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.
Gallagher Re adds Rothseid as Partner, Head of Legacy
8th March 2021
Gallagher Re has added Andrew Rothseid to the newly created role of Partner, Head of Legacy. Rothseid will continue to be US-based and reports into Matt FitzGerald, Managing Partner of Specialty at Gallagher Re. He brings over 25 years’ experience in the global insurance and reinsurance industries and spent the last decade ... Read the full article
Aon bolsters Offshore Wind team
8th March 2021
Insurance and reinsurance brokerage Aon has added both Ray Spreadbury and Sarah Burston to the Offshore Wind team within its Global Broking Centre (GBC), based in London. Spreadbury joins the team as Executive Director and Burston as Director, both reporting into the Power team, led by James MacNeal. Spreadbury joins from ... Read the full article
Aston Lark to acquire Venture Insurance Brokers
5th March 2021
Chartered insurance broker Aston Lark has announced the acquisition of Bristol-based Venture Insurance Brokers. Venture Insurance offers traditional insurance advice to both businesses and individuals and advises on business risks across every sector. The business has specialist expertise in Professional Indemnity insurance, property management, haulage, small business solutions and also risk management. “From ... Read the full article
Lockton Re announces addition of Simon Moore as a Senior Broker
5th March 2021
Reinsurance brokerage Lockton Re has announced that Simon Moore, former Chief Underwriting Officer (CUO) of Markel CATCO's Investment Management in Bermuda, will be joining the firm in October 2021 as a Senior Broker. Moore is set to join the company as a Senior Broker within its Non-Marine Retrocession & Property Specialty ... Read the full article
Aon names John McElroy as Head of Casualty in Bermuda
4th March 2021
Global re/insurance broker Aon has announced the appointment of John McElroy to the Bermuda operations of Reinsurance Solutions, as Head of Casualty, subject to immigration approval. In his new role, McElroy will report to Tony Fox, Chairman and Chief Executive Officer (CEO), Bermuda, Reinsurance Solutions. He brings almost three decades of industry ... Read the full article
Aon predicts record year for UK risk settlement
4th March 2021
Re/insurance broker Aon believes that 2021 could potentially be another record year for the UK risk settlement industry. According to Aon’s data, the UK pension scheme risk settlement market exceeded £54 billion last year, breaking all previous records. But analysts see no sign of momentum slowing, meaning 2021 could reach eclipse even ... Read the full article
Aston Lark acquires Scottish broker Bruce Stevenson
3rd March 2021
Aston Lark, a chartered insurance broker backed by Goldman Sachs, has acquired Bruce Stevenson, a Scotland-based insurance broker. Bruce Stevenson was established almost 40 years ago and is the largest independent insurance broker in Scotland. The company provided specialist products and services to both commercial and private clients across the UK, with ... Read the full article
Howden adds Chris Davies to co-lead financial, risk advisers division
2nd March 2021
Insurance broker Howden has appointed Chris Davies to co-lead its financial and risk advisers division alongside executive director, Iain Middle. It’s hoped Davies’ appointment as executive director will strengthen the team’s leadership while adding specialist expertise and extensive first-hand experience of the issues clients are facing in the financial advisory market. He ... Read the full article
Thomas Parcell joins Lockton Re in Bermuda
2nd March 2021
Global reinsurance broker Lockton Re has announced the appointment of Thomas Parcell to its new Bermuda platform as Chief Broking Officer. Parcell started his career at Aon in London with experience in Financial Services, and Accident, Life & Health before moving to Aon Benfield in 2013 as a Non Marine Retrocession ... Read the full article
Aon & Praedicat collaborate to address reinsurance coverage gaps in casualty
2nd March 2021
A new collaboration between re/insurance broker Aon and Praedicat, a liability emerging risk analytics company, looks to address reinsurance coverage gaps arising from emerging risks through the development of "named peril" products for insurers. The partnership will result in the development of a range of specialist liability reinsurance solutions that address ... Read the full article
Cinven & GIC complete Miller acquisition
1st March 2021
The previously announced acquisition of specialist insurance and reinsurance broker, Miller, by global private equity firm, Cinven and GIC, Singapore’s sovereign wealth fund, has now completed. Miller, which operates in the UK, Lloyd's of London, and internationally, has been acquired from global brokerage Willis Towers Watson (WTW). The deal was first ... Read the full article
Aon / WTW deal circled by merger arb & event driven hedge funds
26th February 2021
The Aon and Willis Towers Watson (WTW) deal, which will be the largest insurance and reinsurance broker merger or acquisition in history, is now attracting significant attention from investors in the merger arbitrage and event driven hedge fund space. Just in the last two weeks, we've heard from numerous global investment ... Read the full article
BMS adds David Cameron as exec VP, property treaty
26th February 2021
Specialist re/insurance broker BMS has appointed David Cameron as executive vice president, property treaty, effective March 1. Cameron will join BMS’s Minnesota office and report to Pete Chandler, President and Chief Executive Officer of BMS Re. He will work with Jeff Irvan, Chief Property Officer, and Kirk Conrad, Chief Analytics Officer, to ... Read the full article
BGC earnings up as Corant turns profitable
25th February 2021
Global brokerage and financial technology firm BGC Partners has reported an 18% increase in adjusted earnings over the fourth quarter of 2020, helped by 12.8% revenue growth in its Corant Global business, which turned profitable last quarter. Earnings amounted to $73.6 million in Q4 2020, compared with $62.4 million for the ... Read the full article
EPIC announces leadership changes
24th February 2021
EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, has announced changes to its leadership teams across the company. Tom O’Neil has been named President of EPIC and will work directly with CEO Steve Denton to grow the business across its entire platform, from ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
