The world's best insurers, reinsurers, brokers and service providers were revealed in front of a packed crowd at the Reactions Global Awards Dinner in New York on August 28.The world's best insurers, reinsurers, brokers and service providers were revealed in front of a packed crowd at the Reactions Global Awards Dinner in New York on August 28.
The winners, voted for by their peers, picked up their awards at the prestigious Rainbow Room on the 65th floor of the Rockefeller Centre in New York
The big winners of the night were AIG and Swiss Re, each coming away with three awards.
AIG picked up the awards for Best North American Insurance Company, Best Asia-Pacific Insurance Company, and Best Global Insurance Company. Swiss Re came away with awards for Best Global Reinsurance Company For Casualty/Liability, Best Global Reinsurance Company for Life and Best Global Reinsurance Company Overall.
There was also individual success for both companies. Martin Sullivan, chief executive officer of AIG, picked up the award for Insurance CEO of the Year. Jacques Aigrain, Swiss Re's chief executive, was voted Reinsurance CEO of the Year.
Sullivan commented: "I'm delighted and honored to accept the Insurance CEO of the Year award on behalf of AIG's 106,000 talented employees worldwide. Without their entrepreneurial drive, dedication, creativity and commitment to customers across the world, AIG would not be the company it is today. Together with the awards for 'Best Global Primary Insurance Company', 'Best North American Primary Insurance Company', and 'Best Asia-Pacific Insurance Company' from the readers of Reactions, this is important recognition of AIG's performance in our industry."
Under the broker section Grahame Chilton, chief executive officer of Benfield, won the award for Broking CEO of the Year.
It was also a good evening for Marsh & McLennan Companies, with both its insurance and reinsurance broking units winning awards. Brian Storms, CEO of Marsh, accepted his firm's award for Best Global Insurance Broker, while David Priebe, managing director of Guy Carpenter, accepted Guy Carpenter's award for Best Global Reinsurance Broker. Priebe was also recognised by Reactions readers as the executive to watch as he collected his personal award for Rising Star of the industry.
XL also figured strongly, picking up two awards as well as its CEO Brian O'Hara receiving the award for lifetime achievement.
O'Hara commented: "I am particularly proud of my XL colleagues having been recognised by Reactions readers with these two awards – 'Best Bermuda Market Primary Insurance Company' and 'Capital Raising of the Year'. To be recognised by their industry peers is a true testament of their dedication, expertise and hard work. And I am especially humbled by my 'Lifetime Achievement Award' – I will continue to strive in having XL provide value to its customers, maintain underwriting excellence and foster a culture based on transparency, mutual respect and dependability."
The full list of Award categories and winners is:
Primary Insurance Companies
Best North American Primary Insurance Company – AIG
Best European Primary Insurance Company – ALLIANZ
Best Asia-Pacific Primary Insurance Company – AIG
Best Latin American Primary Insurance Company – MAPFRE
Best London Market Primary Insurance Company – HISCOX
Best Bermuda Market Primary Insurance Company – XL
Best Global Primary Insurance Company - AIG
Reactions Global Awards Insurance Chief Executive of the Year – Martin Sullivan – AIG, CEO
Best Global Reinsurance Company for Property – MUNICH RE
Best Global Reinsurance Company for Casualty/Liability – SWISS RE
Best Global Reinsurance Company for Speciality Lines – ASPEN RE
Best Global Reinsurance Company for Life – SWISS RE
Best Global Reinsurance Company - SWISS RE,
Reactions Global Awards Reinsurance Chief Executive of the Year – Jacques Aigrain – SWISS RE, CEO
Capital Raising of the Year – XL – STONEHEATH
Best Global Reinsurance Broker for Innovation – BENFIELD
Best Global Reinsurance Broker – GUY CARPENTER
Best Global Insurance Broker for Innovation – AON
Best Global Insurance Broker – MARSH
Reactions Global Awards Broking Chief Executive of the Year – Grahame Chilton – BENFIELD
Best Global Rating Agency of the Year – STANDARD & POORS
Best Risk Modelling firm of the Year – RMS
Best Law Firm of the Year – LEBOEUF, LAMB, GREENE & MACRAE
Best Investment Bank of the Year – MORGAN STANLEY
Best Consultancy of the Year – TILLINGHAST
Best Accounting firm of the Year – KPMG