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.

Typhoon Damrey drives $1 billion loss in Vietnam

14th December 2017

Vietnam has suffered a $1 billion loss after Typhoon Damrey made landfall on the 4th of November, 2017, killing at least 108 people and damaging over 300,000 properties, according to insurance and reinsurance broker, Aon. Typhoon Damrey made landfall on the 4th of November in the country’s south-central coastal region as a ... Read the full article

BMS Re expands team with two senior appointments

14th December 2017

Reinsurance specialist broker BMS Re US (BMS), has expanded its team with two senior appointments, naming Chang Liu as Director of Catastrophe Analytics Technical Development and Bradley Parent, an Associate of the Casualty Actuarial Society, as Assistant Vice President / Actuary. BMS said the new hires show its continued commitment to incorporate actuarial ... Read the full article

Rupert Evans joins Aon Benfield’s Credit & Financial Risks division

12th December 2017

Rupert Evans will join reinsurance broker Aon Benfield from Liberty Speciality Markets (LSM) as a broker within its Credit & Financial Risks team, effective immediately. Evans has specialised in underwriting political risk, credit & surety business, and also has experience within other crisis management lines. He joins Aon Benfield from LSM, where ... Read the full article

JLT Re names Desmond Bohan as Senior Vice President

6th December 2017

JLT Re has appointed Desmond Bohan, who joins from Frates, to Senior Vice President (SVP) as the broker looks to expand its program business. Bohan will be responsible for the continued expansion and development of JLT Re’s Program practice in North America, as the reinsurer continues to build its specialized program group ... Read the full article

Aon’s Impact Forecasting cat model joins ModEx platform

1st December 2017

Impact Forecasting, Aon Benfield’s catastrophe risk model development centre, has become the fourth model vendor to offer its cat risk model solutions on the integrated ModEx platform. Impact has announced a deal on model provision with Simplitium enabling it to add its models to the ecosystem of cat risk modelling services ... Read the full article

Aon expands Switzerland presence with Unidelta AG acquisition

30th November 2017

Aon Switzerland, a division of global insurance and reinsurance broker Aon, has announced plans to acquire Unidelta AG, an insurance broker based in Rapperswil, St. Gallen, Switzerland. Following the acquisition, Chief Executive Officer (CEO) and founder of Unidelta AG, Peter Merkli, will remain as Managing Director, and will also form part of ... Read the full article

Guy Carpenter Chairman Britt Newhouse to retire at the end of 2017

30th November 2017

The Chairman of reinsurance broker Guy Carpenter, Britt Newhouse, is to retire from his position at the end of 2017, according to ratings agency A.M. Best. Britt Newhouse's retirement was confirmed to A.M. Best's News Service by Guy Carpenter's Assistant Vice President (AVP), Marketing and Communications, Gray Newhouse. Britt Newhouse has been ... Read the full article

Holborn names Adam Manus President and Chief Brokerage Officer

28th November 2017

U.S. domiciled independent reinsurance brokerage, Holborn Corporation, has named Adam Manus as its new President and Chief Brokerage Officer (CBO), effective immediately. Manus will be based in the company's New York office, and his election by the Board comes after more than twenty years with Holborn, previously serving as Executive Vice ... Read the full article

Starr Companies enters into aviation insurance agreement with SMARTT MGA

22nd November 2017

Starr Companies has announced a new partnership with SMARTT MGA, that sees the latter act as Agent for Starr International (Europe) Limited, providing both automated quotes and policy documentation for light general aviation business. Jim Herbert, Chief Underwriting Officer (CUO), Aviation, said; "We have built a close and fruitful relationship with ... Read the full article

Steven Beard named as RFIB & Limehouse holding company CFO

20th November 2017

Steven Beard has been appointed to Chief Financial Officer (CFO) of RFIB and Limehouse holding company and to Chief Executive Officer (CEO) of newly created services company, George Yard Services (GYS), effective December 4th, 2017. Beard joins from a role as Group CEO of technology and professional services firm Agilisys, which ... Read the full article

London market could become more competitive as FCA investigates broking practices

15th November 2017

Heavy operating costs mean the London market has been losing business to foreign re/insurance hubs in recent years, but according to Fitch Ratings, an upcoming review of broker practices by the Financial Conduct Authority (FCA) could help to reverse this trend. Rising broking commissions have added to pressure on insurers' underwriting ... Read the full article

California wildfire insured losses could reach $8 billion: Aon Benfield

9th November 2017

Aon Benfield, the reinsurance arm of global insurance and reinsurance brokerage Aon, has said that the California wildfires could drive an insurance industry loss of up to $8 billion, which, on an aggregate basis, makes it the costliest insured wildfire event ever recorded. Aon Benfield and its catastrophe risk modelling unit, ... Read the full article

JLT Re and CXIS announce P&C policy growth programme partnership

9th November 2017

Reinsurance broker JLT Re and CXIS have announced a new partnership for the launch of CXIS's Property & Casualty Retention and Policy Growth Programme. CXIS Joseph Serrano said; "We're thrilled to partner with JLT Re in bringing the benefits of the CXIS Retention programme to their clients. "Beyond JLT Re's deep market ... Read the full article

Premature to forecast post-catastrophe rate rises: JLT

7th November 2017

Insurance and reinsurance broker JLT Group said this morning that it is "premature to draw conclusions" as to how much re/insurance rates may rise following the spate of recent catastrophe losses. The brokerage said that due to the timing of both insurance and reinsurance renewals, the impacts of catastrophes including hurricanes ... Read the full article

Willis Towers Watson appoints Evariste Yeung Head of P&C, North Asia

6th November 2017

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has named Evariste Yeung as Head of Property and Casualty (P&C), North Asia, effective 25th September, 2017. Yeung is based in Shanghai and reports to Managing Director of WTW's Insurance Consulting and Technology business in Asia-Pacific, Richard Collis. In his newly created position, ... Read the full article

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