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.
BMS launches operations in Turkey
26th May 2021
BMS, the independent specialist insurance and reinsurance broker, has announced the establishment of BMS Sigorta ve Reasürans Brokerliği A.Ş (BMS Turkey), a new unit headquartered in Istanbul. Chairman Servet Gurkan, together with Tamer Saka and Kerim Gurkan, will lead the new operation which will report in London to Peregrine Towneley, Chairman ... Read the full article
Organisations continue to overlook threats posed by emerging risks: Marsh
25th May 2021
A new report by insurance broker Marsh claims that the majority of large and midsize organisations continue to disregard the rising threat posed by a range of emerging risks, overlooking the impact these could have on their businesses. Based on a global survey of nearly 1,000 organisations, the report picked up ... Read the full article
New Zealand extends Aon / WTW merger decision to July
25th May 2021
The New Zealand (NZ) Commerce Commission has failed to reach a decision on whether to approve the merging of Aon and rival Willis Towers Watson (WTW) by its deadline of May 25th, so has extended the date a decision is due by to July 2nd. New Zealand's Commerce Commission had launched ... Read the full article
McGriff sets up digital, data & analytics center of excellence
24th May 2021
McGriff, the broking subsidiary of Truist Insurance Holdings, has announced the formation of a new digital, data and analytics center of excellence. The center marks the culmination of a two-year effort designed to improve client experience and deliver new products and solutions to a growing client base, McGriff explained. It will aim ... Read the full article
Willis Re hires Kassali as Regional Director for MENA
24th May 2021
Willis Re, the reinsurance broking division of Willis Towers Watson, has announced the appointment of Chems-Eddine Kassali as Regional Director for Middle East and North Africa (MENA). Kassali previously spent nearly 14 years at United Insurance Brokers Ltd, most recently as Associate Director. In his new role, he will be responsible for ... Read the full article
Re/insurance industry must welcome disruptive innovation: Aon UK CEO Julie Page
20th May 2021
Aon UK Chief Executive Julie Page has underlined the need for re/insurers to embrace and enable the disruptiveness of insurtech innovation, especially as the world attempts to recover from COVID-19. Speaking in a new report from the global re/insurance broker, Page explained how, because of the pandemic, we have embraced digitalisation ... Read the full article
Re/insurance industry execs support sale of Willis Towers Watson assets: KBW
20th May 2021
Florida and Bermuda insurance and reinsurance industry executives recently expressed "widespread support" for the sale of Willis Re and certain other Willis Towers Watson (WTW) assets to Arthur J. Gallagher (Gallagher), according to analysts at KBW. It was announced last week that Gallagher had agreed a $3.57 billion deal to ... Read the full article
Anderson Benson appointed Coverholder by Lloyd’s
19th May 2021
Nashville-based independent insurance and risk management broker Anderson Benson has been appointed as a Coverholder by Lloyd’s of London for a worldwide Media Liability errors and omissions (E&O) program. The music industry-focused coverage includes copyright, publishing, film and social influencing and will be tailored for each group. Groups includes songwriters, composers, music ... Read the full article
Ed bolsters Asian market leadership team
19th May 2021
Global reinsurance, wholesale and specialty broker Ed has announced the appointment of Elia Rahmita Price as director, developing markets of Ed Asia. Rahmita brings over 15 years of industry experience to the role and joins from Howden Specialty Asia, where she held the role of associate director. Prior to this she was ... Read the full article
Taiwan FTC approves Aon – Willis Towers Watson merger
19th May 2021
Taiwan's Fair Trade Commission has given its approval to Aon's acquisition of and merging with rival Willis Towers Watson (WTW), saying that it does not feel it will restrict competition in the marketplace. Taiwan's Fair Trade Commission (FTC) is the entity responsible for competition policy and regulation and like so many ... Read the full article
TigerRisk hires Snyder as Head of Insurtech Origination and Financial Advisory
18th May 2021
Re/insurance broker TigerRisk has appointed Jack Snyder as Head of Insurtech Origination and Head of Financial Advisory. Based in New Jersey, Snyder will be leading the company’s Ratings Agency Advisory team and will also focus on the Insurtech sector. He joins from Guy Carpenter, where for the past 16 years, he was ... Read the full article
Price Forbes Chile appoints Soto Quintus CEO, Pizarro to lead broking
18th May 2021
The Chilean arm of independent insurance broker Price Forbes has appointed Martin Soto Quintus to the role of Chief Executive Officer, while Miguel Pizarro has been added as Chief Broking Officer. Soto Quintus joins from Aon Reinsurance Solutions where he served as Facultative Director before stepping up as CEO, Chile in ... Read the full article
Marsh McLennan names two new General Counsels
18th May 2021
Marsh McLennan, a professional services firm in the areas of risk, has appointed Katherine Brennan as General Counsel of Marsh LLC and Connor Kuratek as Deputy General Counsel and Corporate Secretary of Marsh McLennan. Brennan will report to John Doyle, President and CEO, Marsh, and Peter Beshar, Executive Vice President and ... Read the full article
Acrisure Re launches international fac unit, led by Matthew Harvey
18th May 2021
Acrisure Re, the reinsurance division of global brokerage Acrisure, has announced the launch of an international facultative unit, to be led by Matthew Harvey as Senior Vice President. Harvey, who will be based in London, joined Acrisure Re on May 10th and will report to Acrisure Re Group Chief Executive Officer ... Read the full article
Aviation insurers seeks further rate increases after difficult year: McGill & Partners
18th May 2021
Analysts at specialist insurance broker McGill & Partners have examined the state of the aviation insurance market in 2021, noting that most firms will be seeking further rate increases to offset the difficulties of the past year. With more planes grounded than in the skies, 2020 was an unprecedented challenge for ... Read the full article
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