Reinsurance 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.
18th June 2021
J. Patrick Gallagher, Jr. Chairman, President and CEO at Arthur J Gallagher, has said that the company remains “wide open” to taking on more business from the pending merger between Aon and Willis Towers Watson (WTW), should it be offered up as part of a further remedy package. It was confirmed ... Read the full article
17th June 2021
Re/insurance broker Aon has named Eric Schwebach Senior Managing Director of its Reinsurance Solutions unit, focusing on the management of major clients as well as the generation of new business. He reports to Trevor Dorr, Executive Managing Director of Reinsurance Solutions. Based in Minneapolis, he joins from rival broker Guy Carpenter, where he ... Read the full article
17th June 2021
As the U.S. Department of Justice (DOJ) sues to block the combination of global re/insurance brokers Aon and Willis Towers Watson (WTW), analysts at KBW view additional divestitures as a more likely outcome than the deal falling apart completely. Previous reports that the DOJ was likely to approve the $30 ... Read the full article
17th June 2021
Client-centric broker Oneglobal has named Simon Plumridge Group Chief Operating Officer, reporting to Group Chief Executive Officer Mike Reynolds. Plumridge’s appointment is effective July 1 and sees him join from QBE, having served as global head of multinational. He has more than 30 years of underwriting, operations and distribution experience and a ... Read the full article
17th June 2021
The U.S. Department of Justice (DOJ) has filed a civil antitrust lawsuit to block the proposed $30 billion combination of Aon and Willis Towers Watson (WTW), stating that the merger threatens to eliminate competition, increase prices, and ultimately create a "broking behemoth." In response to the DOJ's announcement, Aon and WTW ... Read the full article
16th June 2021
Re/insurance broker Aon has released a new report for the first quarter of 2021, giving insight into the UK Property & Casualty insurance market. The report noted that within the property market, insurers are continuing to focus on achieving a technical rate and getting close to that is a minimum for ... Read the full article
16th June 2021
Global insurance broker Arthur J. Gallagher has acquired the remaining shares of Zurich, Switzerland-based Hesse & Partner AG and Hesse Consulting GmbH from founder, Guido Hesse. Gallagher entered a partnership with Hesse and Partner three years ago when it acquired a majority interest of the business. Founded in 1997, Hesse and Partner ... Read the full article
16th June 2021
Howden has continued its expansion and investment in Europe with the appointments of Luigi Sturani as Chief Executive Officer (CEO), Europe and Enrico Nanni as Chief Commercial Officer, Europe, effective June 2nd, 2021. In his newly created role, Sturani will lead a diverse regional management team, supported by Louise Cable-Alexander, CEO, ... Read the full article
16th June 2021
Lockton Re, the reinsurance arm of the global brokerage, has announced the appointment of Jonathan (Jonty) Davies as Chief Executive Officer (CEO) of its newly launched Bermuda office. The launch of Lockton Re (Bermuda) Limited forms part of the broker's growing global platform. Davies joins the company from Aon Reinsurance Solutions where ... Read the full article
15th June 2021
Reinsurance broker Lockton Re has added Robert Bisset as Chairman, Global Retrocession & Property Specialty, Bermuda and Market Capital, subject to regulatory approval. Bisset will also become a member of Lockton Re's Global Executive Committee. As we explained previously, Lockton Re was set to appoint former Aon executive Bisset to a senior ... Read the full article
15th June 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Paul Gressier as Managing Director and Head of UK & Ireland Motor and Associated Casualty, effective August 9th, 2021. Gressier takes on responsibility for leading the broker's motor and associated casualty activities across the region. In this newly ... Read the full article
15th June 2021
Aon has completed its acquisition of a 49% stake in Indian broker Anviti, which has since been rebranded as Aon India Insurance Brokers Private Limited. The takeover was announced back in 2020 but has only now gained regulatory approval. As a result, Aon said that it will now operate its insurance and ... Read the full article
14th June 2021
As part of its Global Market Overview report, broker Aon has forecasts that key longer-term issues are likely to gain relevance in re/insurer appetite and rating models, as the world emerges from the COVID-19 pandemic and as pricing momentum slows. Aon is predicting moderation in rate increases as re/insurers begin to ... Read the full article
14th June 2021
Re/insurance broker Ed has appointed Raza Hassan to its Downstream Energy team in an effort to bring further focus to Power and Renewables. Hassan joins from rival broker Marsh after more than three years’ with the firm. He most recently served as a Client Executive within Marsh’s Energy Practice and, before that, ... Read the full article
14th June 2021
Aston Lark Ireland, the Irish branch of the chartered broker backed by Goldman Sachs, has acquired insurance brokerage McMahon Galvin. McMahon Galvin was founded in Dublin in 1970 and focuses on home and car insurance for individuals along with a full range of insurance services to businesses. Peter Hanlon and John Galvin ... Read the full article
