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.

Abundant capital driving nat cat resilience & innovation: Aon

5th October 2018

Despite huge insured losses in 2017 an ongoing abundance of capital means the industry’s capacity to meet and operate profitably in the face of natural catastrophe is not only stable, but growing, according to Rohan Dixon, Executive Vice-President and Chief Broking Officer at Aon, Canada. In its latest market report, Aon ... Read the full article

Maritime industry unprepared to deal with global issues, reports Marsh

5th October 2018

The global maritime industry is not prepared to deal with major issues that are likely to impact it over the next ten years, according to senior maritime stakeholders surveyed in an industry report backed by global insurance broker and risk adviser, Marsh. The report examines the impact and likelihood of 17 ... Read the full article

Marsh makes senior leadership appointments within captive business

4th October 2018

Global re/insurance broker Marsh has announced two senior leadership appointments within its Marsh Captive Solutions business. Julie Boucher takes direct leadership of the company’s Bermuda, Cayman, and Barbados captive offices as Islands Practice Leader, a newly-created role effective January 1, 2019. Boucher, who has been with Marsh for 30 years, will relocate ... Read the full article

AFL appoints JLT Re’s Julia Moretti as Director of Casualty

2nd October 2018

Independent Lloyd’s broker AFL Insurance Brokers has announce the appointed of Julia Moretti as Director of Casualty. Moretti joins from JLT Re, where she served as Partner and Senior Casualty Producer in the Facultative Division. She brings to the role 18 years of market experience, nine of which were spent at United Insurance ... Read the full article

Willis Towers Watson acquires French broker Dero Courtage

2nd October 2018

Insurance and reinsurance broker Willis Towers Watson has announced the acquisition of Dero Courtage, a risk advisor and insurance broker based in the French region of Normandy, for an undisclosed consideration. Headquartered in Le Havre, Dero Courtage specialises in corporate risks and the protection of executives. Following the acquisition, the business will ... Read the full article

Ed appoints head of Treaty & Facultative team for Singapore

2nd October 2018

Ed, the global reinsurance, wholesale and specialty broker, has strengthened its Treaty and Facultative team in Singapore with the appointment of Tommy L. Co as Executive Director, effective immediately. Co has 35 years of re/insurance industry experience and joins Ed from ERGO Insurance Singapore, where he most recently served as Chief ... Read the full article

Aon launches Americas Capital Advisory team, Kelly Superczynski to lead

2nd October 2018

Global re/insurance broker Aon has announced the launch of its Americas Capital Advisory team, aimed at strengthening re/insurers’ profitability in the face of low growth, shrinking underwriting margins and perpetually evolving rating agency criteria. Aon says the key goal of this Capital Advisory team is to help re/insurers address a broad ... Read the full article

LIIBA “lobbied hard” to ensure “manageable” IDD effect on wholesale brokers: Croft

1st October 2018

The London and International Insurance Brokers’ Association “lobbied hard” to ensure that today’s implementation of the Insurance Distribution Directive in the UK will have a manageable effect on wholesale brokers, according to LIIBA Chief Executive Officer Christopher Croft. Essentially, IDD is designed to outline the information consumers should receive before they ... Read the full article

Guy Carpenter appoints Siobhan O’Brien as Head of International Cyber Centre

1st October 2018

Guy Carpenter & Company, LLC, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has appointed Siobhan O’Brien Head of the Cyber Centre of Excellence for International and Global Specialties, effective October 1. The newly-created role will see O’Brien lead the International Cyber Centre of Excellence and work ... Read the full article

Are brokers still contributing to the value chain? Aon & Swiss Re heads discuss

28th September 2018

As reinsurance companies increasingly develop capabilities that allow them to interact directly with customers, the position of brokers in the value chain has come into question. Speaking during events at the Reinsurance Rendez-vous event in Monte Carlo, the heads of reinsurance at Aon and Swiss Re offered contrasting opinions on the ... Read the full article

Marsh expands blockchain partnership with IBM

28th September 2018

Global re/insurance broker Marsh is expanding its blockchain partnership with IBM, five months after announcing its decision to use the technology to streamline proof of insurance processes. It’s hoped that blockchain technology will transform the certificate of insurance process, which is currently manual, and allow clients to more easily hire contractors ... Read the full article

GDPR & cyber concerns hindering UK SME’s Brexit planning: Zurich

28th September 2018

Complex Issues such as GDPR compliance plus concerns surrounding cyber security may be causing the UK’s small medium-sized business to overlook the importance of planning for Brexit, finds broker survey conducted by Zurich. 24% of respondents said that their SME clients now ask them about GDPR on a regular basis. However, regular ... Read the full article

Aon partners with Pembroke on $50mn policy for victims of terrorism

27th September 2018

Global re/insurance broker Aon has collaborated with Pembroke Managing Agency at Lloyd’s in the development of a Public Protection Policy, designed to help businesses provide financial support to individuals affected by a terrorist attack on its premises or owned space. With an aggregate policy limit up to $50 million, the solution ... Read the full article

RCM&D and Risk Cooperative enter strategic partnership

27th September 2018

RCM&D, an independent re/insurance brokerage and risk advisory firm, has entered a strategic partnership with Risk Cooperative, a risk and insurance advisory firm and coverholder at Lloyd’s in Washington, D.C. The partnership is expected to strengthen RCM&D’s regional presence in the mid-Atlantic, which already includes offices in Baltimore, Harrisburg, Philadelphia, and ... Read the full article

Growth the main factor behind JLT acquisition: Dan Glaser

24th September 2018

Dan Glaser, President and Chief Executive Officer (CEO) of Marsh & McLennan Companies, Inc., has said that the firm's acquisition of JLT Group is about growth, noting that the two global insurance and reinsurance brokers are "stronger together". Marsh announced its $5.6 billion takeover of JLT Group on Tuesday, a deal ... Read the full article

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