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.
McGill and Partners appoints Peter Chesman as Partner
2nd July 2021
Specialist re/insurance broker McGill and Partners has appointed Peter Chesman as Partner within its UK-based Structured Solutions team. Chesman brings 17 years’ experience to the role, with 15 of those spent at Aon. He’s expected to help focus on alternative risk financing and support risk transfer strategies for large complex clients. “Peter brings years of ... Read the full article
New Zealand again extends Aon / WTW merger decision date
2nd July 2021
The New Zealand (NZ) Commerce Commission's ongoing investigation into the proposed $30 billion combination of Aon and Willis Towers Watson (WTW) has been extended once more, with a conclusion now expected by August 20th, 2021. This is the second time New Zealand’s Commerce Commission has extended its deadline after launching an ... Read the full article
Gallagher acquires employee benefits consulting firm Stellar
1st July 2021
Insurance broker Gallagher has announced the acquisition of Stellar Benefits, an Ohio-based employee benefits consulting firm. Founded in 2003, Stellar Benefits offers comprehensive health and welfare programs for businesses of all sizes, ranging from individual offices to multinational corporations. Ronald Rafal, Alan Greenberg and their associates will continue to operate from their ... Read the full article
Marsh, Guy Carpenter announce key leadership exchange
1st July 2021
Re/insurance brokers Marsh and Guy Carpenter have announced a series of key leadership appointments, including Paul Moody’s transition to serve as the latter’s UK Chief Executive Officer. Moody joins on September 1 from Marsh, a company he’s served for over two decades. He will report to Dean Klisura, President, Guy Carpenter and ... Read the full article
Reinsurance market approaching equilibrium: Willis Re 1st View
1st July 2021
Willis Re has reported that reinsurance rate increases continued for most major lines and territories during the June and July renewal period, although in many cases reinsurers had to accept firm order terms below their initial quotes. That indicates that the market is approaching equilibrium, the reinsurance broker says in its ... Read the full article
BMS Re adds Guy Carpenter’s Shruti Sem as EVP
30th June 2021
Independent reinsurance broker BMS Re has appointed Shruti Sem as executive vice president in the firm's origination team. Based in Philadelphia, Sem will report to Jeff Irvan, chief property officer of BMS Re in the US. She brings over 20 years’ experience to the role and joins from rival broker Guy Carpenter. Prior ... Read the full article
Ardonagh launches reinsurance broker Inver Re
30th June 2021
The Ardonagh Group is set to launch a new reinsurance broker with ambitions to become a top five global player, called Inver Reinsurance Brokers Limited. The new brokerage aims to leverage the scale, resources and reach of its parent, attract and empower the best talent in the industry and become a ... Read the full article
Guy Carpenter strengthens Non-Marine Specialty practice
30th June 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the additions of James Johns as Managing Director and Joshua O’Donoghue as Senior Vice President (SVP) within its Non-Marine Specialty unit. Johns, who takes on his new role from August 12th, will operate as a leading broker and account executive ... Read the full article
South Africa asks for further divestments in Aon / WTW remedy package
29th June 2021
The Competition Commission of South Africa (CCSA) has required that brokers Aon and Willis Towers Watson (WTW) make a number of significant divestments to remedy competition concerns before their pending merger can be approved in the country. The regulator has asked that the brokers divest WTW’s entire global reinsurance broking business ... Read the full article
Acrisure names Grahame Millwater Head of Global Insurance
29th June 2021
In an effort to expand and transform itself into a broader fintech financial services company, insurance broker Acrisure has appointed Grahame Millwater its new Head of Global Insurance. Acrisure plans to align its core insurance broker business around Millwater’s leadership and further diversify its portfolio in 2021 and beyond. Millwater most recently ... Read the full article
Protecdiv closes first reinsurance deal with Sompo, BMS
29th June 2021
Specialty property and casualty re/insurance broker Protecdiv has announced the completion of its first transaction for Sompo International with strategic partner BMS Group. The transaction was conducted as part of the co-brokering partnership Protecdiv has with BMS Group and is the first transaction executed alongside BMS Re. Protecdiv first announced its ... Read the full article
WTW begins digitally trading complex risks at Lloyd’s via Brit’s Ki
29th June 2021
Re/insurance broker Willis Towers Watson has started live trading complex commercial risks after integrating its broking platform with Ki. Ki was launched by Brit in collaboration with Google Cloud and its algorithm is able to evaluate the marketplace’s policies and automatically quote for business. The integration of its algorithmic underwriting with WTW’s ... Read the full article
TigerRisk welcomes Aon’s Denbigh to retro practice
29th June 2021
Global insurance and reinsurance broker TigerRisk Partners has added Oliver Denbigh to its London retro practice as partner. Denbigh’s appointment, first announced last year, sees him join the London-based retro team and report to the unit’s head Alex Bridges. He joins from Aon, where he was a senior broker with the non-marine ... Read the full article
Aon / WTW merger needs further review, says Singapore
29th June 2021
After completing its initial review of the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW), the Competition and Consumer Commission of Singapore (CCCS) has identified executive compensation and related consulting services as areas for further review. Following receipt of a notification from Aon for a decision on the ... Read the full article
Aon and Zesty.ai gain approval for AI wildfire model in California
28th June 2021
Re/insurance broker Aon has decided to extend its strategic alliance with Zesty.ai, a tech firm that uses artificial intelligence to assess climate and non-catastrophe risk, following the approval of a new wildfire risk model in California. The California Department of Insurance (CDI) recently approved two underwriting and rating filings, including Z-FIRE, ... Read the full article