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.
Tony Matta takes regional President role at Lockton
8th December 2020
Insurance broker Lockton has appointed Tony Matta as President of its Caribbean & Central America Facultative team, which is based in Miami. Matta most recently served as CEO for Facultative business in the Caribbean and Central America at rival broker Willis Towers Watson, also in Miami. Prior to this he held a ... Read the full article
Ben Keslowitz to lead Guy Carpenter’s US Life Reinsurance business
8th December 2020
Guy Carpenter, the reinsurance broking arm of Marsh, has announced the appointment of Benjamin Keslowitz to the newly created role of US Life Leader, effective immediately. In his new role, Keslowitz will have a focus on delivering the full range of Guy Carpenter's risk and capital solutions to clients and prospects ... Read the full article
Insurance prices up 10% across Q3, finds WTW
7th December 2020
US commercial insurance prices grew significantly over the third quarter of 2020, according to Willis Towers Watson (WTW), with carriers reporting aggregate price changes of nearly 10%. The broker’s Commercial Lines Insurance Pricing Survey (CLIPS) found that price changes for nearly every line were consistent with the increases from the prior ... Read the full article
Guy Carpenter names Pietro Toffanello as Head of Japan
7th December 2020
Guy Carpenter, the global reinsurance broking arm of Marsh, has announced the appointment of Pietro Toffanello, formerly of Gen Re, as Head of Japan, effective Q1 2021. In his new role, Toffanello takes on responsibility for managing the broker's business activities across Japan, reporting to Tony Gallagher, Chief Executive Officer (CEO) ... Read the full article
Life insurers seeking new solutions to build on performance: WTW
4th December 2020
New research from re/insurance broker Willis Tower Watson (WTW) reveals that life insurers are seeking new solutions in order to build on their business performance whilst boosting customer relations in an already highly competitive market. WTW surveyed 39 life insurers, including major multinationals, based in nine countries from across Europe. It showed ... Read the full article
Lockton Re names Foreman as Head of Non-Marine Retro & Property Specialty
4th December 2020
Reinsurance brokerage Lockton Re has announced the addition of Matt Foreman as Head of its Non-Marine Retrocession and Property Specialty Division in London. He joins the company from the Global ReSpecialty unit of Aon's Reinsurance Solutions, where he served as Head of London Market, Non-Marine. Keith Harrison, International Chief Executive Officer (CEO), ... Read the full article
AJ Gallagher acquires marine broker North Star
4th December 2020
International insurance brokerage firm Arthur J. Gallagher has acquired Seattle-based North Star Insurance Services and Fairhaven, Mass.-based North Star Marine Insurance Services. North Star Insurance Services was first founded in 2001 and is a full-service marine insurance broker serving clients throughout the US. Its portfolio covers the majority of the marine industry, ... Read the full article
Aon launches new digital cyber offering
3rd December 2020
Re/insurance broker Aon has announced the launch of a new digital insurance solution for small and middle market businesses. This digital solution is designed for any business generating up to $100 million in annual revenue across sectors including retail, technology, professional services and manufacturing. The offering builds on other insurance products that ... Read the full article
Aidan Pope named Exec Chairman of BMS’ LatAm & Caribbean operation
3rd December 2020
Specialist insurance and reinsurance broker, BMS Group, has announced the hiring of Aidan Pope as Executive Chairman of its Latin American and Caribbean operation, effective January 1st, 2021. In his new role, Pope will focus on expanding the broker's operations in the regions and further growing its client base and business ... Read the full article
Ballantyne Brokers announces launch
3rd December 2020
Ballantyne Brokers Ltd, a new independent Lloyd’s broker founded by London market veterans Ross Ballantyne and Richard Spragg, has started business. Backed by investments from K2 Insurance Services, Ballantyne’s leadership team also includes former Aon Benfield Chairman and Aon UK COO David Ledger, who is to be appointed Non-Executive Chairman. The newly-launched ... Read the full article
Marcus Taylor joins Aon’s Global ReSpecialty division
3rd December 2020
Marcus Taylor has joined the Global ReSpecialty division of global broker Aon's Reinsurance Solutions arm, focusing on Non-Marine and Specialty business, effective December 2nd, 2020. As part of the Global ReSpecialty team, which has a focus on large reinsurance and retrocession deals, Taylor reports to Richard Wheeler, Divisional Director for Non-Marine ... Read the full article
Guy Carpenter names Aon’s Shephard as Head of GC Access, International
3rd December 2020
Reinsurance broker Guy Carpenter has appointed Miles Shephard, formerly of Aon, as Managing Director and Head of GC Access, International, effective October 2021. GC Access is the reinsurance broker's dedicated program business unit, focused solely on the development of fully optimised program solutions that connect MGAs and carriers. In his new role, ... Read the full article
Insurance broker Howden launches Reykjavik branch
3rd December 2020
Howden Broking has become the first international insurance broker to open a branch in Iceland, with the launch of a new office in the country's capital, Reykjavik, Through its operations in Finland, Howden has worked closely with clients in Iceland for a number of years. The new office in Reykjavik will deliver ... Read the full article
Lockton recruits Aon trio to M&A team
2nd December 2020
Insurance broker Lockton has announced the addition of three transaction liability advisors, who have joined the firm from Aon to lead its mergers and acquisitions (M&A) consulting offering. Joshua Halpern, Gaurav Sud and Eric Ziff are expected to significantly bolster Lockton’s M&A advisory and brokerage capabilities concerning the placement of representations ... Read the full article
Lockton Re adds Senior Broker to Marine & Energy Division
2nd December 2020
Global reinsurance broker Lockton Re has announced that Steve Tritton is set to join the firm in 2021 as a Senior Broker, based in the London office, as part of its Marine & Energy division. Tritton joins Lockton Re from rival reinsurance brokerage, Guy Carpenter, where he most recently served as ... Read the full article