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.

Aon names John English CEO of Aon Captive & Insurance Management

17th May 2018

Insurance and reinsurance broker Aon has announced the appointment of John English as Chief Executive Officer (CEO), Aon Captive & Insurance Management, effective June 1st, 2018. Currently Chief Operating Officer (COO) of Aon Captive & Insurance Management & Managing Director of Aon Captive & Insurance Management EMEA, English has been with ... Read the full article

One third of brokers lack understanding of cyber risks: DAS UK Group

16th May 2018

Although a majority of UK brokers consider cyber to be an important and rapidly expanding market, 31% also admit that they possess ‘poor’ or ‘very poor’ understanding of cyber risks and cyber insurance, according to a survey by DAS UK Group and HSB Engineering Insurance. DAS and HSB considered these results ... Read the full article

BIBA service aims to better connect broker community with InsurTechs

16th May 2018

In an effort to promote collaboration between re/insurance brokers and InsurTech companies, the British Insurance Brokers' Association (BIBA) has announced that it's started work on the development of a service that better connects the two. The new service was announced by BIBA Chief Executive Officer (CEO), Steve White, in his opening ... Read the full article

JLT Specialty appoints Hamish Roberts to lead power business

15th May 2018

Specialist re/insurance broker and risk consultant JLT Specialty has appointed Hamish Roberts to lead its London-based power specialty business. Roberts will coordinate with JLT’s power specialists internationally and will oversee the power business, which combines JLT’s specialist sector knowledge to offer a suite of services to both regulated power companies and ... Read the full article

Aon names Andersen and O’Connor Co-Presidents, retires business unit brands

15th May 2018

Aon has appointed Eric Andersen, current Chief Executive Officer (CEO) of Aon Benfield, and Michael O’Connor, current CEO of Aon Risk Solutions, as Co-Presidents of the firm. The appointments come alongside the announcement that Aon will be retiring its remaining business unit brands, Aon Risk Solutions and Aon Benfield, creating instead ... Read the full article

Global insurance broker Willis Tower Watson granted full license in China

15th May 2018

First-of-its-kind deal provides Willis Tower Watson (WTW) with the same license as domestic brokers. China’s Banking Insurance Regulatory Commission (CBIRC) has approved leading global advisory, broking and solutions company WTW to become the first foreign broker to be allowed a full license over all insurance business within ... Read the full article

Aon names Richard Schuyler as CEO of Aon Carrier Link

11th May 2018

Global insurance and reinsurance broker, Aon plc, has announced that Richard Schuyler is to become the Chief Executive Officer (CEO) of Aon Carrier Link, the company’s data and analytics distribution channel. Schuyler will now be responsible for helping clients to digitally manage the placement process by leveraging technology to connect Aon’s ... Read the full article

Gallagher acquires UK commercial insurance broker Risk Services (NW)

11th May 2018

Gallagher has announced that it intends to acquire UK regional commercial insurance broker Risk Services (NW) for an undisclosed consideration. Established in 1999, Risk Services is one of the largest independent insurance brokers in Chester, North Wales, and the surrounding area, and delivers cost-effective solutions to both corporate and commercial clients. Risk ... Read the full article

April storms drive $2.3 billion economic loss in the U.S.

10th May 2018

Impact Forecasting, the catastrophe risk modelling unit of reinsurance broker Aon Benfield, has reported that severe April storms resulted in combined economic losses of $2.3 billion in the U.S., with approximately $1.5 billion of this covered by re/insurance. According to the firm's April Global Catastrophe Recap, five separate storm systems caused ... Read the full article

Geoffrey Leathem to join Aon Benfield Africa’s executive team from Guy Carpenter

9th May 2018

Reinsurance broker Aon Benfield's Africa unit has revealed that Geoffrey Leathem will join its executive team with a focus on South African business, effective November 1st, 2018, reports BusinessTech. As well as having a focus on South African operations, Leathem's role will target strategic consulting on business development and broking ... Read the full article

THB expands UK Motor Fleet team with ex-Wrightsure brokers

8th May 2018

THB UK Risk Solutions, the UK broking subsidiary of specialist re/insurance broker THB, has expanded its Motor Fleet team with the appointments of two ex-Wrightsure brokers, Kevin Searle and Andrew Hines. Both Searle and Hines have previously worked at THB, Searle having since served as a broker in Wrightsure’s Motor Fleet team, ... Read the full article

BMS Group announces new Australia CEO & COO

8th May 2018

Specialist insurance and reinsurance brokerage, BMS Group Limited, has announced the appointment of Andrew Godden as Chief Executive Officer (CEO) of Australia, and Dylan Wilkinson as Chief Operating Officer (COO), BMS Australia. Based in Sydney, Godden will report to Nick Cook, CEO of BMS Group, and brings over 30 years of ... Read the full article

Willis integrates capital markets offering into reinsurance business

4th May 2018

Global advisory, broking and solutions company Willis Towers Watson has announced that it plans to integrate its capital markets offering into Willis Re, the reinsurance arm of the firm. The Insurance-Linked Securities (ILS) operation was previously part of the Willis Towers Watson Securities business unit. William Dubinsky will continue to lead the ... Read the full article

Aon’s reinsurance broking revenues soar in Q1

4th May 2018

Reinsurance broking revenues at Aon plc soared in the first-quarter of 2018, with the firm reporting a 100% increase year-on-year, on a reported basis, as its Aon Benfield unit led a 3% organic revenue increase across the insurance and reinsurance broking group. Aon reported that its reinsurance business under the Aon ... Read the full article

Marsh and Validus collaborate on new U.S fintech policy

3rd May 2018

Re/insurance broker and risk management firm Marsh has collaborated with Validus Specialty, an underwriter of professional liability solutions, to develop FINTECH Protect, a financial and professional re/insurance solution that manages the growing risks of U.S-based fintech companies. Unlike traditional forms of re/insurance for financial and technology industries, FINTECH Protect offers comprehensive ... Read the full article

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