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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 Benfield names new heads of Capital Advisory and Terrorism Specialty units

7th March 2018

Reinsurance broker Aon Benfield has announced the appointment of Eric Paire and Emma Karhan from Guy Carpenter, with the former set to lead its Capital Advisory unit, and the latter being named Head of Terrorism Specialty and Reinsurer Relationships in London. Reporting to Aon's Nick Frankland, UK Chief Executive Officer (CEO), Eric ... Read the full article

U.S. Risk Insurance Group acquires L.A. Xcess Brokers

6th March 2018

U.S. Risk Insurance Group has announced the acquisition of L.A. Xcess Insurance Brokers, a Los Angeles, California based wholesale broker focused on the entertainment industry. Randall Goss, Chief Executive Officer (CEO) of U.S. Risk, said: "We are very pleased to add L.A. Xcess to the U.S. Risk team focused on the ... Read the full article

JLT Re North America appoints Ariel Hernandez to Senior Vice President

5th March 2018

JLT Re North America has appointed Ariel Hernandez as Senior Vice President, set to lead the analytics efforts for the Caribbean, Central America and broader Latin America Region as part of the Miami treaty team. Hernandez joins JLT Re from a treaty underwriter role with the Chaucer Syndicates of The Hanover ... Read the full article

Premium prices rise after 3-year decline: CIAB

5th March 2018

The Council of Insurance Agents & Brokers (CIAB) has reported that average premium rates have risen for the first time in 13 quarters, according to its fourth-quarter Commercial Property/Casualty Market Index Survey. 2017’s third-quarter saw a series of massive catastrophes and cyber events occur, which led to a decrease of 1.3% ... Read the full article

Stable ratings and organic growth for brokers in 2018: S&P

5th March 2018

Standard & Poor's (S&P) Global Ratings has recently released a report that predicts better organic growth and margins for brokers in the coming year, and says ratings for brokers and service providers remain stable. The ratings agency reports that companies have successfully adapted to evolving but overall stable business conditions, and ... Read the full article

AFL appoints new retail team director

5th March 2018

Independent Lloyd's broker AFL Insurance Brokers Ltd has announced that Mike Almond is to be appointed as the new Director of the company’s Corporate Retail team. Almond is an experienced Account Director and, before joining AFL, worked at PMI Health Group, where he established a commercial division. His career also spans ... Read the full article

PIB Group completes acquisition of Lorica Insurance Brokers

2nd March 2018

PIB Group (PIB) has completed the acquisition of Lorica Insurance Brokers, an independent insurance broker focusing on property, casualty, motor fleet and professional lines. Lorica will continue to be led by joint Chief Executive Officers Stefan Puttnam (who leads the Broking and Finance operations), and Carlo Marelli (who oversees the Operations ... Read the full article

XL Catlin names Elie Hanna as Head of central broker management

1st March 2018

XL Catlin has appointed Elie Hanna to Head of central broker management, set to lead XL Catlin’s strategic relationships with brokers for the insurance segment. His responsibilities will include looking at how XL Catlin engages with its key trading partners, setting broker engagement best practices, and working with both distribution and underwriting teams ... Read the full article

JLT outlines strategic re-org and transformation plans

28th February 2018

Global insurance and reinsurance brokerage and advisory, Jardine Lloyd Thompson Group plc (JLT Group or JLT), has outlined a new divisional structure and plans for a transformation programme. This morning JLT announced revenues of £1.386 billion for the full-year 2017, up 10% on the prior year, and reported profit before ... Read the full article

JLT Specialty appoints Leon Steenkamp as Head of Tax Insurance for M&A practice

26th February 2018

JLT Specialty has appointed Leon Steenkamp to Head of Tax Insurance within its Financial Lines Group Mergers and Acquisitions insurance practice. In his new role, Steenkamp will focus on growing the tax insurance business in the UK market, as well as supporting other JLT geographies. Ben Crabtree, Head of M&A Insurance for ... Read the full article

Lockton appoints new head of Risk Practices

26th February 2018

Lockton Companies Inc. has appointed Mark Moitoso to head its Risk Practices organisation and support the insurance broker’s property and casualty (P&C) clients. Moitoso, who has over 25 years’ experience in the insurance industry, will manage Lockton’s team of national practice experts as executive vice president and Risk Practices leader. They ... Read the full article

BMS launches new energy division with senior broker hires

20th February 2018

BMS Group Limited, the insurance and reinsurance broking specialist, has launched a new energy broking division with the hires of three brokers, two of which are particularly senior and well-known figures. James Chicken and Charlie Bowring both join from Price Forbes and are set to become managing director and chairman of ... Read the full article

AI can deliver more efficient client value: Dan Glaser, MMC

19th February 2018

Marsh & McLennan (MMC) President and Chief Executive Officer (CEO) Dan Glaser discussed the role of Artificial Intelligence (AI) in both disrupting and advancing the re/insurance industry, noting its potential to improve data use and drive more efficient value to customers, in a recent interview with A.M. BestTV. Commenting on how ... Read the full article

Willis appoints Dominique Lebel to head up Americas ICT Life unit

16th February 2018

Willis Towers Watson has announced the appointment of Dominique Lebel to lead its Insurance Consulting and Technology (ICT) Life business for the Americas, effective from March 1st, 2018. In his new role, Lebel will head up the company’s consulting services and software solutions for life insurers in the Americas and will ... Read the full article

Cyber risk management lags behind growing threat to business: Marsh, Microsoft

16th February 2018

Although the majority of senior executives view cyber as a top risk management priority, few organisations are confident in their ability to manage the risk of a cyber-attack, according to a survey by Marsh and Microsoft that highlighted ways in which risk management is falling behind in cyber risk mitigation ... Read the full article

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