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

Re/insurers face multi-billion dollar losses from prolonged U.S storms: Aon

7th June 2019

Re/insured losses are expected to climb into the multi-billion dollar range as severe weather and storm activity in the U.S remained high for a second consecutive month in May, according to the latest Global Catastrophe Recap report from Aon. The broker recorded seven outbreaks of severe convective storms across the central ... Read the full article

WTW launches new venture capital, growth board initiatives

5th June 2019

Global re/insurance brokerage Willis Towers Watson has announced the launch of two initiatives designed to spur organic and inorganic growth. WTW Strategic Ventures, the first of the two initiatives, will look to make early-stage investments in innovative companies. It’s hoped these kinds of investments will unlock new growth possibilities in relevant businesses ... Read the full article

New tech allowing more captives to profit from third-party risks: Marsh report

5th June 2019

The number of captive insurers writing third-party business is rising as new technologies expand the ways in which organisations can deliver insurance solutions, says re/insurance brokerage Marsh in a new report. By underwriting third-party risks in a captive, parent companies can bring in additional premium and generate profits should the captive ... Read the full article

Aon partners with CyberCube to improve risk aggregation management

5th June 2019

Global re/insurance broker Aon has selected CyberCube’s analytics platform to help improve its cyber aggregation risk modelling capabilities and deliver better solutions to its insurance carrier clients. CyberCube’s cyber risk-modeling platform will enable Aon to support its clients on accumulation risk management and exposure management at a time when carriers are ... Read the full article

Geopolitical risks flagged as primary concern in WTW, AIRMIC report

5th June 2019

Risks associated with geopolitical tensions have been flagged as a primary concern among members of UK-based association and representative body Airmic, in a report published today by re/insurance brokerage Willis Towers Watson. More specifically, Airmac members expect geopolitical risks - risks emanating from the interaction between geography, policy and the economy ... Read the full article

European insurance market shifting towards firmer conditions: Aon

4th June 2019

A new report by global re/insurance brokerage Aon suggests that the commercial European insurance is beginning to show a more consistent shift towards firmer conditions. For buyers, this shift is likely to result in higher rates, capacity constraints, and a tightening of terms and conditions. Aon says this shift is partly a ... Read the full article

Arthur J. Gallagher acquires Australian broker The Protectors Insurance Group

4th June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of The Protectors Insurance Brokers and Regent Insurance Brokers, collectively known as The Protectors Group. Founded in 1982, The Protectors Group is a retail broker specialising in construction, hospitality and transport coverage. It is based in Liverpool, New South Wales, ... Read the full article

Gallagher completes takeover of JLT’s aerospace business

3rd June 2019

Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations. The transaction, which was first announced in March 2019, is expected to significantly expand Gallagher’s existing aerospace team. The broker’s global aerospace operations now includes offices ... Read the full article

WTW adds Augusto Hidalgo as Head of CSP in South East Asia

31st May 2019

Global re/insurance brokerage Willis Towers Watson has announced the appointment Augusto Hidalgo as Head of the Capital, Science and Policy (CSP) in South East Asia. He joins from the National Reinsurance Corporation of the Philippines, where he served for five years as Chief Executive Officer. During his time there Hidalgo built specialist ... Read the full article

Severe weather continues in U.S with further $1bn+ of damage expected: Aon

31st May 2019

Aon expects economic losses to once again exceed $1 billion, after severe thunderstorms and flooding continued to impact Central and Eastern areas of the U.S through the week of May 24-30. The broker anticipates that insurers and reinsurers will cover the majority of wind and hail-related damage during this period. Losses will ... Read the full article

Aon invests in CoverWallet, announces SME partnership

31st May 2019

Global re/insurance brokerage Aon and US-based insurtech CoverWallet have entered into a partnership that will see the two companies work together in the SME-space in Australia. In conjunction with this agreement, CoverWallet has received a strategic investment from Aon. Moving forward, Aon will partner with CoverWallet on furthering technological advancements and client ... Read the full article

Amazon could target P&C insurance as a broker: CB Insights

30th May 2019

Analysts at CB Insights have suggested that Amazon could enter the insurance space as a broker on the property and casualty (P&C) side, using its size as an e-commerce retailer and its huge member base to become a major distributor in the U.S. Amazon has already shown some interest in building ... Read the full article

Intellectual property risks a top concern, but coverage lacking: Aon survey

29th May 2019

Intellectual property (IP) risks were identified as a top-10 concern for organisations in a recent survey by Aon, which also found that insurance covers only 16% of the $1.0 billion average potential loss for certain intangible assets. The study surveyed more than 2,300 organisations representing different industries and geographies across the ... Read the full article

Willis Re uses PCS index as trigger for Japan ILW

29th May 2019

Willis Re has become the first reinsurance broker to structure and trade an industry loss warranty (ILW) using Property Claim Services’ (PCS) new Japan index as trigger. PCS expanded its industry loss data aggregation and index reporting services to include non-marine catastrophe losses in Japan in January 2019, following the impacts ... Read the full article

CFC launches cyber insurance platform

28th May 2019

Specialist insurer CFC Underwriting has announced the launch of a new cyber insurance platform that enables brokers to access and “self-serve” the company’s cyber insurance products for SME clients. The platform will be available on 1 June 2019. Developed by CFC’s in-house technology and innovation team, the platform reportedly boasts an ... Read the full article

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