Reinsurance News

Reinsurance broking news

Reinsurance broker news, analysis and insight, covering reinsurance broker market trends and opportunities.

Reinsurance brokers have a core role to play in the market, so we frequently cover news related to their activities and also interview senior reinsurance broking executives as well.

Augment Risk appoints McGill’s Andrew Matson as CEO

4th December 2023

Reinsurance brokerage firm Augment Risk, has announced the appointment of Andrew Matson as Chief Executive Officer (CEO), who will focus on building on the firm’s significant traction, having already bound $1 billion of premium in its first year of business. “Augment Risk was founded to address a fundamental structural problem in ... Read the full article

Aon promotes Alison Clarke as Head of Renewables, Global Broking Centre & UK

4th December 2023

Aon plc, the global insurance and reinsurance broker, has promoted Alison Clarke as Head of Renewables for its Global Broking Centre (GBC) & UK. In her new role, Clarke will report to Jon Wiegand, Head of Power, GBC. Clarke's remit will include leading the London Natural Resources Renewables Practice. Her role will ... Read the full article

Rate increases to persist through 2024 and probably into 2025: Gulbransen, Howden Tiger

30th November 2023

As negotiations intensify ahead of the January 1st, 2024, reinsurance renewals, Wade Gulbransen, Head of North American Reinsurance at Howden Tiger, has said that the broker sees the market continuing with both price and coverage into next year. Speaking with Howden Tiger's Head of Business Development, Michelle To, as part of ... Read the full article

Gallagher Re promotes Mark Hansen to COO

28th November 2023

Reinsurance brokerage Gallagher Re has promoted Mark Hansen, who has served as Chief Operating Officer (COO) for its North America division since 2021, as its new global COO, taking over from Chris Brook. Hansen has served as COO for Gallagher Re North America since its acquisition of Willis Re. He served at ... Read the full article

Juniper Re payback period to be relatively short: BRP Group CEO

8th November 2023

After launching Juniper Re, its reinsurance broking platform in mid-October, BRP Group believes the payback from the investment will be fairly short, with a view to having the business EPS accretive and cash flow positive in 2025, according to Chief Executive Officer (CEO), Trevor Baldwin. Independent insurance distribution company, BRP Group, ... Read the full article

Lockton Re analytics platform receives US Patent

7th November 2023

Lockton Re, the reinsurance arm of the independent insurance broker, has announced that its analytics platform, SAGE, has been awarded a US Patent. This patent is for systems and methods for custom and real-time visualization, comparison, and analysis of insurance and reinsurance structures. Claude Yoder, Global Head of Analytics, Lockton Re, commented: ... Read the full article

UK’s Pool Re renews reinsurance broking contract with Guy Carpenter

17th October 2023

Pool Re, the UK Government’s terrorism reinsurance scheme, has reported it successfully renewed its reinsurance broking contract with Guy Carpenter for three years, with an option to run to five. According to the announcement, Guy Carpenter will support Pool Re in returning risk and premium to the private sector, which in ... Read the full article

BMS hires Andras Bohm as head of US Capital Advisory

16th October 2023

Independent specialist re/insurance broker, BMS Group, has appointed Andras Bohm as the head of its US Capital Advisory business and the CEO of BMS Capital Advisory, Inc. - BMS Groups’ U.S. broker-dealer - subject to regulatory approvals. In his new role, Bohm will hold responsibility for leading BMS Group's investment banking ... Read the full article

Mark Shumway joins Inver Re as Head of Advisory

10th October 2023

Mark Shumway, formerly of insurance and reinsurance broker Howden, has joined Inver Re, the reinsurance broking arm of the Ardonagh Group, as Head of Advisory. Shumway joined Hyperion X, which later became Howden, from JLT Re in 2019, which followed Marsh McLennan's acquisition of JLT Group earlier that year. During ... Read the full article

Gallagher Re appoints leader for newly created Global Credit & Political Risk team

9th October 2023

Global reinsurance broker Gallagher Re has appointed Jonathan Allard as Managing Director and Head of its newly created Global Credit & Political Risk team, based in London. According to the broker, Allard will bring together the experienced, specialist London market and international teams and be responsible for leading and developing the ... Read the full article

WTW considers re-entering into treaty reinsurance: Goldman Sachs

9th October 2023

WTW is considering re-launching back into treaty reinsurance, Goldman Sachs has revealed following a management meeting with the insurance broker. Back in 202, WTW sold its reinsurance arm Willis Re to Gallagher. A clause in the terms of agreement stated that WTW would not broker treaty reinsurance products again until ... Read the full article

Arthur J. Gallagher announces acquisition of Altman Insurance Services

4th October 2023

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Louisville, Kentucky-based WLA Insurance, LLC, dba Altman Insurance Services. Terms of the transaction were not disclosed. Altman Insurance Services provides employee benefits brokerage and consulting services to both large and small group businesses across ... Read the full article

Howden Tiger names Tim Ronda as new CEO

27th September 2023

Global broker Howden's reinsurance arm, Howden Tiger, has announced that its current President, Tim Ronda, will take over as the firm's Chief Executive Officer (CEO), reporting to David Howden, CEO of Howden. Effective January 1st, 2024, Ronda will assume the role from current CEO Rob Bredahl, who will become Executive Chair ... Read the full article

Separating first party cyber reinsurance can increase participation, says Lockton Re

11th September 2023

Global reinsurance broker Lockton Re has released a new report which discusses the benefits of breaking the cyber peril into requisite parts, an approach the broker says can potentially improve the access to capital and expertise. Titled 'The All Risk Cyber (ARC) Challenge: An Assessment to Simplify Cyber Reinsurance,' Lockton Re's ... Read the full article

Acrisure Re names Kriesch & Witteveen as Managing Directors for Cat Bond Solutions

10th September 2023

Acrisure Re, the reinsurance division of global fintech Acrisure, has announced the appointment of Sandro Kriesch and Patrick Witteveen as Managing Directors of Catastrophe Bond Solutions within its Corporate Advisory and Solutions (ARCAS) division, effective immediately. Based in Zurich, they will report to Ben Canagaretna, the Global Managing Director of ARCAS. Kriesch ... Read the full article