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

BMS adds Holtmeier as Chief Strategy officer of US reinsurance

9th September 2019

Independent specialist re/insurance broker BMS Group has announced the appointment of Gregg Holtmeier as Chief Strategy officer of the firm’s US reinsurance operations. Holtmeier, who joins with over 20 years’ experience in the sector, will report to US reinsurance Chief Executive Officer, Steve Korducki. Effective immediately, Holtmeier will join the BMS US ... Read the full article

Aon to introduce auction capability for 1/1 renewals

8th September 2019

Global re/insurance brokerage Aon is set to implement an auction capability for the January 1 renewals, as the company looks to leverage new technology in order to speed up the process of pricing negotiations and contract certainty. Aon says the technology, offered as part of its suite of services, enables pricing ... Read the full article

Evolving risk landscape pivotal in shaping future of re/insurance: GC

8th September 2019

A recent report from Guy Carpenter has highlighted how players within the re/insurance industry are increasingly being forced to reassess their views of risk in light of loss accumulation from recent extreme weather events, uncertainty around climate change and higher loss cost trends in a number of long-tail business lines. Despite ... Read the full article

Tysers to acquire RFIB Group owner RTG

8th September 2019

Specialty Lloyd’s broker Tysers has announced the acquisition of Risk Transfer Group, the parent company of RFIB Group, for an undisclosed fee. Tysers says the move to combine with another independent specialist brokerage demonstrates a commitment to expanding its capabilities and product offering. As part of the deal, RTG Chief Executive Officer ... Read the full article

Reinsurance rate rises uneven & regional: Tony Melia, Willis Re

6th September 2019

Movements in reinsurance rates seen at mid-year 2019 renewals were not evenly distributed, with differentiation of cedants and regional price dynamics the order of the day. Willis Re International CEO Tony Melia explained to us in a recent interview that the reinsurance market has become increasingly nuanced, when it comes to ... Read the full article

Alternative capital poised to resume growth after flat 2018, says Aon

6th September 2019

The insurance-linked securities (ILS) sector is poised to resume growth following a plateau in 2018, according to a new report by Aon, which found that catastrophe bond levels had remained consistent year-over-year despite challenging market conditions. Aon established that $5.4 billion of catastrophe bonds, including life and health, were issued in ... Read the full article

Marsh agrees to split with specialty broker Construction Risk Partners

6th September 2019

Global re/insurance brokerage Marsh has reached an agreement with Construction Risk Partners (CRP), a specialty broker focused on US construction, whereby CRP management will buy back the company’s stock from JLT Specialty USA. CRP will begin operating as an independent construction risk and surety specialty insurance broker with immediate effect, maintaining ... Read the full article

Coca-Cola’s Simon Gilliat joins Lockton to drive International Benefits Strategy

6th September 2019

Global insurance and reinsurance broker Lockton has added Simon Gilliat to lead its International Benefits Strategy, based in London. In his new role, Gilliat will provide strategic direction to the broker's global employee benefits proposition, leading teams in the UK, Asia, Latin America and MENA. He joins Lockton from Coca-Cola where he ... Read the full article

BPL Global names Gregory King-Underwood as Head of Global Reinsurance

6th September 2019

Credit and political risk re/insurance broker BPL Global has announced the appointment of Gregory King-Underwood as Director and Head of Global Reinsurance and Portfolio Solutions. A former barrister, King-Underwood has worked at Guy Carpenter since 2012, where he recently headed up the broker’s trade credit, political risk, and surety and bond ... Read the full article

Aon appoints Weston Vice Chair of Bermuda Reinsurance Solutions

6th September 2019

Global re/insurance brokerage Aon announced the appointment of Neville Weston as Vice Chairman of its Reinsurance Solutions in Bermuda. He joins from Aeolus, where he served as a Partner and Senior Underwriter for its property catastrophe fund. Previously, Weston was with Guy Carpenter, having managed the firm’s casualty and professional liability broking ... Read the full article

Gallagher acquires lettings & landlord insurance broker RGA Group

5th September 2019

Global insurance brokerage Gallagher has announced the acquisition of RGA Group, a UK insurance intermediary comprised of the companies Rentguard Limited, Home & Travel Limited and RGA Underwriting Limited. In aggregate, Brentford-based RGA Group manages the insurance requirements of over 140,000 policyholders and since 2001 has built a multi-channel specialist capability ... Read the full article

Beach recruits JLT Re duo for London Wholesale Division

5th September 2019

Reinsurance brokerage Beach & Associates has continued to expand its London Wholesale Division with the appointments of Gavin Johns and Richard Emson. Johns and Emson both join the company from JLT Re, where they operated within the Facilities & Binders Division. They each bring over 30 years’ of industry experience in the ... Read the full article

Willis Re promotes Franck Pinette to lead Intl Life & Health Practice

5th September 2019

Willis Re, the reinsurance business of global re/insurance brokerage Willis Towers Watson, has promoted Franck Pinette to lead its International Life & Health Practice. Pinette, who joined Willis Re as Managing Director for EMEA Life & Health in 2018, brings over 30 years’ experience to the role. Prior to joining Willis Re, ... Read the full article

Capsicum Re expands London cyber team with four new hires

5th September 2019

Specialist reinsurance broker Capsicum Re has expanded its capabilities with the addition of four new appointments to its cyber team, based in London. Umair Ghani and Thomas Lashkari have joined as a cyber pricing actuary and a cyber analyst, respectively, and will report to Justyna Pikinska, Head of Analytics, Specialty Lines ... Read the full article

Lockton Re adds Simon Mills & Fraser Howard to London office

5th September 2019

Lockton Re, the reinsurance division of broker Lockton, has hired Simon Mills and Fraser Howard, previously of JLT, as part of its global healthcare reinsurance expansion. The pair will be based in London, and will be seeking to support collaboration across the reinsurance broker's international network to further develop a seamless ... Read the full article

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