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.
Corant Global names former RFIB CEO Steven Beard as Executive Director
15th February 2021
BGC Partners, Inc.'s recently launched Corant Global Limited, the new name for BGC Insurance (BGCI), has today announced the appointment of Steven Beard as Executive Director, effective immediately. In his new role, Beard takes on an array of responsibilities across the group with functions including finance, operations, IT, infrastructure, and digital ... Read the full article
Marsh promotes Ankur Kacker to UK Digital Asset Leader
12th February 2021
Global insurance brokerage Marsh has named Ankur Kacker as UK Digital Asset Leader in the Financial & Professional (FINPRO) Practice of Marsh JLT Specialty, based in London. In his new role, Kacker will report to Philip Turner, Specie Practice Leader and takes on responsibility for the development of new insurance solutions ... Read the full article
Aon & Chubb launch digital insurance platform for SMEs in France
11th February 2021
Global insurance and reinsurance broker Aon has partnered with Chubb to provide small and medium-sized businesses in France with an efficient means to understand coverage options and purchase insurance online. The new digital Aon platform in France is powered by the broker's CoverWallet company, offers more than 10 insurance products from ... Read the full article
Lockton Re hires Tom Berry as Senior Broker
10th February 2021
Lockton Re, the reinsurance arm of global brokerage Lockton, has appointed Tom Berry as Senior Broker for its Marine & Energy division in London. Berry started his career at JLT Re in the Marine & Energy division, where he worked for over eight years. He then took up various underwriting positions in ... Read the full article
EC suspends review of Aon / WTW combination
10th February 2021
The European Commission (EC) has reportedly halted its investigation into the proposed combination of Aon and Willis Towers Watson (WTW) while it waits for more data from the broker, reports Reuters. The EC confirmed back in December that it would conduct an in-depth investigation of the transaction over concerns it ... Read the full article
Willis Towers Watson posts organic reinsurance growth in Q4
9th February 2021
Willis Towers Watson (WTW) has reported organic reinsurance revenue growth over the fourth quarter of 2020, driven by new business generation and favourable renewal factors. Reinsurance led the revenue growth in the broker’s Investment, Risk & Reinsurance (IRR) segment, which posted an overall 1% increase in organic revenue growth. However, this was ... Read the full article
Aon still confident WTW combination will close in H1
8th February 2021
Executives at re/insurance broker Aon have confirmed that they still expect the planned business combination with Willis Towers Watson (WTW) to close in the first half of 2021, despite an ongoing investigation by EU regulators. Speaking as part of a fourth quarter earnings call, Chief Financial Officer (CFO) Christa Davies said ... Read the full article
COVID spurred digital push in re/insurance: Willis Re’s Andrew Johnston
5th February 2021
With 2020 closing as the biggest year to date in insurtech funding, Willis Re’s Andrew Johnston has said that the COVID-19 pandemic pushed the re/insurance industry to digitize in a way that “no other imperative or initiative” could have. Johnston, who serves as Global Head of Insurtech at Willis Re, the ... Read the full article
Lockton Re adopts Kovrr’s financial cyber risk model
5th February 2021
Lockton Re, the reinsurance arm of global brokerage Lockton, has licensed Kovrr’s cyber risk model as part of the broker's multi-model vendor approach to support its cyber risk initiatives. The Kovrr portfolio exposure management solution utilises a broad set of data sources from multiple cybersecurity vendors, alongside open-source datasets and proprietary ... Read the full article
Aon reports organic reinsurance revenue growth of 12%
5th February 2021
Re/insurance broker Aon has reported organic revenue growth of 12% in its Reinsurance Solutions division during the fourth quarter of 2020. The Reinsurance Solutions business posted revenue of $197 million in Q4 2020, which was 5% up on the $187 million it recorded for the same period in 2019. And the high ... Read the full article
Hub announces new National Director of Commercial Markets
5th February 2021
Insurance broker Hub International has appointed Michael Chapman as National Director of Commercial Markets, effective immediately. In his new role, Chapman will be responsible for the development and execution of claims best practices, product development and special projects. With over 30 years of experience, he will be working collaboratively with HUB's Specialty ... Read the full article
Imperative for businesses to change priorities after COVID: Aon
4th February 2021
A new report by re/insurance broker Aon shows that 82% of global firms did not rank a pandemic or other major health crisis within their top 10 risks prior to the outbreak of COVID-19. Additionally, less than 30% of EMEA respondents to a survey by Aon said they had a pandemic ... Read the full article
Howden hires Andrew Harrison-Sleap as Executive Director
4th February 2021
International insurance broker Howden has appointed Andrew Harrison-Sleap as Executive Director and Global Deputy Head of Construction. He joins from McGill & Partners, where he served as Partner in the Professional Indemnity practice and will report to newly appointed Naresh Dade to lead the practice group. He will be based in ... Read the full article
Commercial insurance prices up 22% in Q4: Marsh
4th February 2021
New data from broker Marsh shows that global commercial insurance prices increased by 22% in the fourth quarter of 2020. The increase was the largest recorded since Marsh first released its Global Insurance Market Index in 2012, and follows year-on-year average increases of 20% in the third quarter of 2020 and ... Read the full article
AssuredPartners acquires Borland Insurance
4th February 2021
US broker AssuredPartners has successfully acquired Borland Insurance from its founder and Chief Executive Officer John Silcock. Following completion, the business will continue to be led by Silcock, with the intention of using the team’s expertise and networks to drive organic growth of the combined group. The team of 30 will all ... Read the full article