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.
Hyperion changes name to Howden Group Holdings
5th November 2020
Global insurance group, Hyperion Insurance Group, has announced that it has changed its name to Howden Group Holdings. The change will take place effective immediately and will flow through the other parts of the Group with Hyperion in the name. This includes the Hyperion Foundation, the Group’s charitable arm, which will be ... Read the full article
Commercial insurance prices up 20% in Q3, reports Marsh
5th November 2020
Insurance and reinsurance brokerage, Marsh, has reported that global commercial insurance prices increased by 20% in Q3 2020, the largest increase since the Global Insurance Market Index was launched back in 2012. This average composite price rise of 20% follows year-on-year average increases of 19% in Q2 and 14% ... Read the full article
Marsh names Tony Ambrose as Deputy CEO for UK Aviation
5th November 2020
Re/insurance broker Marsh has announced the appointment of Tony Ambrose as Deputy CEO, Aviation, Marsh JLT Specialty, effective immediately. Currently a Managing Director within Marsh’s Aviation Practice in London, Ambrose will remain based in London and report to Andy Smith, UK Chairman and CEO, Aviation. In this newly created role, Ambrose will ... Read the full article
Brokers need to explain the hardening market to clients, FCA warns
4th November 2020
The UK's Financial Conduct Authority (FCA) has called on the Lloyd's and intermediated London insurance market to explain and educate clients on the impacts of a hardening market environment. In response to a range of drivers, including a series of natural disaster losses, low prices, persistently low interest rates and more ... Read the full article
BMS appoints new chairman of Australian affinity business
4th November 2020
Specialist insurance and reinsurance broker, BMS Group, has announced the appointment of Cris Massis as Chairman of the firm's expansive Australian affinity business. Massis adds significant association leadership and member value expertise to BMS Australia’s Affinity clients. Effective November 1st, 2020, he will be based in Melbourne with a focus on growing ... Read the full article
MNK Re to acquire majority stake in Prospect Brokers Africa
3rd November 2020
Specialty Lloyd’s broker MNK Re is set to acquire a majority stake in Prospect Brokers Africa, an independent South African reinsurance broker. Prospect Brokers was established in December 2019 by former RFIB Africa director Neesha Parbhoo. The company specialises in reinsurance, wholesale insurance and binding authorities placed into regional and international markets. This ... Read the full article
Newly launched speciality broker NARDAC to open London office
2nd November 2020
Specialist energy and infrastructure insurance broker NARDAC is set to open a London office led by Peter Draper, the former international property director at AFL. Draper is the final founding partner to join the business. He will lead the business’s expansion into the European markets, building relationships with London underwriting capital and ... Read the full article
Aon appoints NBA president Byron Spruell to board of directors
2nd November 2020
Re/insurance broker Aon has announced the appointment of Byron Spruell to its board of directors. Spruell is the president of league operations at the National Basketball Association (NBA). Before his time at the NBA he spent 20 years at Deloitte, most recently serving as vice chairman, central region marketplace leader and Chicago ... Read the full article
Guy Carpenter launches new Marine & Energy division
2nd November 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions practice. The practice, which forms part of Guy Carpenter’s Global Marine & Energy Specialty group, will be led by Managing Director Demian Smith. Guy Carpenter’s aim is ... Read the full article
Steadfast Re recruits Ryan Springall as Director Treaty, APAC
2nd November 2020
Steadfast Re, the reinsurance broking joint-venture operation of the Steadfast Group, has announced the appointment of Ryan Springall as Director Treaty for the Asia Pacific region. Springall arrives from Risk Frontiers, an Asia Pacific Perils research organisation, where he most recently served as General Manager. Prior to that, he was a lead ... Read the full article
Alliant adds Steve Pierce to construction team
30th October 2020
US insurance broker Alliant Insurance Services has announced the appointment of Steve Pierce as Executive Vice President within Alliant Construction Services Group. Based in Dallas, he will provide strategic risk management solutions for construction clients across the US. Pierce joins Alliant with more than 18 years of experience working with large, national ... Read the full article
AHT Insurance announces Specialty Captives Programs
30th October 2020
AHT Insurance, a brokerage and consulting firm offering property and casualty, employee benefits, retirement, personal and international services, has enhanced its service offering with the addition of Specialty Captive Programs. A specialty captive is a private insurance solution designed to provide customisable coverage options for unique or difficult exposures business owners ... Read the full article
Aon reports organic reinsurance revenue growth of 13%
30th October 2020
Re/insurance broker Aon has reported organic revenue growth of 9% in its Reinsurance Solutions division during the third quarter of 2020. The Reinsurance Division posted revenue of $321 million in Q3 2020, compared with $291 million for the same period last year. This marks the fourth consecutive quarter of elevated growth for ... Read the full article
McGill and Partners makes Nicky Payne partner
30th October 2020
Insurance broker McGill and Partners has announced that Nicky Payne has been made partner. Payne, who joined on the 1st October has more than 30 years of experience in Reinsurance as both a broker and underwriter. Most recently, she was CUO and Active Underwriter of Arcus Syndicate 1856, backed by funds managed ... Read the full article
MMC’s Q3 operating income up 15%
29th October 2020
Marsh & McLennan Companies, Inc. (MMC), a global insurance and reinsurance brokerage, has announced consolidated revenue of $4 billion for the third-quarter of 2020, while underlying revenue fell by 1% when compared to the same period in 2019. Operating income spiked to $540 million from $467 million in the prior year ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
