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.

Aon outlines opportunities for sub £100m bulk annuity transactions

16th August 2022

In a recent UK risk settlement bulletin, insurance and reinsurance broker Aon has outlined the opportunities for sub £100 million transactions within the industry. The bulletin notes then insurers are more likely to attain a steady flow of business by competing in auction processes across a range of sizes, as focussing ... Read the full article

Capacity stabilizing across GB cyber market: WTW

16th August 2022

New analysis from broking firm WTW shows that capacity stabilized for most cyber re/insurance market segments in Great Britain (GB) during Q2, with increased competition noted in some areas as available capital grows. Looking at key developments in the GB market, analysts observed significant changes during the second quarter of 2022, ... Read the full article

Aon & University of California collaborate on wildfire modelling

15th August 2022

Re/insurance broker Aon has announced a new collaboration between its Impact Forecasting team, the University of California, Merced and the University of California, Los Angeles to implement the latest climate change science and research into Aon’s US wildfire catastrophe model. The academic collaboration will support the development of climate-conditioned fire danger ... Read the full article

Oneglobal Broking Brazil adds three new hires

15th August 2022

Commercial insurance and reinsurance broker, Oneglobal Broking, is welcoming three new members to their Brazil reinsurance team. Bruna Pesenato Xavier has been appointed P&C and Construction reinsurance broker; Caroline Morett as Oil & Gas and Marine reinsurance broker; and Monique Gusmão as Claims & Operations analyst. The new hires will be reporting ... Read the full article

WTW expands energy team in Houston with senior hire

11th August 2022

Broker WTW, has announced that it has appointed Blake Koen to join the company’s rapidly expanding energy team in Houston as managing director, global client advocate, natural resources for its North America business. Within this role, Koen will help to develop and execute the strategic direction of WTW’s energy business. Koen brings ... Read the full article

AJ Gallagher foresees no adverse impact from Inflation Reduction Act

11th August 2022

Re/insurance broker Arthur J. Gallagher & Co. has said that it is not anticipating any additional tax liabilities or material adverse impacts from the introduction of the Inflation Reduction Act of 2022 (IRA) in the US. The IRA, which was passed by the U.S. Senate on August 7, 2022, is not ... Read the full article

WTW hires Sarah Conway as Head of its Ecosystem Resilience practice

11th August 2022

Broker WTW has appointed Sarah Conway as Head of its Ecosystem Resilience practice and Director in the Disaster Risk Finance/Parametrics unit within the company’s Climate and Resilience Hub (CRH). Since 2018, WTW’s Ecosystem Resilience practice has become a leader in the risk management and insurance of natural capital assets, including multi-national ... Read the full article

Arthur J. Gallagher acquires Evergreen Insurance Managers

10th August 2022

Arthur J. Gallagher & Co. has acquired Evergreen Insurance Managers for an undisclosed amount. A statement from the firm said it had purchased the wholesale insurance broker and commercial insurance MGA through its Risk Placement Services (RPS) division. J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher, said: "The Evergreen team ... Read the full article

Aon appoints Sucheng Chang to top job in Hong Kong

10th August 2022

Aon has appointed Sucheng Chang to be the new head of its Hong Kong office. The firm made the announcement through a post on LinkedIn. It is understood that Chang will be moving to his new role after thirteen years with Liberty Mutual Insurance, based in Singapore, where he held a number ... Read the full article

Alleghany names Adam Sills President and CEO of CapSpecialty

8th August 2022

CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, has announced that Jack Sennott is stepping down from his roles as CEO, President and Chair, effective August 31. Current Head of Specialty Underwriting, Adam Sills, has been named by Alleghany to succeed Sennott as President and CEO. Sills has served as CapSpecialty’s Head of ... Read the full article

Aon’s Reinsurance Solutions names WTW’s Becky Allison as COO of STG

5th August 2022

Becky Allison has been announced as the new Chief Operating Officer (COO) of re/insurance broker Aon's Strategy and Technology Group (STG), Reinsurance Solutions, based in London. In her new role, Allison takes on responsibility for the day-to-day business operations of STG. This includes implementing the division's strategy to bring Aon's expertise ... Read the full article

Accord Mortgages joins Gallagher Re’s Deposit Unlock scheme

4th August 2022

Global reinsurance broker, Gallagher Re, has welcomed Accord Mortgages as the latest UK lender to join Deposit Unlock, a reinsurance-backed mortgage indemnity scheme. After joining this scheme, Accord Mortgages can now lend up to 95% loan-to-value (LTV) for new build houses as the government’s Help to Buy and mortgage guarantee schemes ... Read the full article

Insurtech investments up to $2.4 billion in Q2 2022, says Gallagher Re

4th August 2022

Investment in the insurtech space in the second-quarter of 2022 increased by 8.3% from the opening quarter of the year to $2.41 billion, as a rise in the average deal size masked a decline in the overall number of deals, according to reinsurance broker Gallagher Re's latest Global Insurtech Report. Despite ... Read the full article

Lockton announces new additions to Transaction Liability Practice

3rd August 2022

Lockton has announced two new additions to its growing Transaction Liability Practice, suggesting the new hires will bring expertise in real estate transactions and tax matters as the broker continues to enhance its capabilities for its clients. Andrea Anderson joins Lockton as a Senior Vice President in the company’s Transaction Liability ... Read the full article

Gallagher appoints Huw Turner as partner in renewable energy team

3rd August 2022

Re/insurance broker Gallagher has named Huw Turner Partner, Renewable Energy as the firm expands the renewables team to meet increased client demand. Turner will be reporting to executive partner Gavin Tidman, and will work closely with Gallagher’s head of renewables, Duncan Gordon. Bringing 25 years of energy sector experience, he joins Gallagher ... Read the full article