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.
WTW updates RiskAgility Financial Modeller software
8th January 2021
Re/insurance broker Willis Towers Watson (WTW) has launched a new version of RiskAgility Financial Modeller, its financial modelling and reporting software technology for life insurers. RiskAgility FM 3.0 provides life and health insurers with a new calculation approach to actuarial modelling, with faster run-times than current software. This is thought to reduce ... Read the full article
Casualty renewals varied widely at 1/1, brokers report
8th January 2021
Re/insurance brokers have reported that casualty renewals varied widely at January 1, depending on individual circumstances including loss experience, covered lines and industry classes written. Casualty pricing at 1/1 was heavily influenced by social inflation, the low interest rate environment and communicable disease, as well as the ample capacity that was ... Read the full article
Aston Lark acquires Lloyd’s broker CRS Yachts
8th January 2021
Aston Lark, a chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Lloyd’s broker CRS Yachts. CRS Yachts is based in London and offers a bespoke service focussed solely on serving superyacht owners. The company will maintain its existing brand but will play an active and significant role in ... Read the full article
Ardonagh unveils NA Reinsurance team led by ex-RFIB CEO Foden-Pattinson
7th January 2021
Ardonagh Specialty, the holding company and growth platform for The Ardonagh Group's portfolio of specialist, reinsurance and wholesale broking brands, has announced the appointment of a North America Reinsurance team. The new team is set to operate via Equinox (Re)insurance Intermediaries which is licensed in Connecticut, and will be led by ... Read the full article
UK risk settlement market to continue thriving in 2021: Aon
6th January 2021
Analysts at Aon believe the UK risk settlement market will continue to thrive in 2021, with growth dependent on the number of larger transactions and on the speed at which the market for commercial consolidation develops. The broker noted that activity in the settlement market during 2020 was defined by the ... Read the full article
TigerRisk names Aon’s Glyn Ridpath as Partner in Casualty division
5th January 2021
Insurance and reinsurance brokerage, TigerRisk Partners, has today announced the appointment of Glyn Ridpath as a Partner within the firm's expanding Casualty division, reporting to James Few, Chief Executive Officer (CEO), TigerRisk UK. Ridpath joins TigerRisk from rival broker Aon, where he most recently served as a Managing Director from March ... Read the full article
Ample capital levels moderated price increases at Jan 1: Guy Carpenter
5th January 2021
With reinsurers eager to deploy capacity in various sectors and capital levels high at the important January 1st, 2021 reinsurance renewals, price increases were more moderate than initial expectations, according to Guy Carpenter, the reinsurance broking arm of Marsh. On the back of a prolonged soft market state, the lower for ... Read the full article
BMS launches Asia operations
5th January 2021
Independent specialist re/insurance broker BMS Group has announced the launch its Asia broking operations. Headquartered in Singapore and with proposed operations in Hong Kong pending regulatory approval, BMS Asia will initially focus on M&A insurance broking. It's hoped this move will enhance BMS' existing capabilities in that class of business in London, ... Read the full article
Jan 1 renewals yield sharpest price changes in recent memory: Howden
5th January 2021
International insurance broker Howden has reported that a multitude of factors coalesced at the January 1, 2021 renewals to drive “the sharpest price changes in recent memory.” According to Howden, lower investment yields, higher loss cost trends, another above-average loss year, concerns over climate change and general risk aversion were among ... Read the full article
Focus on exclusions drove late Jan 1 renewals: James Vickers, Willis Re
4th January 2021
Although renewal negotiations started off early, challenges around exclusionary language as reinsurers continued to respond to the pandemic, resulted in a late January 1st, 2021 renewals, according to James Vickers, Chair, Willis Re International. In an interview with Reinsurance News around the launch of reinsurance broker Willis Re’s latest 1st View ... Read the full article
AJG a good fit for Willis Re if regulators force sale: KBW
4th January 2021
Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. The European Commission (EC) confirmed last month that it ... Read the full article
One80 acquires Chicago-based Brokers’ Risk
31st December 2020
One80 Intermediaries (One80), a national wholesale broker, program manager, third-party administrator (TPA), and insurance aggregator headquartered in Boston, has announced the acquisition of Brokers’ Risk. Brokers’ Risk is a Chicago-based managing general underwriter that specialises in developing and managing insurance and risk management programs. Founded in 1979, the Brokers’ Risk has offices ... Read the full article
AJ Gallagher acquires Harden & Associates in Florida
30th December 2020
International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Harden & Associates, Inc., a full-service insurance broker headquartered in Jacksonville, Florida. With additional offices in Amelia Island and Tampa, Harden offers retail property/casualty, employee benefits and related services to businesses and individuals primarily in Florida, In particular, ... Read the full article
Lockton adds Dan Urias to expand its Southern California business
24th December 2020
Global re/insurance broker Lockton has added Dan Urias as vice president, Producer to help expand its business in southern California. Urias will be providing risk management solutions to businesses aimed at tackling issues such as increased litigation aimed at company directors and officers as well as cyber exposures brought on by ... Read the full article
TigerRisk hires Daniel Eldredge as Partner and General Counsel
24th December 2020
Re/insurance broker TigerRisk has announced the appointment of Daniel J. Eldredge as Partner and General Counsel. Eldredge joins TigerRisk from Aon where he was Chief Counsel, Corporate and Americas, and served on the Global Executive Committee for the company’s Reinsurance Solutions business, whilst also providing legal support and counsel to Aon ... Read the full article
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