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.

Gallagher hires Daniel Stewart as head of trade credit in Manchester

24th September 2018

Gallagher, the global re/insurance brokerage and risk management services firm, has appointed Daniel Stewart to lead its Manchester-based specialist UK Trade Credit & Surety Practice. Stewart has almost 20 years of specialist broking experience and joins Gallagher from Marsh, where he was a national practice leader for trade credit, responsible for ... Read the full article

Aon confident of organic growth, sees business relevance increasing: Analysts

24th September 2018

Global insurance and reinsurance broker Aon believes that the relevance of its business is on the rise and is confident that it can produce mid-single digit organic growth or higher, according to analysts at J.P. Morgan. Analysts met with Aon's Chief Financial Officer (CFO), Christa Davies and the Chief Operating Officer ... Read the full article

Marsh adds Tom Colraine to Board as Non-Exec Director

24th September 2018

Global insurance and reinsurance broker Marsh has appointed Tom Colraine as a Non-Executive independent member of its Board of Directors. Colraine has held many senior positions in the re/insurance sector throughout his career, including as Chief Operating Officer (COO) and Chief Financial Officer (CFO) of AIG Europe from 2009-2014. He also served ... Read the full article

LMG’s delegated authority platform to launch this week, market uptake high

24th September 2018

With the London Market Group’s (LMG) Delegated Authority: Submission, Access and Transformation Solution (DA SATS) set to go live this week, market uptake from brokers and underwriters has reportedly been strong. DA SATS is powered by Tide from Charles Taylor Insurtech and provides a central service to standardise the collection, validation, ... Read the full article

AIG to acquire Glatfelter Insurance Group

21st September 2018

Global insurer American International Group is to acquire the full-service broker and insurance company Glatfelter Insurance Group. While terms were not disclosed, the transaction is expected to close in the fourth quarter of 2018. AIG hopes acquisition of a firm with high-quality program underwriting capabilities deal will accelerate the strategic positioning ... Read the full article

Willis Towers Watson develops geopolitical risk policy for cargo

21st September 2018

Insurance and reinsurance broker Willis Towers Watson has developed a new policy solution for the cargo market that provides protection for exposure to geopolitical risk. Cargo Undercover will minimise potential gaps in coverage and the likelihood of claims disputes, Willis Towers Watson said, as well as removing the need to establish ... Read the full article

Marsh appoints Alistair Fraser as CEO for UK Corporate

20th September 2018

Global insurance and reinsurance broker Marsh has appointed Alistair Fraser as Chief Executive Officer (CEO) of its UK Corporate division, replacing Joe Grogan who has been named as Chairman of Marsh Ireland. Fraser, who currently serves as CEO & President Director of Marsh Indonesia, will assume overall responsibility for Marsh’s Corporate ... Read the full article

InsurTech deal count up but investment volume down at Q2: Willis Towers Watson

20th September 2018

The second quarter of 2018 marked a record high for InsurTech deals as a total of 71 funding transactions took place, although the collective investment value of $579 million was down 20% against the prior quarter, according to re/insurance broker Willis Towers Watson. The broker’s Quarterly InsurTech Briefing, produced in collaboration ... Read the full article

Willis Towers Watson develops new multi-peril property loss modelling tool

19th September 2018

Insurance and reinsurance broker Willis Towers Watson has developed a new technology platform to help organisations analyse potential property losses, called Property Quantified. Set to be launched during the RIMS Canada 2018 Conference on September 23, the Property Quantified platform will enable clients analyse losses across a global portfolio and optimise ... Read the full article

Beach appoints Marsh’s Jonathan Tritton to London Wholesale Practice as SVP

19th September 2018

Reinsurance brokerage Beach & Associates has announced that Jonathan Tritton is to join its recently-formed London Wholesale Practice as a Senior Vice President in December. Tritton joins from Marsh, where he led the initiative to secure new products and coverage for Marsh & McLennan Agency, Marsh’s middle market retail network, as ... Read the full article

Willis Re reorganises Specialty broking business

19th September 2018

Willis Re Speciality has appointed Jonathan Marsh as Chairman and Printhan Sothinathan as Chief Strategy Officer as part of a restructure designed to provide better career development opportunities and improved clarity of roles and accountability. Graeme Moore will still lead the Willis Re Speciality business as Chief Executive Officer (CEO), while ... Read the full article

AFL acquires Zodiac MGA for undisclosed sum

19th September 2018

AFL Insurance Brokers, an Independent Lloyd’s broker, has acquired a majority stake in New Jersey-based Zodiac Insurance Services, for an undisclosed sum. Zodiac is a Lloyd’s managing general agent (MGA) underwriting in excess of $10 million casualty lines business in the U.S and specialises in professional, entertainment and event insurance. “Our acquisition ... Read the full article

Marsh & Mclennan acquires JLT for $5.6 billion

18th September 2018

Major mergers & acquisitions news breaking this morning, as it has been announced that broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) is to acquire Jardine Lloyd Thompson Group plc for $5.6 billion. The acquisition sees another of the mid-sized global insurance and reinsurance brokers going to a new ... Read the full article

BMS expands Energy division with four new hires

17th September 2018

Specialist insurance and reinsurance broker BMS Group Limited (BMS) has expanded its Energy division with the appointment of four new team members, who will join in January 2019 and report to James Chicken, Managing Director of Energy. Lynsey Green joins BMS from JLT, where she focused on North American Energy clients. ... Read the full article

Companies that don’t embrace change face irrelevancy: Ed CEO Steve Hearn

14th September 2018

Companies that fail to embrace new dynamics and “Continue to peddle the old model” will ultimately become redundant, says Steve Hearn, Chief Executive Officer of the London and global insurance and reinsurance brokerage, Ed. In a conversation at the Reinsurance Rendez-vous with Hearn and Kieran Angelini-Hurll, CEO of Reinsurance at Ed, ... Read the full article

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