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.
Aston Lark acquires two new broking firms
17th November 2020
Chartered insurance broker Aston Lark has announced the acquisition of Risk Alliance Limited and Risk Alliance International, two broking subsidiaries of Risk Alliance Group. Risk Alliance Limited is a specialist Schemes broker based in Bingley, West Yorkshire, and were acquired by Accelerant in September 2019. The deal sees a total of 14 staff ... Read the full article
Canada Life secures £146mn bulk annuity deal with Smiths Industries
17th November 2020
Canada Life has secured their tenth bulk annuity purchase, a £146 million bulk annuity with the Smiths Group pension scheme. The £3 billion Smiths Industries Pension Scheme has secured the bulk annuity with Canada Life after the auction process was redesigned to accommodate the post-COVID-19 market conditions. The transaction was described as having taken ... Read the full article
Lockton hires Business Development consultant for Midwest Series
16th November 2020
Re/insurance broker Lockton has announced the appointment of Casey Stine as a Vice President and Business Development consultant for the firm's Midwest Series. Stine brings almost 10 years of experience in employee benefits and corporate human resource consulting to Lockton, and will be located in the firm's St. Louis office, with ... Read the full article
TigerRisk names Bill O’Keefe as Head of Strategy
16th November 2020
Insurance and reinsurance brokerage, TigerRisk Partners LLC, has announced the appointment of Bill O'Keefe as its new Head of Strategy. In his new role, O'Keefe will identify growth initiatives, advise the broker's leadership and consult with clients to drive optimal results. He joins the broker from McKinsey & Company, where he worked ... Read the full article
AJ Gallagher acquires AWIS Group
16th November 2020
International insurance brokerage firm, Arthur J. Gallagher, has announced the acquisition of San Diego-based AWIS Group. Founded in 2005, AWIS is a wholesale insurance broker offering a broad range of commercial coverages as well as high-net-worth personal lines, primarily through California-based insurance agencies. The AWIS team will continue to operate from their ... Read the full article
Gallagher appointed broker for Special Olympics GB
13th November 2020
Gallagher has been appointed as the insurance broker for Special Olympics GB, a non-profit organisation which is part of the global Special Olympics movement. Founded in 1978, ... Read the full article
Marine P&I market in “turbulent times”: Gallagher
13th November 2020
Insurance broker Gallagher has reviewed the state of the marine protection and indemnity (P&I) market ahead of the upcoming renewals, noting that it is a “turbulent time” for re/insurers in this sector. The pandemic’s impact on the economy, international trade and safety of crew members has made it a very challenging ... Read the full article
Aston Lark acquires MS Amlin’s marine pleasure craft book of business
11th November 2020
Chartered insurance broker Aston Lark has announced the acquisition of MS Amlin’s marine pleasure craft book of business. Haven was formed as a boat insurance provider in 1986 and merged with Knox-Johnston Insurance Brokers in 1992 to become Haven Knox-Johnston, part of the Amlin Group. A further merger in 2016 saw the ... Read the full article
Aon forecasts continued growth for US homeowners insurers
11th November 2020
Analysis by global insurance and reinsurance broker, Aon, claims that U.S. homeowners direct written premiums are projected to hit $105 billion in 2020, representing an increase from the $104 billion total recorded for 2019. Aon's latest Homeowners ROE Outlook report, which is developed by the firm's Reinsurance Solutions' Analytics team, predicts ... Read the full article
Gallagher secures multi-year appointment as broker for Amey
11th November 2020
Insurance broker Gallagher has secured a multi-year appointment as the professional indemnity (PI) broker for public services supplier Amey. Gallagher was determined by Amey to have a clear understanding of its business and be able to help negotiate the challenging PI market. Julie Scott, Adviser, Gallagher’s Specialty construction practice, commented, “In recent years, ... Read the full article
Direct Insurance launches PI division and makes senior hire
10th November 2020
Lloyd's Broker, Direct Insurance London Market has announced the launch of its new PI & Financial Lines Division along with the appointment of Mike Newson to lead the team as PI and Financial Lines Manager. Mike Newson has over 30 years of experience in broking and handling all aspects of binders ... Read the full article
Gallagher adds Daniel Launder to Chester office as branch director
10th November 2020
Insurance broker Gallagher has announced the appointment of Daniel Launder to its Chester office as branch director. Launder's role will see him support the growth of Gallagher's client base in the region. Launder will be responsible for heading up a team that looks after the insurance and risk management requirements for clients in ... Read the full article
Aon appoints Guido Benz as CEO of Global Renewables business
10th November 2020
Aon, the global insurance and reinsurance brokerage firm, has announced the appointment of Guido Benz as Chief Executive Officer (CEO), Global Renewables, Commercial Risk Solutions, effective spring 2021. In his new role, Benz will be based in Zurich and will report to Lee Meyrick, Co-Lead, Global Specialties and CEO, Global Marine, ... Read the full article
Oneglobal expands to Singapore and makes senior hires
10th November 2020
Insurance broker Oneglobal has announced the establishment of Oneglobal Broking Singapore Pte Ltd, which has received regulatory in-principle approval from the Monetary Authority of Singapore. The new business will be headed by Singaporean broking leaders David Lum, who is appointed Chairman and will report to Jonathan Palmer Brown Chairman, Oneglobal, and ... Read the full article
Guy Carpenter launches new Vietnam flood model
10th November 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of its new flood model for Vietnam. The probabilistic model will provide full national coverage and help re/insurers to assess their exposure to floods – a peril that affects 70% of the population in Vietnam. The Guy Carpenter Vietnam ... Read the full article