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.
Guy Carpenter’s revenue up 8% during an ‘outstanding year’ for Marsh McLennan
26th January 2023
Insurance and reinsurance brokerage, Marsh McLennan, has today reported consolidated revenue of $5 billion for Q4 and $20.7 billion for the full-year 2022, supported by solid revenue growth at its reinsurance arm, Guy Carpenter. At $5 billion, consolidated revenue in the fourth quarter of 2022 actually declined by 2% when compared ... Read the full article
Acrisure Re expands fac division into Poland via Smartt Re deal
26th January 2023
Acrisure Re, the reinsurance division of global insurance broker and fintech platform Acrisure, has announced that its facultative team is set to expand into the Polish market via a preferred partnership broker agreement with Smartt Re. Headquartered in Warsaw, Poland, Smartt Re is the leading reinsurance broker in Poland and has ... Read the full article
ILS demand to be elevated throughout 2023: Aon
25th January 2023
Analysts at Aon have said they expect demand for all forms of alternative capital to remain elevated throughout 2023 as insurers and reinsurers look to mitigate both macro-economic and reinsurance market challenges. In a new report on January reinsurance market dynamics, the broker noted that ILS capital has become an “essential ... Read the full article
Bermuda re/insurers to see improved pricing & performance in 2023: Fitch
24th January 2023
Despite heightened catastrophe losses and economic uncertainty, Fitch Ratings expects improved underwriting performances for Bermuda re/insurers in 2023, driven mainly by accelerating premium rates, alongside a market reset in pricing, terms and conditions. The rating agency states that the underwriting performances of Bermuda re/insurers are positioned to improve as the aforementioned ... Read the full article
Aon names McKnight Managing Director for Structured Reinsurance
24th January 2023
Insurance and reinsurance broker, Aon has appointed Michael McKnight to the role of Managing Director, Structured Reinsurance. As an insurance executive with over three decades of industry experience, McKnight specialises in the areas of actuarial, risk management, claims and underwriting. He has spent most of his career in the Bermuda marketplace, and ... Read the full article
Brown & Brown sees big rise in revenues & income in Q4 results
24th January 2023
US broker firm Brown & Brown has reported revenues of $901.4 million for the fourth quarter of 2022, representing an increase of $162.9 million, or 22.1%, when compared to the same period last year. Notably, organic revenue totalled $764.7 million for Q4, up 7.8% from last year, but still remained lower ... Read the full article
Casualty market stable despite complications at renewals: Aon
24th January 2023
Relative to other reinsurance markets, the casualty market remains generally stable following the January renewals period, according to a recent report by re/insurance broker Aon. This is despite renewals being complicated by the demand-supply mismatch in property catastrophe. The quotation process was delayed and more involved than recent renewals, as reinsurers ... Read the full article
Peter Schmitz joins EPIC Aviation Practice
24th January 2023
EPIC Insurance Brokers and Consultants (EPIC), a retail property and casualty insurance brokerage and employee benefits consultant, has appointed Peter Schmitz as Senior Executive, Aviation Practice. Schmitz joins EPIC at a time when inflationary pressures and shifts in private and commercial flight create new priorities for the aviation industry, the firm ... Read the full article
Gallagher Re appoints Gammoh as Head of Capital Advisory & Modelling
23rd January 2023
Global reinsurance broker Gallagher Re has appointed Shireen Gammoh as Global Head of Capital Advisory & Modelling. Based in London, Gammoh joined Gallagher Re in 2021. In her most recent role at the firm, she served as Head of Strategic & Financial Advisory. Overall, she brings nearly 20 years of experience towards ... Read the full article
Aon’s Reinsurance Aggregate reports net combined ratio of 98.2% for 2022
23rd January 2023
Aon’s Reinsurance Aggregate (ARA), which analyses the financial results of 22 companies that underwrite more than 50% of the world’s life/non-life reinsurance premiums, has reported a net combined ratio across the companies of 98.2%. The ARA notes that most reinsurers continued to report strong property and casualty (P&C) premium growth in ... Read the full article
Howden Tiger announces creation of new broking division, Howden Tiger Fac
23rd January 2023
Howden Tiger has announced the creation of a new broking division, Howden Tiger Fac, which merges Facultative, Consortia, Facilities expertise and Specialty Reinsurance capabilities from across the newly combined business. Gordon Craig, who has been named President of Howden Tiger Fac, will lead the new division in London. Howden Tiger states that ... Read the full article
Gallagher appoints Aviva’s Piper as Head of Strategic Account Management
20th January 2023
Gallagher has announced that it has appointed Louise Piper as Head of Strategic Account Management, where she will report to Specialty CEO, Jonathan Turner. In the role, she will be responsible for the management of Gallagher’s offering to large multinational clients. She will also work alongside the specialist broking teams in ... Read the full article
WTW forecasts £60bn of DB de-risking throughout 2023
20th January 2023
According to WTW’s latest de-risking report, the defined benefit (DB) pensions de-risking market is expected to see one of its biggest years on record in 2023, with at least £40 billion in bulk annuity transactions, and £20 billion in longevity hedges expected to be completed. The broking and solutions company’s latest ... Read the full article
Marsh announces new leadership appointments in Europe
20th January 2023
Insurance broker and risk advisor Marsh, has announced three new leadership appointments in Europe. Nilay Ozden was named Leader of Marsh Specialty, Europe. Cristian Fugaciu and Artur Grzeskowiak were appointed co-CEOs, Central & Eastern Europe (CEE). Based in London, Ozden will report to Lucy Clarke, President, Marsh Specialty and Global Placement, ... Read the full article
Acrisure acquires Affinity Brokers
19th January 2023
Fintech leader, Acrisure has acquired Affinity Brokers Limited. The transaction is expected to close in the near term, pending FCA regulatory approvals. Founded in 2010 by Scott Meechan and Yvonne McKnight, Affinity is a commercial insurance broker based in Glasgow, Scotland. Over the years, the broker has grown and developed a well-established specialism ... Read the full article