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Reinsurance News


Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.

Aon enhances client leadership & services in next stage of growth strategy

10th October 2019

Re/insurance broker Aon has announced the next stage in its ‘Delivering Aon United’ growth strategy, which will see the firm implement a common standard for client leadership and create new hubs to support back and middle-office client services. Aon explained that the new leadership strategy will leverage best practices to increase ... Read the full article

Marsh adds Aon directors to UK Real Estate Practice

10th October 2019

Global re/insurance brokerage Marsh has announced the appointments of Bryce Check as a Business Relationship Director and Anna Whitfield as a Client Service Director, both within its UK Real Estate Practice. Part of Marsh JLT Specialty, the UK Real Estate Practice provides insurance and risk advisory services to real estate owners, ... Read the full article

Property underwriting improvements to continue through early 2020: Lockton

10th October 2019

Analysts at global re/insurance brokerage Lockton expect the more discerning approach of underwriters in the US property market to continue through at least into early 2020, based on performance this year. Lockton noted that there is still plenty of capital in the marketplace, but deployment is becoming tighter, leading to an ... Read the full article

£70 billion of longevity deals completed by FTSE 100 companies: Aon

9th October 2019

More than one-third of FTSE 100 companies with defined benefit (DB) pension schemes have taken steps to remove longevity risk via bulk annuities and longevity swap transactions, reports global insurance and reinsurance broker, Aon. To date, £70 billion of completed longevity risk transactions by FTSE 100 firms have taken place, with ... Read the full article

Aon sets up global wholesale reinsurance committee

9th October 2019

Aon’s Reinsurance Solutions business has announced the establishment of its new Global Wholesale Committee, based in London. The committee will be tasked with enhancing client services and supporting Aon’s relationships within London and the broader wholesale reinsurance market. Bill Fearnley-Whittingstall, Head of the Americas Division in London for Aon’s Reinsurance Solutions business, ... Read the full article

Brokerslink bolsters European operations with new steering team

9th October 2019

Independent broker network Brokerslink has established a European steering team to support its operations in the region. The steering team will be tasked with supporting the global expansion of the Brokerslink network and strengthening communications between European brokers. It will also help to develop niche products and new services with Brokerslink’s partner ... Read the full article

Marsh collaborates with Zurich NA on pet insurance program

9th October 2019

Global re/insurance brokerage Marsh has announced the launch of a new pet insurance program for cats and dogs in the US, to be underwritten by Zurich North America. The program, called TrustedPals, is backed by Marsh’s Bluestream platform and will offer insurance with flexible co-payments, limits and deductibles. A self-service feature driven ... Read the full article

BMS secures investment from major financial institutions

8th October 2019

UK headquartered brokerage BMS Group has announced the completion of its equity investment from British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP). First announced back in June 2019, the investment valued BMS at £500 million (US $636 million). Following the investment, management and staff of BMS will maintain ... Read the full article

Risk Strategies’ Mina named CEO as Christian takes on Executive Chairman role

8th October 2019

U.S. domiciled insurance broker and risk management firm, Risk Strategies, has revealed that its President, John Mina has been appointed Chief Executive Officer (CEO). Mina succeeds Risk Strategies founder and long-term CEO, Michael Christian, who is moving into the Executive Chairman role. Mina joined the company in April of 2017 from re/insurance ... Read the full article

Marsh JLT Specialty bolsters aviation practice in both London & New York

8th October 2019

Global insurance and reinsurance brokerage, Marsh, has announced a number of appointments to the Aviation Practice in London and New York within Marsh JLT Specialty. Based in London, Tony Ambrose and Martyn Holland are set to join as Managing Directors and will report to Andy Smith, Chairman and Chief Executive Officer ... Read the full article

Lockton adds Marsh’s Tom Orrico as SVP, MD of financial institutions

8th October 2019

Global re/insurance brokerage Lockton has announced the appointment of Tom Orrico to the role of senior vice president, managing director of financial institutions. Orrico brings 28 years’ experience to the role and joins from Marsh, where he built and led the financial institutions practice. Effective October 14, he will be based in ... Read the full article

CRC Group enhances Risk Evaluation Database platform

7th October 2019

US wholesale broker CRC Group has released new functionality for its Risk Evaluation Database (REDY) platform. REDY.Search will combine the knowledge of individual CRC brokers and underwriting with the company’s exposure and loss information to identify market and programs with the highest likelihood to write an account. It will deliver recommendations based ... Read the full article

Aston Lark adds Andrew Scola as Chief Technology & Operating Officer

7th October 2019

UK insurance broker Aston Lark has announced the appointment of Andrew Scola to its executive leadership team as Group Chief Technology & Operating Officer. Scola took up the newly created position on 1 October. He has over 20 years’ experience as a Management Consultant leading complex change programmes as well as directing ... Read the full article

Guy Carpenter names Guerriero Interim Head of International Fac

7th October 2019

Reinsurance broker Guy Carpenter has announced the appointment of Frank Guerriero as Interim Head of International Facultative Operations. Guerriero succeeds Paul Summers who has left the firm to pursue other opportunities. In his new role, he will report to Chief Executive Officer (CEO), International, Guy Carpenter, James Nash. Guerriero has been with ... Read the full article

One third of UK councils targeted by cyber attacks in 2019, reports Gallagher

4th October 2019

Councils across the UK are facing an unprecedented number of cyber attacks, with one third of local authorities targeted in the first six months of 2019 alone, according to re/insurance broker Gallagher. Of the 202 councils that responded to freedom of information (FOI) requests from Gallagher, 101 also said they had ... Read the full article

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