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.

Casualty markets undergoing abrupt shift to profitability: Lockton

14th October 2019

Pricing adequacy has continued to increase across the US casualty re/insurance market, with some lines undergoing an abrupt shift to a renewed focus on profitability, according to global re/insurance brokerage Lockton. The umbrella and excess casualty markets in particular have seen a positive turn, Lockton said, with carriers now demanding higher ... Read the full article

Re/insurance to cover less than half of Dorian’s $1.2bn US impact: Aon

11th October 2019

Public and private re/insurance is expected to cover less than half of the total $1.2 billion economic impact of Hurricane Dorian in the US, according to Aon’s September Global Catastrophe Recap report. The month was characterised by a number of large industry losses, but Aon’s estimates also show that industry costs ... Read the full article

Gallagher acquires Kentucky-based insurer Garrett-Stotz

11th October 2019

US global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has announced the purchase of Garrett-Stotz Company, a Kentucky-based insurance agency. Garrett-Stotz was founded in 1931 and is a full-service commercial and personal lines property/casualty and benefits agency. The firm's areas of specialisation include construction/surety, real estate and ... Read the full article

Brokerslink targets growth in Africa with new steering team

11th October 2019

Independent broker network Brokerslink has established a new regional team to help drive growth and development opportunities for its broker partners and affiliates in Africa and through its international network. It follows the launch of a new steering team for Europe earlier this week, also aimed at supporting the global ... Read the full article

Aon execs John Zern and Cary Grace to step down

10th October 2019

Re/insurance broker Aon has revealed that two of its executive leaders, John Zern and Cary Grace, are to depart the company to pursue new opportunities. The announcement came alongside the launch of the next stage in Aon’s ‘Developing Aon United’ growth strategy. The strategy will see the firm implement a common ... Read the full article

Aon enhances client leadership & services in next stage of growth strategy

10th October 2019

Re/insurance broker Aon has announced the next stage in its ‘Delivering Aon United’ growth strategy, which will see the firm implement a common standard for client leadership and create new hubs to support back and middle-office client services. Aon explained that the new leadership strategy will leverage best practices to increase ... Read the full article

Marsh adds Aon directors to UK Real Estate Practice

10th October 2019

Global re/insurance brokerage Marsh has announced the appointments of Bryce Check as a Business Relationship Director and Anna Whitfield as a Client Service Director, both within its UK Real Estate Practice. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, ... Read the full article

Property underwriting improvements to continue through early 2020: Lockton

10th October 2019

Analysts at global re/insurance brokerage Lockton expect the more discerning approach of underwriters in the US property market to continue through at least into early 2020, based on performance this year. Lockton noted that there is still plenty of capital in the marketplace, but deployment is becoming tighter, leading to an ... Read the full article

£70 billion of longevity deals completed by FTSE 100 companies: Aon

9th October 2019

More than one-third of FTSE 100 companies with defined benefit (DB) pension schemes have taken steps to remove longevity risk via bulk annuities and longevity swap transactions, reports global insurance and reinsurance broker, Aon. To date, £70 billion of completed longevity risk transactions by FTSE 100 firms have taken place, with ... Read the full article

Aon sets up global wholesale reinsurance committee

9th October 2019

Aon’s Reinsurance Solutions business has announced the establishment of its new Global Wholesale Committee, based in London. The committee will be tasked with enhancing client services and supporting Aon’s relationships within London and the broader wholesale reinsurance market. Bill Fearnley-Whittingstall, Head of the Americas Division in London for Aon’s Reinsurance Solutions business, ... Read the full article

Brokerslink bolsters European operations with new steering team

9th October 2019

Independent broker network Brokerslink has established a European steering team to support its operations in the region. The steering team will be tasked with supporting the global expansion of the Brokerslink network and strengthening communications between European brokers. It will also help to develop niche products and new services with Brokerslink’s partner ... Read the full article

Marsh collaborates with Zurich NA on pet insurance program

9th October 2019

Global re/insurance brokerage Marsh has announced the launch of a new pet insurance program for cats and dogs in the US, to be underwritten by Zurich North America. The program, called TrustedPals, is backed by Marsh’s Bluestream platform and will offer insurance with flexible co-payments, limits and deductibles. A self-service feature driven ... Read the full article

BMS secures investment from major financial institutions

8th October 2019

UK headquartered brokerage BMS Group has announced the completion of its equity investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP). First announced back in June 2019, the investment valued BMS at £500 million (US $636 million). Following the investment, management and staff of BMS will maintain ... Read the full article

Risk Strategies’ Mina named CEO as Christian takes on Executive Chairman role

8th October 2019

U.S. domiciled insurance broker and risk management firm, Risk Strategies, has revealed that its President, John Mina has been appointed Chief Executive Officer (CEO). Mina succeeds Risk Strategies founder and long-term CEO, Michael Christian, who is moving into the Executive Chairman role. Mina joined the company in April of 2017 from re/insurance ... Read the full article

Marsh JLT Specialty bolsters aviation practice in both London & New York

8th October 2019

Global insurance and reinsurance brokerage, Marsh, has announced a number of appointments to the Aviation Practice in London and New York within Marsh JLT Specialty. Based in London, Tony Ambrose and Martyn Holland are set to join as Managing Directors and will report to Andy Smith, Chairman and Chief Executive Officer ... Read the full article

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