Reinsurance News
brokerage
Aston Lark acquires Exeter-based broker, Isca Barum
28th January 2020
Aston Lark, a Goldman Sachs-backed chartered insurance broker, has acquired Exeter, UK-based independent brokerage, Isca Barum Insurance Brokers. The acquisition of Isca Barum, a broker offering a full suite of insurance services to corporate and private clients across the UK, is Aston Lark's first acquisition of the year. The firm has a ... Read the full article
Everest targets smaller law firms via new program with Embroker
27th January 2020
Everest Insurance, a division of Bermuda-based insurer and reinsurer Everest Re Group, Ltd., has announced plans to offer an online Lawyers' Professional Liability program via a new partnership with insurance brokerage, Embroker. The new online program is for law firms with up to ten employed attorneys, and, through Embroker's digitized platform, ... Read the full article
California brokerage Solomon & Solomon joins Patriot platform
24th January 2020
Patriot Growth Insurance Services, a growth-focused national insurance services company, has announced the addition of California-based independent insurance agency, Solomon & Solomon Insurance Brokers, Inc. to the Patriot platform. The new partnership stands to significantly bolster Patriot's property and casualty (P&C) insurance capabilities, while at the same time strengthen its large ... Read the full article
Hyperion & JLT reach confidential settlement
22nd January 2020
A statement from international insurance broking groups Hyperion and JLT announced today that the pair have reached a settlement following a legal process which centred on the hiring of 47 staff from JLT Specialty to Hyperion. JLT started legal proceedings in the summer of last year after the broker accused Hyperion ... Read the full article
Re/insurance broker Protecdiv launches in Philadelphia
22nd January 2020
A new, Philadelphia-based specialty property and casualty (P&C) insurance and reinsurance brokerage has been launched, called Protecdiv. The new re/insurance broker is led by experienced insurance industry professionals Kael Coleman as Founder and Chief Executive Officer (CEO) and Paul Little, as Chief Operating Officer (COO). According to an announcement on the launch, ... Read the full article
WTW anticipates a busy year for longevity hedging & bulk annuities
21st January 2020
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), is expecting a busy year in the longevity de-risking markets after a record-breaking 2019. In 2019, £41 billion of bulk annuities completed alongside £12 billion of longevity swaps, making it a record year for the longevity de-risking sector. In a recent report, WTW ... Read the full article
Brown & Brown acquires MGA Texas All Risk
20th January 2020
A subsidiary of insurance brokerage Brown & Brown, Inc., Hull & Company, LLC, has acquired the assets of Texas All Risk, a managing general agent (MGA) for independent retail insurance agencies. Texas All Risk places a broad range of P&C insurance for businesses and individuals in Texas, Louisiana, and also Oklahoma. Once ... Read the full article
Aon’s Helene Madell named CBO for Commercial Risk, Health & Affinity UK
20th January 2020
Global insurance and reinsurance broker Aon has appointed Helene Madell as Chief Broking Officer (CBO) for Commercial Risk Solutions, Health Solutions and Affinity in the UK, effective April 6th, 2020. Madell currently serves as Chief Broking Officer for Commercial Risk Solutions, Health Solutions and Affinity for the broker in the Pacific ... Read the full article
Lars Forsstedt rejoins Aon’s Nordic M&A team
15th January 2020
Global insurance and reinsurance brokerage Aon has announced that Lars Forsstedt has re-joined its Nordic team from Willis Towers Watson (WTW). Forsstedt has been appointed to Aon's Nordic M&A and Transaction Solutions team, joining from WTW where from October 2017 he served as Practice Leader, Private Equity - Nordics. He first joined ... Read the full article
Tysers announces minority investment in Bermuda’s Helix
14th January 2020
Tysers, the specialty London-based wholesale broker, has announced a minority investment in Helix Underwriting Partners Limited, the first multi-line independent Managing General Agent in Bermuda. Helix, which was founded by re/insurance industry veterans Claude Lefebvre, Nicholas Lucking and Neville Watson, launched in Bermuda last week after receiving all necessary approvals ... Read the full article
BMS names Alejandro Ceron as COO, Latin America & Caribbean
13th January 2020
Alejandro Ceron has been appointed as the new Chief Operating Officer (COO) of specialist insurance and reinsurance broker, BMS Group's Latin American & Caribbean division, effective immediately. In his new role, Ceron will be based in Miami, U.S. and will report to the CEO of BMS Latin America & Caribbean, Jose ... Read the full article
Gallagher acquires 60% stake in Caribbean broker, RMS
13th January 2020
Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has announced the acquisition of a 60% share in Risk Management Services Limited (RMS), a Caribbean insurance brokerage. RMS is located in the Port of Spain, Trinidad and Tobago, and is one of the country's top three ... Read the full article
Sarah Stephens named Head of Cyber, International at Marsh JLT Specialty
10th January 2020
Global re/insurance brokerage Marsh has announced the appointment of Sarah Stephens as Head of Cyber, International, within Marsh JLT Specialty, effective immediately. Stephens will serve in this newly created role in addition to her current position as Cyber, Media & Technology Leader within the UK FINPRO Practice. She will take responsibility for ... Read the full article
A disciplined renewals despite market challenges, says Aon
10th January 2020
Global insurance and reinsurance broker Aon has said that in spite of new market dynamics, programs renewed in an orderly fashion at the January 2020 reinsurance renewals season. Aon's January 2020 Reinsurance Market Outlook report highlights an orderly renewals season in most regions, adding that this occurred despite the impacts of ... Read the full article
Willis Re names Simon Buxton MD of International Customised Reinsurance
9th January 2020
Willis Re, the reinsurance arm of global insurance brokerage Willis Towers Watson (WTW), has announced the appointment of Simon Buxton as Managing Director of its International Customised Reinsurance practice, based in London. Willis Re's International Customised Reinsurance practice has a focus on non-traditional reinsurance, and in his new role, Buxton will ... Read the full article
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