Agents & Brokers News

Capsicum Re Latin America Taps Ribeiro and Nunes from Carpenter, Aon Benfield

Capsicum Re, the London-based specialist reinsurance broker, announce it has hired Marcio Ribeiro and JĂșlia Nunes to Capsicum Re Latin America Brazil. Ribeiro is head of the facultative division and is based in Sao Paulo; Nunes is head of operations …

JLT Re Taps Willis Re’s Punch as MD, APAC, for Regional Clients & Retrocession

JLT Re, the London-based reinsurance broker and consultant, has appointed Stephen Punch as managing director, Asia Pacific, for Regional Clients and Retrocession. Punch is expected to join JLT Re in early 2017 after he has completed his contractual obligations with …

Willis Re and SpatialKey Partner to Launch European Windstorm App

Willis Re, the reinsurance division of Willis Towers Watson, has collaborated with SpatialKey Inc. to launch a new European Windstorm app. “This powerful new event response application integrates data from multiple data sources, including EuroTempest, insurance industry experts in forecasting …

Want to Know More About Agency E&O? Participate Now.

Insurance Journal is asking for participation in its 2016 Agency Errors & Omissions Survey. This survey report will share key insights on today’s Agency E&O market. Participate now to learn more about the market. The survey is designed specifically for …

Insurance Groups AAMGA, NAPSLO in Merger Talks

The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) are considering combining both organizations into one association and have formed a joint committee to explore the idea. Brady Kelley, executive director, …

Brokerslink Completes Private Stock Offering to Support Global Growth Strategy

Brokerslink, the Zug, Switzerland-based insurance broker, has announced the completion of a private stock offering, creating a broad shareholder base and investment to support the continued growth of its global insurance broking and risk business. Brokerslink said it now has …

Moon Appointed CEO of JLT Re Korea

JLT Re, the London-based reinsurance broker and consultant, has appointed Jong Kuk (“JK”) Moon as CEO of JLT Re Korea. Moon will be based in JLT Re’s Seoul office and will report to Kenny Moyes, CEO, JLT Re Asia. “JK …

MarshBerry Enters Employee Stock Ownership Plan

Marsh, Berry & Co. Inc., a Cleveland-area consulting and investment banking firm focused on the insurance industry, announced that the firm has become 100 percent employee-owned through an Employee Stock Ownership Plan (ESOP) Trust. The ESOP announcement was made to …

Emerging Markets to See Strong Non-Life Premium Growth in Years Ahead: JLT Re

Despite recent slowdowns, emerging economies are expected to outperform advanced markets over the next five years, according to a report published by JLT Re. The emerging economies examined in the JLT Re study are also expected to gain an increasing …

Workers’ Comp Benefits for Injured Workers Reach Historic Lows: Report

Workers’ compensation benefits as a share of payroll have reached historically low levels, according to a new study released this week. Despite growth in employment during the economic recovery — and the corresponding uptick in employees covered by workers’ compensation …