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.

New data shows Willis Towers Watson PPL push

10th December 2018

The risk advisory and broking firm Willis Towers Watson has revealed that, during Q3 2018, over 57% of eligible risks were placed through the London Market Group’s (LMG) Placing Platform Limited (PPL) across all lines of business, with certain lines of business regularly exceeding 75% of eligible risks. PPL is a ... Read the full article

Ed appoints new London CEO as Hearn named head of BGC’s insurance division

10th December 2018

Global reinsurance, wholesale and specialty broker, Ed, has appointed Andrew Draycott Chief Executive Officer (CEO) designate of Ed Broking in London, with current Group CEO of Ed Broking, Steve Hearn, set to become the new head of BGC Partners' insurance division. Draycott's appointment remains subject to regulatory approvals and he is ... Read the full article

Ed Broking plans to open Bermuda office in 2019

10th December 2018

Ed Broking, the globally active reinsurance, wholesale and specialty insurance broker, is planning to open its first office in Bermuda in 2019, the latest expansion for the firm. Ed Broking is already active across Europe, Asia and the United States, with offices in London, Hong Kong, Beijing, Shanghai, Singapore, Dubai, Paris, ... Read the full article

Gallagher acquires brokerage firms in UK, New Zealand

10th December 2018

Global insurance broker, risk management and consulting firm Gallagher has announced the acquisition of two insurance broker firms, expanding its footprint across the South West of England and New Zealand. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, leading South West commercial insurance broker Pavey Group ... Read the full article

Brokerslink CEO Jacqueline Legrand resigns

7th December 2018

The Chief Executive Officer of Brokerslink, Jacqueline Legrand, has announced her resignation from the role in order to take on a new professional opportunity and reunite with her family, the company has said. Legrand was first involved with Brokerslink in 2009 when she held the position of Chief Operating Officer at Brokerslink, ... Read the full article

Ed appoints Willis Re’s Jo Kendall as Head of Cat & Exposure Management

6th December 2018

Global re/insurance broker Ed has announced the appointment of Jo Kendall as Head of Catastrophe & Exposure Management. Kendall, who brings 15 years of industry experience to the role, will be reporting to the Group Chief Actuary, Jonathan Tilman. She joins from Willis Re, where she led the London specialty cat modelling ... Read the full article

Arthur J. Gallagher acquires IBS Re Singapore, takes stake in Indonesian broker

3rd December 2018

Arthur J. Gallagher & Co., the U.S. global insurance brokerage and risk management services firm, has acquired 100% of reinsurance broker IBS Re Singapore, in addition to taking a 40% stake in Indonesian broker PT IBS Insurance Broking Service. Based in Jakarta, PT IBS Insurance Broking Service has revenues of over ... Read the full article

PI premiums to rise as construction market hardens, warns JLT Specialty

3rd December 2018

JLT Specialty, the specialist insurance broker and risk consultant, has warned that contractors could face a significant increase in professional indemnity (PI) premiums as the construction market begins to harden. Greater regulatory scrutiny and uncertainty regarding cladding systems following the Grenfell fire has led many insurers to scale back on capacity ... Read the full article

New Lloyd’s broker Marken Re announces launch

29th November 2018

Marken Re Specialty Limited, a newly formed specialty re/insurance broker that will operate from Lloyd’s of London, has been launched by the company’s founders Pieter Vlasbloem and Nathan Parke. "Our goal is to enhance the development of our clients by providing them with the most reliable and optimal (re)insurance solutions, with ... Read the full article

AFL launches joint South America venture with Special Division

29th November 2018

Independent Lloyd’s broker AFL Insurance Brokers Ltd has launched AFL Sud America LLC as part of a joint venture with Special Division Reinsurance Brokers, one of the largest reinsurance brokers in South America. The business was formed after AFL acquired a stake in Special Division’s Cooper Gay Argentina LLC business, which ... Read the full article

WTW’s ResQ software to help insurers implement IFRS17

29th November 2018

Global re/insurance broker Willis Towers Watson is to launch new software in early 2019 aimed at helping businesses implement IFRS17, one of the most significant and complex changes to insurance accounting requirements in over 20 years. When launched, ResQ Financial Reporter will provide insurers with a framework to generate financial statements ... Read the full article

Compass awarded term life product contract by Habito

27th November 2018

London-based firm Compass Underwriting has won the underwriting and service contract to provide term life mortgage cover for Habito, a digital mortgage broker. Underwritten by AIG Life, the policy will match the period of the mortgage and can cover single or joint applicants. It also offers up to 90 days of cover ... Read the full article

Marsh granted first captive management licence in Abu Dhabi

27th November 2018

Global re/insurance broker Marsh has been awarded the first licence to provide captive insurance management services in Abu Dhabi. The firm, operating as Marsh Management Services (MENA) Limited, has been authorised by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). The AGDM is the international financial centre in the capital ... Read the full article

Arthur J. Gallagher acquires two California-based P&C brokers

27th November 2018

U.S. global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has expanded its presence in California with the acquisition of property and casualty (P&C) brokers Buckman-Mitchell, Inc. and R.T. Beers & Company Insurance Services, Inc. Buckman-Mitchell is a retail P&C and employee benefits agency and consultant that ... Read the full article

Stephen Fromm appointed Vice Chairman, TigerRisk Capital Markets & Advisory

26th November 2018

Reinsurance brokerage, risk and capital strategic advisory TigerRisk Partners LLC has announced the appointment of Stephen Fromm as Vice Chairman, TigerRisk Capital Markets & Advisory. Fromm has been in private practice since 2016, advising a number of start-up, fintech and financial services companies. Previously he was Managing Director and Vice Chairman of ... Read the full article

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