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.
Growth of digital healthcare creating unforeseen risks: WTW
24th February 2021
Global re/insurance broker Willis Towers Watson has released a report which explores how COVID-19 and the trend towards the digitisation of medicine is resulting in a rapid technological change. In the report, the broker also noted that digitisation is creating emerging risk issues and may result in healthcare risk managers reassessing ... Read the full article
Marsh partners with Unqork on placement, policy management platform
24th February 2021
Re/insurance broker Marsh has partnered with software firm Unqork on a new digital platform designed to streamline insurance placement and policy management services in the US. The platform will aim to create a digital workspace where Marsh's brokers and the insurers they work with can quickly perform key placement and policy ... Read the full article
Andy Neve takes senior energy role at Ed
24th February 2021
Global reinsurance, wholesale and specialty broker Ed has appointed Andy Neve as a Senior Technical Account Manager within its energy team. Neve joins Ed from Lockton, where he held a Vice President role that involved handling and placing onshore/offshore operational programmes and drilling/service contractor programmes. He specialises in insurance for E&P companies, ... Read the full article
Lockton launches clinical advisory with HCA
23rd February 2021
Global brokerage Lockton has partnered with HCA Healthcare UK to provide their clients with access to an independent occupational health and clinical advice committee. With the new access, clients will be able to see health experts for a range of advice and guidance within its package. The Clinical Advisory Service offers support ... Read the full article
Brown & Brown appoints Gray Nester as Chief Information Officer
22nd February 2021
Insurance brokerage Brown & Brown has appointed Gray Nester as Chief Information Officer, based in the firm's corporate headquarters located in Florida, effective immediately. With over 20 years of experience in Insurance Technology leadership, Nester has previously served as the CIO for Brown & Brown’s Retail Division. Prior to that, he was ... Read the full article
WTW, Liberty Specialty launch reputational crisis insurance solution
22nd February 2021
Re/insurance broker Willis Towers Watson has launched a solution designed to enable organisations to transfer the financial risk associated with certain types of reputational crises. The broker’s Reputational Crisis Insurance also provides access to a range of non-insurance capabilities, including AI-powered data analysis. The solution has been developed through a partnership with ... Read the full article
David Price launches next-gen London Market broker, Fenchurch
22nd February 2021
Insurance and reinsurance industry veteran David Price, formerly of Endeavour, has launched an independent, and employee-owned London Market broker called Fenchurch and Partners Ltd., an appointed representative of Bennett Gould & Partners (Dorset) Ltd. The brokerage will have a specialist focus on U.S., Canadian, and European P&C lines of business, including ... Read the full article
THB rebrands to Amwins Global Risks
22nd February 2021
Amwins Group, Inc., the independent wholesale distributor of specialty insurance products in the U.S., has announced the rebranding of THB to Amwins Global Risks. THB is Amwins' international broking arm based in London, which joined the company in 2012. Since then, THB has doubled its annual premium placed to more than ... Read the full article
Risk Strategies makes two leadership changes
22nd February 2021
US insurance broker and risk management firm, Risk Strategies, has promoted Tracy Hoffman and Matthew Smith to Managing Directors as part of planned leadership successions in both its Managed Health Care and Reinsurance arms. Hoffman is set to take over leadership of the National Heath Care Practice’s Managed Care team. She ... Read the full article
WTW proposes Solvency II reforms amid HM Treasury call for evidence
19th February 2021
In support of HM Treasury's review of the Solvency II regime following the expiration of the Brexit transition period, re/insurance broker Willis Towers Watson (WTW) has recommended a number of key changes to ensure relevance for the UK insurance sector. HM Treasury is considering areas of Solvency II that could better ... Read the full article
Global Risk Partners to acquire Marsh’s UK Networks operation
18th February 2021
Lloyd’s of London broker Global Risk Partners (GRP) has reached an agreement to acquire Marsh's UK Networks business, which consists of Marsh ProBroker, Bluefin Network and Purple Partnership. The agreement, which remains subject to regulatory approval, is expected to close by the second-quarter of 2021 and also includes the acquisition of ... Read the full article
Aon and WTW merger will “significantly lessen competition” in Australia
18th February 2021
The Australian Competition & Consumer Commission (ACCC) is concerned that the proposed combination of Aon and Willis Towers Watson (WTW) will significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia. The announcement from the ACCC comes just weeks after the ... Read the full article
Aon secures ARPC account from Guy Carpenter
17th February 2021
The Australian Reinsurance Pool Corporation (ARPC), Australia's government-led terrorism reinsurance agency, has named Aon as its reinsurance broker. The new agreement see’s Aon beat rival Guy Carpenter to the contract. Guy Carpenter had previously served the role. Mike Pennell PSM, ARPC’s Chief Underwriting Officer will oversee the transition-in and commencement of broking ... Read the full article
Willis Re hires Michel Büker as Head of Lloyd’s Capital
16th February 2021
Willis Re, the reinsurance broking arm of Willis Towers Watson, has appointed Michel Büker in a dual role as Head of Lloyd’s Capital and Head of Production, Customised Solutions, EMEA at Willis Re Specialty. Effective 8th February, 2021, he will be responsible for extending Willis Re’s relationships with the Lloyd’s sector ... Read the full article
Miller acquisition approved by European Commission
15th February 2021
EU regulator the European Commission has approved the acquisition of re/insurance broker Miller by global private equity firm, Cinven, and GIC, Singapore’s sovereign wealth fund. First announced in November 2020, the EC has now given the green light to the acquisition following a review. It concluded that the deal would raise ... Read the full article