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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.

Aon execs agree to 50% pay cut amid COVID-19, CEO reacts

27th April 2020

Global re/insurance brokerage Aon has announced a series of salary reductions agreed to by its named executive officers, in response to the ongoing coronavirus pandemic. Each of the Company’s NEOs, Gregory Case, Chief Executive Officer, Christa Davies, Chief Financial Officer, Eric Andersen, President, and John Bruno, Chief Operating Officer, as well ... Read the full article

Pre-coronavirus reinsurance capital up 15%: Willis Re

27th April 2020

Strong investment market performance saw total capital dedicated to the global reinsurance industry hit $605 billion in 2019, a 15% year-on-year growth. According to a new report by Willis Re, year-to-date 2020 will have seen much of this expansion unwind due to the steep sell-off in equity and corporate bond markets ... Read the full article

Global reinsurer capital up 7% in 2019: Aon

24th April 2020

Global reinsurer capital rose by 7% to $625 billion in 2019, according to Aon’s Reinsurance Aggregate (ARA) report, which tracked the financial performance of 23 leading reinsurance carriers over the year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. The report’s calculation ... Read the full article

Brokerslink adds Republic of Congo broker Gramon

24th April 2020

Independent broker network Brokerslink has expanded its international network with the addition of Gramon, a brokerage based in Congo Brazzaville (The Republic of the Congo). Established in 2012, the insurance and reinsurance broker currently has three offices in the Republic of Congo with plans to open a fourth in Kinshasa, Democratic ... Read the full article

WTW announces leadership changes in Singapore & South Asia

23rd April 2020

Global re/insurance brokerage Willis Towers Watson (WTW) has appointed Leng Leng Ng as Country Leader for Singapore as Vivek Nath transitions to lead the company's Corporate Risk and Broking (CRB) operation in South and Southeast Asia. Ng takes on the responsibilities in addition to her role as Head of CRB in ... Read the full article

Covid-19 claims manageable, but reinsurers face formidable challenges: Willis Re

23rd April 2020

Willis Re, the reinsurance broking arm of Willis Towers Watson (WTW), has said that while reinsurance claims from the global COVID-19 pandemic are likely to be manageable, the industry is facing some formidable challenges. In a recently published COVID-19 Impact report, reinsurance broker Willis Re says that so far, reinsurers have ... Read the full article

Willis Towers Watson names Cyrille de Montgolfier as Head of France

23rd April 2020

Re/insurance broker Willis Towers Watson has announced the appointment of Cyrille de Montgolfier as the new leader of its French business, Gras Savoye Willis Towers Watson. De Montgolfier takes up the position of Head of France on 27 April and will be based in Paris. He has over three decades of insurance ... Read the full article

AFL hires Pilar Villanueva as Head of LatAm desk

22nd April 2020

Independent Lloyd’s broker AFL Insurance Brokers Ltd (AFL) has announced the appointment of Pilar Villanueva as Head of LatAm desk. Based in London, she will work with AFL’s product line experts to ensure international capabilities are delivered to the region as AFL continues to build out its expertise in Latin America. Villanueva ... Read the full article

TigerRisk eyes accelerated growth with strategic investment from Flexpoint Ford

22nd April 2020

Insurance and reinsurance brokerage TigerRisk Partners, LLC has secured a strategic investment from private equity firm Flexpoint Ford LLC, enabling the company to accelerate its current growth trajectory through access to additional capital and expertise. Flexpoint Ford is a private equity firm that specialises in the financial services and healthcare sectors, ... Read the full article

Aon secures Lloyd’s accreditation for reinsurer trading portal

22nd April 2020

Global re/insurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. The Lloyd’s Franchise Board provided ‘conditional recognition’ of the platform following the recent deployment of Aon’s binding function, so valid contracts can be written as ePlacements. Gaining approval from Lloyd’s as part of the electronic placing ... Read the full article

Reinsurers grow premiums & profits in 2019 but underwriting dips: Aon

21st April 2020

Analysis in Aon's Reinsurance Aggregate (ARA) report, which tracks the financial performance of 23 leading reinsurance carriers through 2019, reveals an increase in premiums and pre-tax profit when compared with the prior year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. Insurance ... Read the full article

Piiq Risk adds WTW’s Neil Maynard as Senior Partner

20th April 2020

Piiq Risk Partners, the recently branded global aerospace brokerage of BGC Insurance Group, has appointed Neil Maynard as Senior Partner. Maynard will join the business next year and will be based in London, reporting to Marcel Chad, President. He brings extensive broking expertise, having spent more than 25 years at Willis Towers ... Read the full article

Cooper Gay confirms acquisition of Meteo Protect brand & tech

20th April 2020

Cooper Gay France, the European brokerage and wholesale managing general agency (MGA), has acquired the brand and technology of parametric and weather index insurance specialist and Lloyd's of London coverholder, Meteo Protect. The agreement provides Cooper Gay, which is part of the BGC Partners broking group, with stronger capabilities in the ... Read the full article

Covid-19 shows sensitivity of re/insurers to equity market volatility: Willis Re

17th April 2020

The global reinsurance capital base is expected to take a hit of approximately 5% from the financial impacts of the Covid-19 coronavirus pandemic, reports Willis Re, the reinsurance arm of global brokerage Willis Towers Watson (WTW). The reinsurance broker's Strategic and Financial Analytics teams' 5% estimate is a marked improvement on ... Read the full article

Strong year ahead for bulk annuities after record 2019: Aon

17th April 2020

Re/insurance broker Aon is expecting another strong year for the bulk annuity market in 2020 after business reached a record high of £42 billion last year. The market easily surpassed the previous record of £24 billion set in 2018, which was itself almost twice as high as the previous peak of ... Read the full article

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