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.
Marsh promotes Alex Guerin to Head of Office, London
28th June 2021
Insurance broker Marsh has appointed Alex Guerin as Head of Office, London, for its UK Corporate business, reporting to Andrew Wilton, Managing Director of UK Corporate’s South Region. In this role, Guerin will lead the London Corporate business team who advise clients on risk exposures and devise solutions to help them ... Read the full article
Alesco bolsters energy team with two specialists from Ed Broking
25th June 2021
Alesco Risk Management Services has added Jon Parker as Executive Director to head up the power team within its Specialty energy practice. Parker has over 30 years’ experience in the sector and he has spent much of his career working for clients in the US and Latin America and joins from ... Read the full article
Aon appoints Daneshvar to Securities team as MD
25th June 2021
Re/insurance broker Aon has added Sourna Daneshvar to its Aon Securities team as Managing Director. Daneshvar brings over 20 year's experience and will be based in Chicago, where this new role will see him focused on expanding Aon Securities’ capabilities in raising capital and product innovation. He joins global banking organisation Citibank, where ... Read the full article
Miller adds delegated underwriting specialist Mebarki to Paris team
25th June 2021
Specialist re/insurance broker Miller has announced the addition of Safi Mebarki to its Paris team, effective July 5th. A key aspect of Mebarki’s role will be sourcing capacity for MGA, broker, and insurtech clients, whether through an insurer directly or through a reinsurance solution. He will also support the Paris and London ... Read the full article
Aon appoints Streeton to lead Reinsurance Solution’s client strategy
24th June 2021
Global reinsurance broker Aon has named Frederick Streeton Leader of Complex Client Strategy for its Reinsurance Solutions unit. He joins in September and will be based in London, reporting to Reinsurance Solutions UK Chairman Don Magee. Streeton joins from insurer Liberty Mutual Group, where over the past nine years he held the positions ... Read the full article
Howden names Allianz’s Holger Schaefer as CEO for Germany
24th June 2021
Global insurance broker Howden has appointed Holger Schaefer, formerly of Allianz Group, as its new Chief Executive Officer (CEO) for Germany, effective September 1st, 2021. In his new role, Schaefer will lead Howden's goals for the German marketplace by building on its strong presence and leveraging the businesses and their expertise ... Read the full article
Combined Aon/WTW would be world’s largest outsourced investment firm: Bloomberg
23rd June 2021
Reports from Bloomberg highlight how the proposed $30 billion merger of insurance brokerage giants Aon and Willis Towers Watson (WTW) would create the world’s largest outsourced investment management firm. Some critics of the proposed deal have warned that the combined entity would dominate outsourced investment services, noting concerns that the large ... Read the full article
Lockton Re bolsters Non Marine Retro & Property Specialty Division, London
23rd June 2021
Lockton Re, the reinsurance arm of the global brokerage, has appointed Jeremy England Lee to its Non Marine Retrocession and Property Specialty Division in London. England Lee brings over forty years of industry experience starting his career in 1978 at Lloyd’s D.E. Harman Syndicate. He then moved to Bowring which later became ... Read the full article
Aston Lark acquires broker Premier for £2mn
23rd June 2021
Aston Lark has acquired Bolton-based brokerage Premier Insurance Consultants, bringing its total number of acquisitions in 2021 to 15. Premier Insurance was established in 1990 and currently has a GWP of over £2 million, with eight employees. It is a specialist commercial insurance broker that has developed a particular niche in the ... Read the full article
RSIS names Chiguye as Regional Head for Southern Africa
22nd June 2021
Reinsurance Solutions Intermediary Services (RSIS), the recently launched subsidiary of African reinsurance broking group Reinsurance Solutions Group, has announced the appointment of Blessing Chiguye as Regional Head for Southern Africa. Launched in August 2020, RSIS provides niche reinsurance and insurance solutions to clients operating in Southern Africa, with a focus ... Read the full article
Gallagher Re secures $93m for Arch MI’s Bellemeade in single transaction
22nd June 2021
Reinsurance broker Gallagher Re has partnered with Arch Mortgage Insurance Company (Arch MI) in raising and placing traditional reinsurance capacity for special purpose reinsurer Bellemeade Re 2021-2. In this second Bellemeade transaction of 2021, Gallagher Re obtained $93.2 million of indemnity reinsurance for Arch MI, on a pool representing approximately $36 ... Read the full article
DoJ suit may prolong international decisions on Aon & WTW merger
21st June 2021
The decision by the U.S. Department of Justice (DoJ) to try to block the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW), suggests that regulators in other jurisdictions are now likely to fall in behind the DoJ's timeline, according to reports. Last week's announcement from the U.S. ... Read the full article
AJ Gallagher acquires Excess Underwriting Company in Ontario
21st June 2021
Global insurance broker Arthur J. Gallagher & Co. has the acquisition of Markham, Ontario-based Excess Underwriting Company. Founded in 2008, Excess Underwriting Company is a property and casualty managing general agency (MGA) and Lloyd's broker serving insurance brokers and their clients across Canada. The team specializes in commercial and residential property and ... Read the full article
Cyber industry loss ratio at record-high 67% in 2020: Aon
21st June 2021
A new report on the US cyber market by re/insurance broker Aon shows that the overall industry loss ratio jumped up by 22.0 percentage points last year to reach a record high of 67.0%. Analysts attributed that increase primarily the growing severity of ransomware claims, which included heightened incident response costs ... Read the full article
Ballantyne makes two key senior appointments
21st June 2021
Independent London broker Ballantyne has added Ian Martin as Divisional Director, Property and Derrick Lloyd as Head of Claims Broking. The appointments are effective immediately. Both new arrivals are expected to drive Ballantyne's Growth plans and help strengthen its business strategy. Martin was most recently a Director at Alternative Distribution Operations at ... Read the full article