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.
Lockton to leverage CyberCube’s risk analytics platform
13th October 2020
Re/insurance broker, Lockton has announced that it will be rolling out CyberCube’s Broking Manager, a cyber risks analytics platform for insurance intermediaries. CyberCube has designed and tailored Broking Manager specifically to the needs of the insurance broking space, where it offers a streamlined approach to generating financial exposure impact that helps ... Read the full article
Howden to acquire majority stake in Mexican broker ADRISA
13th October 2020
International insurance broker Howden is set to acquire a majority stake in ADRISA, a Mexico-based retail insurance broker. The deal will see the two companies merge, with Jose Luis Ordás becoming Executive Chairman and Luis Suarez de Lezo Chief Executive Officer of the combined group. The combination will create the largest independent ... Read the full article
Iowa’s August derecho could drive $5bn insured loss: Holborn
13th October 2020
Analysts at US domiciled reinsurance broker Holborn Corporation have estimated that a major derecho event that impacted the state of Iowa in August could drive $5 billion of insured property losses. A derecho is a widespread, long-lived, straight-line wind storm that is associated with a fast-moving group of severe thunderstorms, and ... Read the full article
Elisabetta Ibba appointed CEO of Lloyd’s broker AEC
12th October 2020
Coverys European Holdings (CEH), a division of Coverys, has added Elisabetta Ibba as Chief Executive Officer of its Lloyd's broker subsidiary AEC Group. Ibba brings over two decades' experience to the role and has been with AEC since 2004, when she was appointed to manage its Lloyd's business. She takes up her ... Read the full article
B.P. Marsh increases holding in EC3 Brokers to 35%
12th October 2020
Venture capital provider B.P. Marsh & Partners Plc has increased its stake in EC3 Brokers by around 15% to a holding of 35%, as the broker eyes accelerated strategic growth. In December 2018, B.P. Marsh announced an investment in the independent commercial lines Lloyd's brokerage, which saw the specialist investor ... Read the full article
Aon, Goldman Sachs launch investment service for captive insurers
12th October 2020
Re/insurance broker Aon has partnered with Goldman Sachs on a service designed to provide captive insurers with an easy way to identify and access high-quality investments. The new service will see Aon offer individual strategic advice, fund research and execution services through its global team of investment specialists and practitioners. Goldman Sachs ... Read the full article
No significant capital rush amid investor trepidation: Willis Re execs
12th October 2020
While it's likely that more fresh capital will look to enter the re/insurance market in light of improving market conditions, investor trepidation remains amid continued financial market uncertainty and volatility, according to executives at Willis Re, the reinsurance broking of Willis Towers Watson (WTW). "We simply don't see capital rushing in," ... Read the full article
Risk settlement market could reach £50bn by end of 2020: Aon
12th October 2020
Global insurance and reinsurance brokerage, Aon, predicts that the risk settlement market could still reach £50 billion by the end of 2020. The 2020 result for the risk settlement market, including both bulk annuities and longevity swaps, could make it a record year, despite the difficulties that have arisen from the ... Read the full article
BMS hires Pro Global’s Mory Katz to support legacy expansion
8th October 2020
Specialist re/insurance broker BMS Group has hired Mory Katz to work with its reinsurance arm as a senior consultant. Prior to joining BMS, Katz served as a managing director at Pro Global, leading its US operations and business development. He was also the Chief Executive Officer of the company’s two US subsidiaries, ... Read the full article
E&S digital wholesale platform Pathpoint launches
8th October 2020
Pathpoint, a San Francisco-based Excess & Surplus digital wholesale distributor, has announced its launch. The company has been built to connect retail agents and E&S carriers through its proprietary platform built to quote and bind Excess & Surplus lines coverage. With efficiencies gained from the technology, Pathpoint claims to distribute its products ... Read the full article
Aon adds Sue Lee to capital advisory team as director in corporate finance
8th October 2020
Re/insurance broker Aon has added Sue Lee to its reinsurance solutions capital advisory team as a director in corporate finance. Lee joins Aon from Athene Holding, where she served as investor relations director. Her previous roles included equity research vice president at Barclays, and investment banking associate at BMO Capital Markets. Lee now ... Read the full article
Stonybrook Capital adds Paul Kneuer as a Managing Director
7th October 2020
Investment banking and reinsurance broking firm Stonybrook Capital has announced the appointment of Paul Kneuer as a Managing Director. Kneuer brings 40 years' experience to the firm and most recently served as Chief Underwriting Officer of Everest Re's structured reinsurance program in London. Before that he spent time as head of reinsurance ... Read the full article
TigerRisk to leverage CoreLogic’s catastrophe models
7th October 2020
Catastrophe risk modeller CoreLogic has announced re/insurance broker TigerRisk Partners as the latest company to incorporate its modelling tools. CoreLogic’s data and analytics capabilities are designed to help provide clients with a more comprehensive view of their portfolios. “As one of the largest reinsurance brokers in the industry, TigerRisk services clients all ... Read the full article
Aon announces IP capital market solution, first $100mn deal
6th October 2020
Global re/insurance broker Aon has launched an intellectual property capital market solution designed to help companies protect and maximise the value of its intangible assets. Aon has also revealed that a $100 million deal involving agriculture technology firm Indigo Ag is the first deal to be completed via the new solution. Indigo Ag is ... Read the full article
Guy Carpenter adds Hartshorn as Chief Human Resources Officer
6th October 2020
Reinsurance broker Guy Carpenter has announced the appointment of Melissa Hartshorn as Chief Human Resources Officer. Hartshorn most recently served as interim Chief Human Resources Officer at Guy Carpenter, and prior to this was HR Leader for the company’s Global Operations and Global Strategic Advisory divisions. She joined parent company MMC in ... Read the full article