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.
Aston Lark acquires Plester Group
6th August 2021
Aston Lark, the chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Plester Group. Established in 1964 and based in Kidderminster, Plester is focused on the commercial and personal insurance market. “We’re delighted to welcome Justin and his team to Aston Lark, further strengthening our presence in the Midlands,” ... Read the full article
George Bowring joins Oneglobal as Head of Energy Casualty, Bermuda
5th August 2021
Oneglobal Broking has announced the appointment of George Bowring as Head of Energy Casualty – Bermuda. Joining from BMS Group Bermuda, he will report to Group CEO Mike Reynolds once his current contractual obligations are complete. Bowring is an experienced energy casualty broker with strong relationships with US independent broker-producers. He also has ... Read the full article
BGC reports record revenues for pending-sale Corant unit
5th August 2021
Global brokerage and financial technology firm BGC Partners has reported total revenue of $512.5 million during the second quarter of 2021, helped by record revenue generation in its insurance broking unit, Corant. BGC agreed to sell its Corant unit, comprising Ed Broking Group and Besso Insurance, to The Ardonagh Group ... Read the full article
Howden appoints Charlie Connell to lead Sports & Entertainment
4th August 2021
International insurance broker Howden has appointed Charlie Connell to its Sports & Entertainment practice group in the newly created Head of Entertainment role. Connell joins from EC3 Brokers where he was Head of Contingency and Entertainment, a role he has held for the past four years. In his new position, he will ... Read the full article
Ed announces full Ki integration into etrading platform
4th August 2021
Reinsurance, wholesale and specialty broker Ed has fully integrated Ki’s algorithmic underwriting with its etrading platform TradEd. It’s hoped the integration of Ed and Ki’s platforms will introduce seamless access to Ki’s follow-only capacity, enabling brokers to quote and bind risks without leaving Ed’s system. “This is an exciting development, in line ... Read the full article
Lockton appoints first Head of Claims for Transactional Liability
3rd August 2021
Global insurance and reinsurance brokerage, Lockton, has announced the appointment of Mark Schwartz to the newly created role of Head of Claims for its Transaction Liability Practice. In his new role, Schwartz will work closely with the company's clients to advise them through the claims process to optimise their outcome. He will ... Read the full article
WTW looking at strategic options for Willis Re, confirms CEO Haley
3rd August 2021
John Haley, the Chief Executive Officer (CEO) of global brokerage Willis Towers Watson (WTW), confirmed today that the company is conducting a review of strategic alternatives for its reinsurance arm, Willis Re. Back in May, it was announced that Gallagher had reached an agreement with Aon and WTW to acquire ... Read the full article
WTW reports increased income, revenue for second quarter
3rd August 2021
Re/insurance broker Willis Towers Watson has announced second quarter net income of $186 million, up from the $102 million reported in the prior year period. Revenue was $2.29 billion, an increase of 8% from the $2.11 billion reported a year ago. Adjusted operating income was $409 million, or 17.9% of revenue, an ... Read the full article
BMS Re hires new executive director to oversee Bermuda operations
2nd August 2021
Independent reinsurance broker BMS Re has appointed Adam Mullan as executive director to oversee its launch in Bermuda. He will be responsible for building out BMS Re’s Bermuda operations and will be the driving force behind the initiative. Prior to this position, Muller worked as a re/insurance consultant at Attestor Capital, where ... Read the full article
Aon could have closed WTW deal, but options unappealing: CEO Case
30th July 2021
Global insurance and reinsurance broker Aon could have completed its now terminated $30 billion combination with Willis Towers Watson (WTW), but the two options proposed to close the deal would have been damaging for the firm, according to its Chief Executive Officer (CEO), Greg Case. Aon released its second-quarter 2021 ... Read the full article
InsurTech investment reached record high in H1 2021: WTW
29th July 2021
Global investment in the InsurTech sector reached a record during H1 2021, as half-year funding of $7.4 billion exceeded full-year investment in 2020, and in every other year, according to a new report by insurance and reinsurance broker, Willis Towers Watson (WTW). In Q2 2021, 162 deals yielded more than $4.8 ... Read the full article
Aon establishes executive committee in client-focused strategic push
28th July 2021
Global re/insurance broker Aon has established a new executive committee intended to help facilitate it in accomplishing the objectives laid out across its four-pronged United blueprint. The motivations driving Aon's United Blueprint include creating new sources of value for clients, delivering more effective client service, driving innovation at scale and ensuring ... Read the full article
Gallagher may still move to acquire WTW, reports
28th July 2021
Re/insurance broker Arthur J Gallagher could still seek an acquisition of all or parts of rival Willis Towers Watson after its deal with Aon fell through this week, according to Bloomberg Intelligence (BI). Gallagher had a $3.6 billion pact to buy several Willis businesses which was dependant on the Aon ... Read the full article
BMS appoints Price Forbes & Partners duo as directors of marine division
28th July 2021
Independent specialist re/insurance broker BMS has added Nick Hocking and Tony Cuthbertson as directors of its marine division, effective immediately. They report to John Hoare, managing director of BMS marine, and will be based in London. Hocking re-joins BMS after more than a decade at Price Forbes & Partners, having most recently ... Read the full article
DoJ hails ‘victory for competition’ as Aon CEO laments poor timing
27th July 2021
Attorney General Merrick B. Garland has hailed the breakdown of the proposed combination of Aon and Willis Towers Watson (WTW) as a "victory for competition and for American businesses", as Aon CEO Greg Case notes poor timing and factors outside of their control. After filing a civil antitrust lawsuit to block ... Read the full article