reinsurance broker News

Broker Juniper Re Enters London With Industry Veteran Hawke at Helm

Juniper Re LLC, the specialist reinsurance broking arm of The Baldwin Group, announced its entry into the London market, appointing industry veteran Nick Hawke as head of office. With more than four decades of reinsurance experience in the London market, …

Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner

Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-based regional leader in the reinsurance broking and advisory business. Terms …

Howden Acquires Swiss Reinsurance Broker Haakon AG

Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon, formerly part of the Baloise Group, has offices in Basel and Kuala …

Reinsurance Broker, Augment, Launches With Access to $100M in Funding

Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from Altamont Capital Partners. Over the last decade, the global reinsurance market has been buffeted by significant shifts — among them …

Texas Windstorm Insurance Association Committee Recommends Willis Re for Reinsurance Broker

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …

Arthur J. Gallagher & Co. Takes 100% Stake in Capsicum Reinsurance Brokers

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it increased its stake in Capsicum Reinsurance Brokers from 33% to 100%, effective Jan. 1, 2020. Financial details of the transaction were not disclosed. Founded in December 2013 by …

BMS Re Revamps U.S. Reinsurance Management; Appoints Chandler President and CEO

Reinsurance broker BMS Group announced a series of management changes within its U.S. reinsurance team as the intermediary continues its expansion. This follows the completion in October of a large-scale investment into BMS by British Columbia Investment Management Corp. and …

Guy Carpenter’s Holtmeier Joins BMS as U.S. Reinsurance Chief Strategy Officer

Reinsurance brokerage BMS Group announced the appointment of Gregg Holtmeier as chief strategy officer of its U.S. reinsurance operations. With 20 years’ experience in the reinsurance markets, Holtmeier joins BMS from Guy Carpenter, where he was most recently managing director …

Lockton Expands Reinsurance Brokerage Globally; Hires 3 Guy Carpenter Executives

Global insurance broker Lockton has formed a global reinsurance business, Lockton Global Re, and hired several Guy Carpenter executives as part of its leadership team. In addition to Lockton CEO Ron Lockton, the leadership team includes Tim Gardner, current CEO …

UK Broker Capsicum Re Appoints Williams as Cyber Security Specialist

Capsicum Re, the London-based specialist reinsurance broker, announced the appointment of Conrad Williams as the latest addition to its cyber team. He will report to Ian Newman and Samantha Thompson, partners in Capsicum Re’s London property and specialty division, and …