Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, 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.
Aston Lark Ireland acquires A.R. Brassington & Co.
20th August 2021
Insurance broker Aston Lark Ireland has acquired A.R. Brassington & Co., a subsidiary of the ARB Group. Brassington Insurance offers solutions to clients and customers, direct and wholesale, led by the management team of Cathal O’Brien and Paul Carty. The company is supported by a team of skilled and experienced professionals, Brassington ... Read the full article
Ardonagh sees H121 income rise 33.4% to £433mn
19th August 2021
The Ardonagh Group has reported a 33.4% rise in income to £443.2 million for the first half of 2021, and an adjusted EBITDA increase of 53.4% to £153.3 million. Year-to-Date the broker also shouldered £279.9 million in operating costs, a 24.5% increase from the prior year period. Results were said to be ... Read the full article
WTW promotes Kirsten Beasley to lead Bermuda office
18th August 2021
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has appointed Kirsten Beasley to lead its Bermuda office. Beasley has been WTW’s head of healthcare broking, North America, since 2018 and will now lead a team of 26 in Bermuda. She will focus on Bermuda placements in casualty, property, financial lines, and ... Read the full article
BMS Re adds Scott Christian as EVP for Cat Analytics
18th August 2021
Independent reinsurance broker BMS Re has announced the appointment of Scott Christian as Executive Vice President, Catastrophe Analytics. Based in Atlanta, Georgia, Christian will report to Kirk Conrad, Global Head of Analytics at BMS. Christian brings over 19 years of catastrophe and risk management experience, having most recently served as Senior Vice ... Read the full article
Gallagher hires Nick Hughes as a Consultant for aerospace practice
17th August 2021
Insurance broker Gallagher has appointed Nick Hughes as a Consultant within its global aerospace practice. In his new role, Hughes will be responsible for supporting client-facing teams with legal input to complex insurance coverage, claims and contractual issues, as well as helping to grow Gallagher’s aerospace client base. Until his retirement in ... Read the full article
Marsh & Citi develop risk structure to boost delivery of COVAX vaccines
17th August 2021
Insurance broker Marsh has collaborated with global bank Citi to create an innovative risk mitigation structure designed to help the Vaccine Alliance (Gavi) pre-purchase vaccines in bulk with greater confidence, and facilitate rapid and equitable distribution around the world. Developed on behalf of Gavi, the risk mitigation structure will cover the ... Read the full article
Gallagher acquires majority stake in Brokers’ House
16th August 2021
Insurance broker Gallagher has acquired a majority stake in Brokers’ House, a specialty broker based in Istanbul. This acquisition will be Gallagher’s first direct presence in Turkey and will give the company a footprint in a growing strategic insurance hub between Asia and Europe. This move will see Brokers’ House become part ... Read the full article
Willis Towers Watson announces Carl Hess as John Haley’s successor
16th August 2021
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Carl Hess will succeed John Haley as its President and Chief Executive Officer (CEO). Hess, who currently serves as WTW's Head of Investment, Risk and Reinsurance, takes on the role of President immediately, and will succeed Haley as CEO ... Read the full article
CEO Case says Aon has emerged stronger from failed WTW merger: report
16th August 2021
As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article
Guy Carpenter names Willis Re’s Harden as President of APAC
16th August 2021
Michael Harden has left Willis Re to join reinsurance broker Guy Carpenter as President of Asia Pacific, effective immediately. Harden brings more than 45 years of insurance and reinsurance industry experience to his new role. He joined Willis Re in Australia in 1991 as a Director before being made Chief Executive Officer ... Read the full article
Aon to provide Kraft Heinz’ captive insurer with investment services
13th August 2021
Re/insurance broker Aon has been hired to provide its new investment service for captive insurers to the captive insurer of global food and beverage company Kraft Heinz. Aon works with Goldman Sachs to deliver the service, which seeks to make it easier for captive insurers to identify and access appropriate, high-quality ... Read the full article
Aston Lark acquires Essex Insurance Brokers
11th August 2021
Insurance broker Aston Lark has announced the acquisition of Essex Insurance Brokers, a firm that specialises in the film and visual arts insurance sector. Established in 1964 and based in Hornchurch, Essex Insurance Brokers serves both personal and business clients nationwide and is expected to complement the services of Aston Lark’s ... Read the full article
Marsh partners with Amazon on third-party seller liability cover
10th August 2021
Insurance broker Marsh has been working with online marketplace Amazon on its new digital insurance network designed to provide businesses with product liability cover. Amazon recently introduced new requirements for third-party sellers to obtain product liability cover after reaching $10,00 worth of sales within one month. To help sellers more easily and ... Read the full article
Marsh appoints WTW pair to newly-created leadership role
9th August 2021
Insurance broker Marsh has announced the appointments of John Atkinson and Michael Pokora to co-lead a new Senior Housing and Long-Term Care Practice for the US and Canada. Based in Chicago, they will report to Jeffrey Alpaugh, Marsh’s US and Canada Growth and Industry Leader. This is a newly-created dual leadership role ... Read the full article
Lockton Re hires Guy Carpenter’s Rob McNamara to lead NA Fac
9th August 2021
Lockton Re, the reinsurance arm of the global brokerage, has announced the appointment of Rob McNamara, previously of Guy Carpenter, as its new North American Facultative Leader. Most recently, McNamara served as a Managing Director at the reinsurance arm of Marsh McLennan, Guy Carpenter, within its Facultative practice, leading Chicago, Hartford, ... Read the full article
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