broker

Ardonagh Specialty, the holding company for specialist, reinsurance and wholesale broking brands of the Ardonagh Group, has launched a push into the United States with a new North America reinsurance broking team.

With the merger of insurance and reinsurance broking giants Aon and Willis Towers Watson (WTW) coming under increased scrutiny from regulators, analysts at KBW suggest that should reinsurance arm Willis Re have to be divested, AJG would be seen as the “best fit” to acquire the WTW unit.

The European Commission (EC) said yesterday that it has opened what it calls an “in-depth” investigation of the merger of insurance and reinsurance broking giants Aon and Willis Towers Watson (WTW), citing concerns over the potential impact to competition in some key markets.

Tremor Technologies, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, has now exceed $1 billion of limit placed, after it completed a renewal placement of W. R. Berkley’s property catastrophe reinsurance tower.

Having been acquired by retail insurance agency network Acrisure LLC in 2018, Beach & Associates, the specialist insurance and reinsurance broker, has now been rebranded as Acrisure Re and Acrisure London Wholesale.

Lockton Re, the reinsurance business of the privately held independent global broking giant, has integrated reinsurance marketplace functionality from Tremor Technologies as part of its client offering.

Reinsurance broker Guy Carpenter has announced the hiring of Gen Re senior executive Pietro Toffanello, who will become the firms new Head of Japan during the first-quarter of 2021.

Well-known London market retrocession focused broker Matt Foreman has now joined Lockton Re as its new Head of the Non Marine Retrocession and Property Specialty Division.

TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, has announced the hiring of Bill O’Keefe from consultancy McKinsey to become the firms new Head of Strategy.

Miller Insurance Services LLP, the wholesale and London broker majority owned by Willis Towers Watson (WTW), is to be acquired by private equity specialist investor Cinven and Singapore’s sovereign wealth fund GIC.