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.
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
EC3 Brokers announce award for DIFC Master Health Insurance Scheme
6th October 2020
Reinsurance broker, EC3 Brokers MEA recently announced that Abu Dhabi National Insurance Company has been awarded the DIFC Master Health Insurance Scheme. The scheme is in partnership with the Dubai International Financial Centre Authority (DIFCA) and becomes effective on 1st October.The purpose of it is to provide cost-effective health insurance ... Read the full article
Crawford & Company acquires Chilean loss adjustor Crawford Carvallo
5th October 2020
Crawford & Company, a provider of claims management solutions, has announced the acquisition of Crawford Carvallo and its individual business units. Business units include Graham Miller, Crawford Marine & Transportation, Crawford Affinity Chile, Crawford Affinity Colombia, Legaltec, and Quality Surs. Crawford Carvallo provides loss adjusting, claims management solutions and legal services in Chile ... Read the full article
Oneglobal adds Duncan Urquhart as Exec Director
5th October 2020
Insurance broker Oneglobal has announced the appointment of Duncan Urquhart as Executive Director. Urquhart will join the group executive committee and reports to Oneglobal Chief Executive Officer Mike Reynolds. He brings over 30 years’ experience and joins from RFIB Group Limited, where he served as head of Property, Casualty, Energy and Construction. Before that, ... Read the full article
Marsh forms digital asset partnership with HUB Security
5th October 2020
Re/insurance broker Marsh has partnered with HUB Security, a hardware cybersecurity solutions provider, to offer an insured storage solution that enables US financial institutions to offer digital asset custodial services. Clients will be able to store and manage digital assets, including cryptocurrency, on HUB's military-grade technological platform. They can also purchase up ... Read the full article
CRC Group wraps up acquisition of surplus lines broker Specialty Risk
2nd October 2020
Specialty insurer CRC Group has completed the acquisition of MGA and surplus lines broker Specialty Risk Associates. The addition of Specialty Risk sees CRC Group continue its expansion into binding, transportation binding, and personal lines. The company has added more than 80 new producers and several new offices focused on those products ... Read the full article
Intl. placements by WTW’s Global Markets Hub increase to $525m in premium
1st October 2020
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has revealed that overall placements in the international market via its Global Markets Hub have increased by 67% year-on-year, reaching $525 million in premium. This growth has occurred despite the unexpected business conditions created by the global COVID-19 pandemic. One of the key ... Read the full article
Lockton appoints Patrick Pribyl to lead new National Surety Practice
1st October 2020
Insurance and reinsurance brokerage, Lockton, has announced the launch of its National Surety Practice, which is to be led by surety market veteran, Patrick Pribyl. Lockton's new National Surety Practice will have a focus on surety support for clients backed by all Lockton business lines; alignment of resources and technical expertise; ... Read the full article
Coverys European Holdings launches Lloyd’s broker Celeritas
1st October 2020
Coverys European Holdings (CEH), a division of Coverys that invests in specialty managing general agencies across continental Europe and the UK, has announced the launch of Celeritas, a European broker for both open market placement and binder business. Binders & risks sourced by the broker will work with syndicates across Lloyd’s ... Read the full article
Ed adds Aon’s Robert Sharp as head of casualty treaty
30th September 2020
Reinsurance, wholesale and specialty broker Ed has announced the appointment of Robert Sharp as head of casualty treaty, divisional director. Sharp will be based in London and assumes the role with immediate effect. He reports to Heather Clarkson, divisional Chief Executive Officer, specialty. Sharp brings 13 years of experience as a reinsurance broker, ... Read the full article
MMC appoints new Chief Information & Human Resources Officers
29th September 2020
Marsh & McLennan Companies, Inc. (MMC) has announced the appointments of Paul Beswick as Senior Vice President (SVP) and Chief Information Officer and Carmen Fernandez as SVP and Chief Human Resources Officer. Taking up their new positions on January 1st, Beswick and Fernandez will report to MMC President and CEO Dan ... Read the full article
Hyperion X adds Guy Carpenter’s Julian Alovisi as Head of Research
29th September 2020
Hyperion X Analytics, the analytics and advisory specialist unit of the Hyperion Insurance Group, has appointed Julian Alovisi to the newly created role of Head of Research. In this role, Alovisi is set to lead the firm's differentiated research and thought leadership function at a time of great change across the ... Read the full article
Arthur J. Gallagher targeted in ransomware attack
29th September 2020
International insurance brokerage firm Arthur J. Gallagher & Co has confirmed that it was the target of a ransomware attack on September 26th. The firm said the incident impacted a “limited portion” of its internal systems, and does not expect it to have a material impact on its operations or financial ... Read the full article
Howden acquires professional indemnity broker St Giles
29th September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has reached an agreement to acquire St Giles Legal & Professional Risks. St Giles is a professional indemnity insurance broker specialising in the UK solicitor space, a market in which Howden is currently a leading provider. The acquisition of St Giles further cements ... Read the full article
SterlingRisk promotes Geraldine DelPrete to Chief Marketing Officer
28th September 2020
Independent broker SterlingRisk Insurance has announced the promotion of Geraldine DelPrete to Chief Marketing Officer. DelPrete will oversee the strategy for all carriers across all SterlingRisk platforms, including Large Commercial and Select, Programs, Personal Lines, Environmental, Construction, and Aviation. She will also retain the title of President of Programs, with both the Marketing ... Read the full article