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

Marsh’s Lay leaves Canada to become CEO of UK & Ireland

13th April 2018

Marsh has announced that Chris Lay is to become Chief Executive Officer (CEO) of its UK & Ireland region and of Marsh Limited, and has appointed Sarah Robson to replace him as President and CEO of Marsh Canada. Lay, who has been with Marsh for 30 years, will relocate back to ... Read the full article

Christos Adamantiadis joins Marsh as CEO of combined Middle East & Africa region

11th April 2018

Global insurance and reinsurance broker Marsh has announced the appointment of Christos Adamantiadis as Chief Executive Officer (CEO) of a newly combined Middle East and Africa region, effective May 1st, 2018. In his new role, Adamantiadis will be based in Dubai and report to Flavio Piccolomini, President of Marsh International. The position will see ... Read the full article

Jonathan Bines joins AFL Insurance Brokers from JLT as Chief Commercial Officer

10th April 2018

Independent Lloyd's of London broker, AFL Insurance Brokers Ltd, recently announced the appointment of Jonathan Bines as Chief Commercial Officer (CCO). Bines was formerly with insurance and reinsurance broker JLT as a Senior Partner, Specialty Property & Casualty, after joining the firm in 2005 from Marsh, where he started his insurance ... Read the full article

Howden to acquire majority stake in Turkish broker ACP

9th April 2018

Howden, part of the Hyperion Insurance Group, has announced that it plans to purchase a majority stake in ACP, Turkey’s largest independent re/insurance broker. The transaction will considerably expand Howden's operations in Turkey, adding sites in Ankara, Bursa, and Izmir to the company’s existing office in Istanbul, which was established in ... Read the full article

Overall, U.S. tax reforms to benefit global brokers: Moody’s

9th April 2018

The U.S. tax reform is predicted to have an overall positive impact on brokers domiciled in the country, with the lower corporate tax rate boosting net profits. However, for highly leveraged private brokers the reforms could reduce earnings due to higher taxable income from limits on the deductibility of interest ... Read the full article

UIB opens new retail broking business in Colombia

6th April 2018

UIB, an independent international re/insurance broker, has announced the launch of a new retail broking business in Colombia, called UIB Seguros. Yolanda Guerra has been appointed head of the new company, and will report directly to Tony Dilley, Chief Executive Officer (CEO) of UIB International. Dilley commented: “Colombia is a stable country ... Read the full article

Adverse weather in March drives $3bn economic loss in the U.S: Aon Benfield

6th April 2018

According to reinsurance broker Aon Benfield's catastrophe risk modelling unit, Impact Forecasting, active weather events in March are expected to cost the U.S. economy $3 billion, with approximately $2 billion of this being assumed by insurers and reinsurers. Impact Forecasting has released its March 2018 Global Catastrophe Recap report, which states ... Read the full article

JLT Re makes three new senior U.S appointments

4th April 2018

JLT Re (North America) Inc. has announced the appointments of George Daddario, Peter Chandler and Chip Ott to key executive positions within the company. Daddario, who joined JLT Re in 2014 in the acquisition of Towers Watson, has been appointed to the newly created role of Executive Chairman, and will be ... Read the full article

Marsh names Sue Woolterton as Head of Specialties

29th March 2018

Marsh has appointed Sue Woolterton to the newly created position of Head of Specialities, to be based in the firm’s second largest UK office in Norwich. Woolterton, who has been with Marsh since 1987, will now be responsible for developing Marsh’s UK Specialties Division, which covers its marine, energy, aviation, construction, ... Read the full article

Integro completes merger agreement with Lloyd’s broker Tyser & Co

29th March 2018

Integro Insurance Brokers has announced the completion of an agreement to merge its UK wholesale and UK retail operations with specialist Lloyd's broker Tyser & Co (Tysers). The agreement will see Integro acquire 100% of Hawkes Bay Holdings (HBH), the privately-owned principal parent company of Tysers, upon receipt of regulatory approval. The transaction ... Read the full article

Ed hires Herman from Lloyd & Partners to Risk Solutions team

27th March 2018

London-based re/insurance broker Ed has announced that it has expanded its Risk Solutions team with the appointment of Dean Herman to the role of Divisional Director. Herman joins Ed from Lloyd & Partners, where, as Head of U.S Property, he was responsible for the placement of global accounts across sectors like ... Read the full article

WTW expands Head of Corporate Risk & Broking Asia’s role to include Australasia

26th March 2018

Willis Towers Watson (WTW) has expanded Simon Weaver's current role as Head of Corporate Risk and Broking (CRB) for Asia to include operations in Australia and New Zealand. In what is a newly-created, expanded role, Weaver will head up CRB’s growth across Asia Pacific by coordinating Willis Towers Watson’s global CRB ... Read the full article

Stable 2018 global outlook for re/insurance brokers: Moody’s

26th March 2018

Moody’s Investors Service has reported that re/insurance brokers have a stable 2018 outlook, crediting high product demand, capital requirements, significant variable costs, and good profit margins and cash flows for the sector’s health. Brokers in the U.S will benefit in particular, due to steady economic growth, rising P&C re/insurance rates, and ... Read the full article

Marsh’s Roy White appointed Chair of LIIBA

23rd March 2018

Chairman of UK Specialties at broker Marsh, Roy White, has been appointed as the new Chair of the Board of the London & International Insurance Brokers' Association (LIIBA), succeeding Arthur J Gallagher's Andrew Agnew. Agnew leaves the post after two years, and White takes up the position after previously serving as ... Read the full article

Nathan Shanaghy to replace David Ledger as COO, Aon UK Ltd

23rd March 2018

Current Chief Operating Officer (COO) of Aon Risk Solutions UK and the London Global Broking Centre, Nathan Shanaghy, has been appointed COO of Aon UK Ltd, reporting to Julie Page, Chief Executive Officer (CEO) of Aon UK Ltd. He succeeds David Ledger, who is set to retire at the end of ... Read the full article

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