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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.

Lockton adds Marsh’s Tom Orrico as SVP, MD of financial institutions

8th October 2019

Global re/insurance brokerage Lockton has announced the appointment of Tom Orrico to the role of senior vice president, managing director of financial institutions. Orrico brings 28 years’ experience to the role and joins from Marsh, where he built and led the financial institutions practice. Effective October 14, he will be based in ... Read the full article

CRC Group enhances Risk Evaluation Database platform

7th October 2019

US wholesale broker CRC Group has released new functionality for its Risk Evaluation Database (REDY) platform. REDY.Search will combine the knowledge of individual CRC brokers and underwriting with the company’s exposure and loss information to identify market and programs with the highest likelihood to write an account. It will deliver recommendations based ... Read the full article

Aston Lark adds Andrew Scola as Chief Technology & Operating Officer

7th October 2019

UK insurance broker Aston Lark has announced the appointment of Andrew Scola to its executive leadership team as Group Chief Technology & Operating Officer. Scola took up the newly created position on 1 October. He has over 20 years’ experience as a Management Consultant leading complex change programmes as well as directing ... Read the full article

Guy Carpenter names Guerriero Interim Head of International Fac

7th October 2019

Reinsurance broker Guy Carpenter has announced the appointment of Frank Guerriero as Interim Head of International Facultative Operations. Guerriero succeeds Paul Summers who has left the firm to pursue other opportunities. In his new role, he will report to Chief Executive Officer (CEO), International, Guy Carpenter, James Nash. Guerriero has been with ... Read the full article

One third of UK councils targeted by cyber attacks in 2019, reports Gallagher

4th October 2019

Councils across the UK are facing an unprecedented number of cyber attacks, with one third of local authorities targeted in the first six months of 2019 alone, according to re/insurance broker Gallagher. Of the 202 councils that responded to freedom of information (FOI) requests from Gallagher, 101 also said they had ... Read the full article

Brown & Brown appoints Boyd to tech-focused Senior VP role

4th October 2019

Insurance brokerage Brown & Brown has announced the appointment of Stephen Boyd as Senior Vice President of Technology, innovation and Digital Strategy. Boyd joins from Arrowhead General Insurance Agency, where for nearly ten years he served as President and Chief Operating Officer. This new role will see him work closely with leadership ... Read the full article

CAC Specialty forms Financial Sponsors insurance team

4th October 2019

CAC Specialty, the specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has announced the creation of a dedicated team providing insurance and capital market solutions to the private equity community. The newly-formed Financial Sponsors Group (FSG) will bring together seven interdisciplinary specialties, CAC Specialty explained. These include sponsor ... Read the full article

Arthur J. Gallagher’s Artex to acquire Horseshoe Insurance Services

3rd October 2019

Arthur J. Gallagher & Co. has announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, has signed an agreement to acquire Horseshoe Insurance Services Holdings Ltd. Horseshoe is a Bermuda-headquartered provider of insurance management fund administration, advisory and corporate services to the insurance-linked securities (ILS) market. The firm, ... Read the full article

Reinsurance broker Ed adds divisional director to Risk Solutions unit

3rd October 2019

Global reinsurance brokerage Ed has appointed Richard Laird as a divisional director in its Risk Solutions division, based in London. Laird previously served as executive director at Price Forbes Risk Solutions, a specialty broker specializing in reinsurance and insurance MGA/Delegated Authority business.  Prior to Price Forbes Risk Solutions, Laird worked at ... Read the full article

Further improvement of proposed IFRS 17 ED amendments required: WTW

2nd October 2019

Global insurance and reinsurance broker Willis Towers Watson (WTW) has responded to the International Accounting Standards Board's (IASB) amendments to the IFRS 17 Standard, highlighting a number of areas which require further improvement. WTW has commented on the IFRS 17 Exposure Draft (ED), which was released on June 26th, 2019 and ... Read the full article

Reinsurers remain “strongly positioned” in shifting risk landscape: Guy Carpenter

2nd October 2019

The reinsurance market remains “strongly positioned” to support insurers even as the risk landscape continues to undergo rapid change, according to a new report from Guy Carpenter, the reinsurance arm of Marsh. Guy Carpenter observed that the risks at the top of re/insurers’ agendas have shifted from largely economic concerns 10 ... Read the full article

Miller adds Financial Institutions, D&O specialist Thomas Coates

2nd October 2019

Global re/insurance broker Miller has appointed Thomas Coates to develop the firm’s financial institutions and directors & officers offering and to produce new business in North America and Asia-Pacific. Coates joins with close to 20 years’ market experience, during which time he has placed business across a number of markets globally. He ... Read the full article

Willis Re appoints Aspen’s Donald Harrell as MD, COO of Specialty business

2nd October 2019

Willis Re, the reinsurance business of global re/insurance brokerage Willis Towers Watson, has appointed Donald Harrell as Managing Director & Chief Operating Officer of its Specialty business. Based in London, Harrell’s new role will see him oversee the international expansion of the business. He will also be responsible for the day-to-day operations, ... Read the full article

CAC Specialty hires André Eichenholtz to lead Portfolio Solutions group

1st October 2019

CAC Specialty, the specialty insurance brokerage and investment banking platform recently established by Cobbs Allen, has announced the appointment of André S. Eichenholtz as leader of its Portfolio Solutions group. Eichenholtz joins CAC Specialty from JLT Specialty, where he formerly worked as Head of M&A Diligence. He brings more than 30 years’ ... Read the full article

HW Kaufman acquires cyber MGA Node International

30th September 2019

HW Kaufman Group, the parent company of wholesale brokerage and managing general underwriter Burns & Wilcox has acquired Node international, a managing general agent focused on cyber-risk and technology-related insurance solutions. The deal marks the group’s 20th acquisition in nine years and has been described by Chairman, President and Chief Executive ... Read the full article

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