Protection and Reauthorization Act (TRIPRA) may impact the “nature and availability" of re/insurance coverage, according to Emil Metropoulos, Terrorism Center of Excellence Practice Leader at Guy Carpenter. Metropoulos does not foresee major resistance to a reauthorisation of TRIPRA, which is currently ... Read the full article

Aon’s Regional Insurer Group launches in the U.S.

21st October 2019

Global insurance and reinsurance broker Aon is aligning its teams to better serve regional insurers and has announced the launch of its Regional Insurer Group, which currently provides services to regional insurers in the U.S. The global brokerage explains that its Regional Insurer Group is an Aon-wide group designed to increase ... Read the full article

Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden

21st October 2019

At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article

Swiss Re Corporate Solutions & Brokerslink partner on business platform

18th October 2019

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re Group, has agreed to develop a dedicated international insurance program management platform for the Brokerslink network. Brokerslink combines a global broking company with a worldwide network of independent brokers and risk consultanceis, comprising around 18,000 individuals. The new business ... Read the full article

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