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.
Howden utilises Whitespace platform to drive data first approach
24th February 2023
Starting with its North American Property team, global re/insurance broker Howden has adopted the use of the Whitespace Platform to drive its data-first approach. Howden states it has embraced this digital integration so that risks created in its policy administration system can be created instantaneously on the Whitespace Platform, without the ... Read the full article
Aon launches earthquake model for Canada through collaboration with GEM
23rd February 2023
Global professional services firm Aon, has announced the launch of a new probabilistic catastrophe model to quantify loss potential for earthquake risk in Canada. Developed by the broker’s Impact Forecasting team, the model represents the outcome of a collaboration with the Global Earthquake Model (GEM) Foundation, of which Aon recently became ... Read the full article
Aon strengthens political violence & terrorism team
23rd February 2023
Aon, a global professional services firm, has announced two senior appointments to strengthen its political violence & terrorism team. Tony Day has been named Head of Crisis Management and Julia Dickson has been appointed as Head of War and Terrorism. Within his role, Day will report to Bernhard Steves, Global Specialty Products ... Read the full article
Howden teams with the UNCDF to build climate resilience for communities in Fuji
23rd February 2023
Insurance broker Howden has teamed up with the UN Capital Development Fund (UNCDF) to help fight climate change within the Pacific. A press release notes that the international insurance intermediary has partnered with UNCDF’s Pacific Insurance and Climate Adaptation Programme (PICAP) to support Fiji’s vulnerable communities, to build resilience and financial ... Read the full article
Consilium announces leaders of new specialty treaty reinsurance unit
22nd February 2023
Aventum Group's specialty re/insurance broking business, Consilium, has launched a dedicated Specialty Treaty Reinsurance division, which will be led by Paul Cousins and Matt Webb as Partners. This new treaty unit compliments the firm's existing global broking operations and comes soon after the launch of its cedant driven FAC reinsurance ... Read the full article
Tysers sells bloodstock broking team & managing agent to Howden
22nd February 2023
Leading independent Lloyd’s broker, Tysers has announced the sale of its bloodstock broking team and the bloodstock managing agent, Galileo, to international insurance broker, Howden. “We had built an exceptional bloodstock business but, as our focus is no longer in this area, we entered a commitment to sell the business including ... Read the full article
WTW adds two new Surety experts to CRB business
21st February 2023
WTW, global advisory, broking and solutions company, has announced the appointment of two new hires, Thomas Rhatigan and Dan Peck, within its North American Corporate Risk & Broking (CRB) business. Scott Hull, Global Head of Surety, WTW, commented: “The addition of Tom and Dan demonstrates our continued focus on bringing the ... Read the full article
PCF Insurance secures $500m preferred equity investment
20th February 2023
US insurance brokerage firm PCF Insurance Services (PCF) has secured a $500 million preferred equity investment in a transaction co-led by Carlyle's Global Credit platform and private equity firm, HGGC. PCF also received significant investment participation in the transaction with funds managed by Owl Rock, a division of Blue Owl, and ... Read the full article
Lloyd’s broker Ramon Intl. appoints Lee Ellis as Chief Strategy Officer
15th February 2023
Lloyd’s broker Ramon International has appointed Lee Ellis to the role of Chief Strategy Officer, effective immediately. Ellis, who also serves as a board member of Ramon International, will also assume board roles across the international operations and the appointed representative businesses under the Ramon banner. An established figure across the industry, ... Read the full article
Eduardo Dávila appointed as President of Aon Spain
15th February 2023
Insurance and reinsurance broker Aon, has appointed Eduardo Dávila as President of Aon Spain. Dávila takes on this role while also still holding his current responsibilities as Chief Executive Officer (CEO) in Aon EMEA, and also serving as a member of the Aon Executive Committee Global. Dávila joined Aon over 21 years ... Read the full article
WTW boosts exposure management and climate analytics team with senior hires
15th February 2023
Global brokerage WTW has appointed Michelle Radcliffe as Director in the Exposure Management and Climate Analytics Team, within the firms Insurance Consulting and Technology (ICT) business. Within the role, she will heavily focus on climate transition risks and exposure management for underwriting, against a backdrop of changing legislation and market ESG ... Read the full article
Miller appoints Gary Stockley as Account Executive in Bermuda
14th February 2023
Specialist re/insurance broker Miller has announced the appointment of Gary Stockley as an Account Executive in its Bermuda office. Stockley has over three and a half decades of experience in the insurance market, primarily as a retail insurance broker. Twenty years of his storied career were spent working in Bermuda, specialising in ... Read the full article
Gallagher Re adds Parametric Solutions Lead to its climate resilience practice
13th February 2023
Gian Sandosh Semadeni is joining Gallagher Re’s Public Sector & Climate Resilience Solutions global practice as Parametric Solutions Lead. He will be working alongside Antoine Bavandi, who was appointed in 2022 to lead the new practice, and Dorra Berraies, who has spent four months serving at the practice as Senior ... Read the full article
Aon hires Gallagher’s Rudman as Head of Marine, Asia
10th February 2023
Aon plc has announced that it has appointed Gallagher’s Stephen Rudman as head of Marine for Asia. Within the role, Rudman will be based in Singapore, where he will be part of Aon’s global marine executive team. He will also report to Paul Young - Head of Commercial Risk Solutions for Asia ... Read the full article
Global property cat rates-on-line up 27.5% at Jan 1 renewals: Guy Carpenter
10th February 2023
Global property catastrophe reinsurance rates-on-line increased by 27.5% at the January 1st, 2023, renewals, more than double the uplift seen a year earlier, as sellers of protection achieved steep price rises on contracts. The Guy Carpenter Global Property Catastrophe Rate-On-Line Index leverages data sourced from real, brokered excess-of-loss reinsurance placements, ... Read the full article