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.
Aon adds Camilo Ruiz to facultative reinsurance team in Colombia
18th September 2020
Re/insurance broker Aon has announced that Camilo Ruiz has joined its Reinsurance Solutions Facultative business in Colombia. Ruiz joins Aon from Carpenter Marsh Fac, where he was Fac Senior Vice President since 2018. During his 27-year broking career, he has also held Senior Vice President positions at Willis Re and JLT Re. Based ... Read the full article
Combined Aon / WTW to foster a new standard of client leadership & innovation
17th September 2020
The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article
Guy Carpenter partners with insurtech RiskGenius on silent cyber risk
17th September 2020
Guy Carpenter, the reinsurance arm of global broker Marsh, has established a partnership with insurtech RiskGenius to help evaluate potential silent cyber exposure. The partnership will provide clients with a means of assessing their silent cyber exposure at scale, while generating risk insights designed to support a greater understanding of silent ... Read the full article
RT Specialty appoints Seth Johnson President of Binding Authority
17th September 2020
RT Specialty, the wholesale brokerage unit of Ryan Specialty Group, has appointed Seth Johnson president of RT Binding Authority. Effective January 1, Johnson will succeed Scott H. Smith, who announced his intent to retire at the end of 2019. Johnson is currently president of RT Specialty - Atlantic, having joined the company ... Read the full article
UK bulk annuity sales reached £12.7 billion in H1: Aon
17th September 2020
Re/insurance broker, Aon has reported that UK bulk annuity sales have reached a substantial £12.7 billion in the first half of 2020. This amount has been reached despite challenging market conditions resulting from the COVID-19 outbreak. The market volatility saw a number of schemes reconsider market approaches or temporarily suspend transactions. Throughout ... Read the full article
Lockton Re adds Ben Firshein to International P&C division
16th September 2020
Lockton Re, the reinsurance arm of insurance broker Lockton, has announced that Ben Firshein is set to join its International Property and Casualty (P&C) division. He arrives from Gen Re, where he most recently served as Head of Specialty, having joined Gen Re in 2007 as an underwriter. Firshein has held a ... Read the full article
Aon’s Jerry Blake to join Gallagher Re as partner in 2021
15th September 2020
Specialist reinsurance broker Capsicum Re has appointed Jerry Blake partner within Gallagher Re, effective September 2021. The company announced this month plans to rebrand itself to better reflect its parent company, aligning its reinsurance business with the broader Gallagher retail and wholesale insurance broking arm. Capsicum Re was launched in December 2013 as ... Read the full article
Stephen Pett joins Aon Reinsurance Solutions in Bermuda as a VP & broker
14th September 2020
Insurance and reinsurance broker Aon has announced that Stephen Pett, formerly of Nephila Capital, is to joins its Reinsurance Solutions operation in Bermuda as a Vice President and broker. Pett is expected to join Aon in Bermuda on September 15th, 2020 and will have a focus on industry loss warranties (ILWs) ... Read the full article
Global reinsurers COVID-19 asset-side hit “completely neutralized”, says WTW
14th September 2020
Analysis by insurance and reinsurance broker, Willis Towers Watson (WTW), reveals that the recovery in investment markets has "completely neutralized the asset-side hit" to the capital positions of global reinsurance companies. After some significant disruption and volatility within financial markets as a result of the COVID-19 pandemic, the capital positions of ... Read the full article
BI uncertainty will not be resolved by Jan 1: GC’s Lara Mowery
11th September 2020
Lara Mowery, Global Head of Distribution at reinsurance broker Guy Carpenter (GC), has argued that the upcoming January 1 renewals are likely to be complicated by continued uncertainty about the scale of business interruption losses stemming from the COVID-19 pandemic. Speaking as part of a press briefing in which GC executives ... Read the full article
Aon tallies cost of August storms
11th September 2020
Re/insurance broker Aon has estimated that the combined cost of the nine tropical cyclones that made landfall around the globe in August will be nearly $20 billion. The most significant event during the month was Hurricane Laura, which made landfall as a high-end Category 4 storm in Louisiana with sustained over-water ... Read the full article
Aston Lark acquires Lloyd’s broker Brunel Professions
11th September 2020
Chartered insurance broker Aston Lark has announced the acquisition of Lloyd’s broker Brunel Professions. Established in 2005, Brunel Professions specialises in PII, D&O and Cyber Insurance. The company also provides an in-house specialist claims handling and risk management service. Commenting on the acquisition, Peter Blanc, Aston Lark Group CEO, said, “I’m delighted to ... Read the full article
Marsh’s Dean Klisura named President of Guy Carpenter
10th September 2020
Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Dean Klisura as its new President, effective October 1st, 2020. Klisura will report to Guy Carpenter's Chief Executive Officer (CEO), Peter Hearn, and will continue to be based in New York. In this newly-created role, he takes responsibility for Guy Carpenter's ... Read the full article
WTW and the University of Oxford collaborate on cyber risk research
10th September 2020
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has partnered with the University of Oxford to develop research exploring three key areas of cyber security risk. Specifically, Willis Research Network is set to engage with the University to examine increases in systemic risks; the nature of cyberattack resilience; and, the ... Read the full article
Aon Reinsurance Aggregate reports 104% CR in H1 as RoE sinks
9th September 2020
The Aon Reinsurance Aggregate (ARA) reported a return on equity (RoE) of -1.5% in the first half of 2020 and a combined ratio of 104%, as reinsurers continue to navigate COVID-19-related impacts on both sides of the balance sheet. Earlier today, Aon Reinsurance Solution's held its virtual reinsurance renewal season press ... Read the full article