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.

Industry wildfire losses near $20bn in record year for insurers: Aon

29th January 2019

Global insured losses for catastrophic fire events set a new record at near $20 billion in 2018, with the majority of losses driven by wildfires in California, according to estimates from Aon. The broker noted that wildfires caused extremely elevated losses and human casualties for a second consecutive year in 2018, ... Read the full article

Broker Kingsbridge targets gig economy with acquisition of InsurTech Dinghy

29th January 2019

GlobalData has said that the acquisition of InsurTech start-up Dinghy by specialist insurance broker Kingsbridge, looks set to ignite innovation in the broker community. Dinghy offers freelancers based in the UK with various insurance products, including professional indemnity, public liability, cyber liability, and business equipment insurance for flexible working hours. Kingsbridge specialises ... Read the full article

Risk Strategies rolls out national health care practice across all lines

29th January 2019

The privately held insurance brokerage and risk management firm Risk Strategies has successfully integrated its national health care practice across all lines of insurance and reinsurance. Led by industry veteran Bob Dubraski, the practice is driven by a dedicated team of experts with resources across the U.S, providing analytics, consulting and ... Read the full article

EC3 Brokers launches Middle East division, appoints head

28th January 2019

EC3 Brokers is targeting growth in the Middle East and Africa with the launch of a new division, called EC3 Brokers MEA, which is to be led by Senior Executive Officer (SEO) Steve Hart. This new venture, based in Dubai’s International Finance Centre, expands EC3 Brokers’ existing operations in London and ... Read the full article

Updated PPL offers enhancements for facilities

28th January 2019

A significant update has been implemented by the board of Placing Platform Limited (PPL), including improvements to its facilities functionality and various market requests for alterations. The PPL has been pushed as a core part of the London Market Group’s (LMG) Target Operating Model, which is looking to make it more ... Read the full article

Market pressures to persist as lack of clarity around losses, price remains: JLT Re

24th January 2019

Global reinsurance broker JLT Re has said that a lack of clarity surrounding both pricing adequacy and loss development is likely to fuel pressure through 2019, against a backdrop of muted pricing actions following consecutive years of increased catastrophe losses for the industry. JLT Re, the reinsurance arm of global broker ... Read the full article

Aon Reinsurance Solutions launches life specialty practice, names head

24th January 2019

Aon’s Reinsurance Solutions business has announced the launch of a new life practice group and appointed Colin Dutkiewicz to lead as the firm’s Global Head of Life. The broker hopes to foster growth in the life market by building upon the firm’s existing annuity transactions and the success of its PathWise ... Read the full article

Willis Re International names Shea Head of Strategic & Financial Analysis

24th January 2019

Willis Re, the reinsurance arm of international broker Willis Towers Watson, has announced the appointment of Brian Shea as Managing Director and Head of Strategic and Financial Analysis for Willis Re International. Shea was previously Head of Willis Towers Watson Securities Europe, having joined the company in 2015. He has 26 years’ ... Read the full article

Miller expands entertainment offering with new music team

24th January 2019

Miller Insurance Services, a London wholesale and specialist re/insurance broker, has expanded its entertainment offering with the addition of four new specialists in music insurance. The music team is led by Martin Goebbels and consists of Holly Leary, Pamela Choat, and Rose Burgess. The group have worked together for many years and ... Read the full article

Re/insurers should consider rewarding climate resilience efforts: Aon

23rd January 2019

Insurers and reinsurers should consider responding to climate change risks by rewarding corporate resilience efforts with premium discounts or access to additional capital, according to Aon. The broker noted in its latest Weather, Climate & Catastrophe Insight report that recent trends in natural disaster activity are putting increasing pressure on re/insurers ... Read the full article

Ed reports 67% PPL usage between August, November 2018

23rd January 2019

Ed Broking, the global reinsurance, wholesale and specialty insurance broker, claims it placed 67% of orders through the London Market’s Placing Platform Limited (PPL) between August and November 2018, with the company’s Group Head of Broking calling on all brokers to reveal their rate of usage. The PPL has been pushed ... Read the full article

Alliant takes investment from pension fund PSP and Stone Point

23rd January 2019

Independent insurance brokerage, Alliant Insurance Services, has revealed that the Public Sector Pension Investment Board (PSP Investments) is to make an investment in the firm. PSP Investments, a Canadian pension investment manager, has roughly CA$160 billion (US$120bn) of assets under management (AuM), as at September 30th, 2018. According to an announcement on ... Read the full article

Jerry Ridge to be Head of Reinsurance at Lockton Re

23rd January 2019

Reinsurance broker Lockton Re has announced that Jerry Ridge is to lead the firm as Head of Reinsurance, following the retirement of George Carrington this Spring. As Head of Reinsurance at Lockton Re, Ridge will lead the firm's 60 dedicated reinsurance professionals across the UK and the U.S., as the company ... Read the full article

Marsh & McLennan expands Florida presence with Bouchard acquisition

23rd January 2019

Marsh & McLennan Agency LLC, a subsidiary of global insurance and reinsurance broker Marsh, has announced that it is to acquire Florida domiciled full-service agency, Bouchard Insurance. Terms of the transaction were not disclosed, but it's been reported that the deal is expected to close later this month. Bouchard Insurance has dedicated ... Read the full article

FANDO appoints heads of Global Markets & Broking

22nd January 2019

FANDO Group, an independent wholesale, MGA and reinsurance broker based in Sydney, Australia, has appointed Julian Sparkes as Head of Global Markets and David Boreham as Head of Broking. Sparkes, who joins FANDO with effect from 1 January 2019, is the former Chief Executive Officer (CEO) and Founder of Savannah Group, ... Read the full article

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