Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broking market developments, 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.
Brown & Brown recruits Robert Mathis as Chief Legal Officer
11th April 2023
Insurance brokerage Brown & Brown has announced the appointment of Robert Mathis as Chief Legal Officer and as a member of its senior leadership team. Before joining Brown & Brown, Mathis served as a Senior Vice President for KBR, where he had direct responsibility in the global energy, technology and international ... Read the full article
Aon names Daniel Rees Director of US Flood Model Development
11th April 2023
Global professional services firm Aon has announced the appointment of Daniel Rees as Director of US Flood Model Development. Rees joins from Verisk, where he has spent the previous five years serving as a Senior Scientist. In this role, he has helped to integrate AIR Worldwide’s US Hurricane and US Inland Flood ... Read the full article
SRCC risks elevated globally with claims rivalling nat cats in some parts: Howden
11th April 2023
Risks related to strikes, riots and civil commotion (SRCC) have become elevated in advanced and emerging economies, with insured losses from these events in certain hot spots now comparable to major natural catastrophes, according to insurance and reinsurance broker Howden. Growing discontent across the globe linked to inequality, the cost of ... Read the full article
Brown & Brown names Michael Vaughan chief data officer
11th April 2023
Insurance brokerage firm Brown & Brown has appointed Michael Vaughan as chief data officer. Vaughan is adept in the data field, having most recently served as a senior vice president in the analytics data platform delivery and data strategy and architecture divisions of Truist. He holds a Bachelor of Science from Appalachian ... Read the full article
Acrisure enters Central and Eastern Europe with acquisition of Unlink Group
5th April 2023
Global insurance broker and Fintech leader, Acrisure, has announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. By completing this acquisition, Acrisure will obtain over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova, as well as clients within ... Read the full article
After years of one step forward one step back, we seem to have got there: Shea, Gallagher Re
5th April 2023
As the underlying return on equity (ROE) surpasses the reinsurance industry’s cost of capital for the first time in a decade, it gives a sense of direction of the way forward and the level of profitability the sector has now reached, according to Brian Shea, Global Head of Strategic & ... Read the full article
Reinsurer capital down 12% in 2022, but underlying ROE improves: Gallagher Re
5th April 2023
New analysis from Gallagher Re, the global reinsurance broker, shows that total, dedicated reinsurance capital fell by 12% from the end of 2021 to $638 billion as at the end of December 2022, driven by a decline in the value of investments. The broker's latest reinsurance market report tracks the capital ... Read the full article
Oneglobal Broking makes string of senior promotions to boost expansion
4th April 2023
Oneglobal Broking has announced a host of changes to its senior leadership team, including the promotions of Roger Spicer to CEO, Global Specialty, Sirikit Oh to CEO, OGB Asia, and Phil Gingell to Chairman and CEO, US Aviation. Each of these will report to Mike Reynolds, Group CEO of Oneglobal, who ... Read the full article
Tide lifting all boats across reinsurance market: Gallagher Re’s Vickers
4th April 2023
Reflecting on the April renewals, James Vickers, Chairman International, Reinsurance at Gallagher Re, says “the tide is lifting all boats” across the reinsurance market as improved conditions were maintained from the earlier January period and swept across even the smaller markets. Gallagher Re’s 1st View report concludes that the 1/4 ... Read the full article
Aon optimistic after orderly April 1st reinsurance renewals
4th April 2023
The supply / demand imbalance in the property catastrophe reinsurance market seen at January 1st showed signs of easing at the April 1st renewals, leading broker Aon to be optimistic that the market is "now on a more stable footing following a turbulent 1/1". Aon has released its April Reinsurance Market ... Read the full article
WTW expands Life ICT practice with two senior hires
4th April 2023
Global brokerage WTW has announced the addition of two senior directors, Alan Routhenstein and Noel Harewood, to its Life Insurance Consulting and Technology business within the firm’s Insurance Consulting and Technology (ICT) operation. Both appointments reflect ICT’s ongoing commitment to deepen its expertise and technical knowledge, which ultimately helps to strengthen ... Read the full article
Supply/demand dynamic remains “delicately poised”: Gallagher Re
3rd April 2023
Analysts at Gallagher Re have warned that the overall reinsurance supply/demand dynamic remains “delicately poised,” as sufficient capital was available to meet client needs during the April renewals, but could prove more constrained in other markets going forward. Writing in Gallagher Re’s 1st View report on the 1/4 renewal, Global CEO ... Read the full article
80% of insurers planning for significant growth within sustainable energy, Howden’s survey finds
30th March 2023
A recent survey conducted by international insurance broker Howden, shows that 80% of insurers are planning to achieve significant growth within sustainable energy throughout 2023, with an average planned GWP growth of 13% across respondents. The broker’s annual London Market Appetite Survey assesses the underwriting appetite by line of business and ... Read the full article
Jennifer Wilson to lead Newfront’s Cyber practice
30th March 2023
Newfront, the tech-driven insurance brokerage firm, has announced the appointment of Jennifer Wilson as the new Head of Cyber. In her new Boston-based role, Wilson will lead cyber coverage negotiation and claims advocacy at Newfront. She will report to Deirdre Finn, Head of Executive Risk. She is joined by Michele Lepper, Jennifer ... Read the full article
Marsh McLennan adds two new members to Board
29th March 2023
The Board of Directors of Marsh McLennan, a leading professional services firm, has appointed both Judith Hartmann and Ray G. Young as directors, effective immediately. Following these appointments, the company’s Board now consists of 15 directors. In her most previous role, Hartmann served as Deputy CEO and Chief Financial Officer of ENGIE, ... Read the full article
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