Agents & Brokers News

Lloyd’s Open Broker Sessions in Singapore Designed to Speed Placement Process

Lloyd’s has started holding open trading sessions at its Singapore hub, which are designed to speed up insurance placements. The sessions enable brokers to see multiple markets at one time and provide faster turnaround times as quotes are given, lines …

Willis Towers Watson Appoints New Senior Leadership Team for Great Britain

Willis Towers Watson, the global advisory, broking and solutions company, announced a group of senior leadership appointments within its Great Britain business. Ailsa King will lead the Client Organisation in Great Britain, which will embrace sales, account management, regional development, …

M&A to Intensify as Insurers Hunt for Top-Line Growth: Willis Towers Watson

The competition for attractive assets will intensify in the next three years as the majority of insurers (82 percent) plan to acquire, while only one-third intend to divest, according to a survey of senior insurance executives conducted by Willis Towers …

Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’

Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses, underwriters have become more selective and may actually reduce the amount …

Stephenson to Join JLT Re’s Marine & Energy Division in London

JLT Re announced that Martin Stephenson will join its Marine and Energy Division subject to the fulfillment of his existing contractual obligations. Stephenson will work closely with the division’s head, Nick Jay, and its senior leadership, chairing the division’s management …

Carpenter Appoints Miller-van der Schild as Managing Director of Benelux Unit

Guy Carpenter & Co. has appointed Susanne Miller-van der Schild as managing director, Guy Carpenter Benelux, effective 1 February. Miller-van der Schild will be responsible for further developing Guy Carpenter’s platform in the region, and in particular strengthening its position …

ILS Market Hits New Record of $70B in 2015: Willis Capital Markets & Advisory

Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS market update from Willis Capital Markets & Advisory, the …

JLT Re Launches New Division, JLT Fac; Macdonald-Smith Appointed as Head

London-based JLT Re has launched a new division – JLT Fac – and appointed Vanessa Macdonald-Smith to lead the division. Keith Harrison, CEO, UK & Europe, JLT Re, said: “The creation of JLT Fac is a reflection of the JLT …

Douglas at Willis Towers Watson Receives High U.K. Honor

Willis Towers Watson announced that Rowan Douglas, head of Willis Towers Watson’s Capital Science & Policy Practice, has been made a CBE in the United Kingdom’s New Year Honours List for services to the economy through risk, insurance and sustainable …

Climate Change, Migration Top List of Global Risks: WEF Survey

Climate change and large-scale forced migration are the greatest risks facing the world according to a survey by the World Economic Forum, the organizer of next week’s meeting in Davos. The 2016 report, published Thursday, highlighted the most significant threats …