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.
US commercial prices up 4.8% through Q4: WTW
13th March 2023
US commercial insurance prices rose again in the fourth quarter of 2022, according to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), with the aggregate commercial price change measured at 4.8%. The survey compared prices charged on policies underwritten during the fourth quarter of 2022 with those charged for the same coverage ... Read the full article
Lockton names Kevin Haas Senior VP for Pittsburgh & Cleveland markets
13th March 2023
Global insurance broker Lockton has named Kevin Haas as Senior Vice President and Unit Manager for the Pittsburgh and Cleveland markets. Haas holds over two decades of experience in the insurance industry, having most recently served as SVP, Corporate Accounts Leader at Marsh. It was at Marsh where he began his work ... Read the full article
“Increase in capacity within the CPRI market denotes its stability”: WTW’s Coffin
13th March 2023
The credit and political risk insurance market (CPRI) remains resilient with record capacity amidst global political and economic uncertainty, according to a survey by global advisory, broking, and solutions company, WTW. Fifty-eight insurers across Lloyd’s and company markets participated in the survey titled: The Credit and Political Risk Insurance Capacity Survey ... Read the full article
Ryan Specialty promotes Michael VanAcker to EVP of RT Specialty
13th March 2023
Global specialty insurer Ryan Specialty has promoted Michael VanAcker to Executive Vice President of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty, effective immediately. In the role, VanAcker will work closely with Tim Turner, Chairman & Chief Executive Officer of RT Specialty, Ed McCormack, President of RT Specialty, as ... Read the full article
Lockton launches proprietary workers’ compensation consulting process
10th March 2023
Insurance brokerage Lockton has announced the launch of Lockton 360, a proprietary workers' compensation consulting framework. The service is designed to help employers address one of their most important and potentially costly risks. Typically, workers’ compensation losses are one of the largest controllable expenses that any organisation can face. The losses can ... Read the full article
Säkra, EBM, Protec & Horsell Duffy Langley join WBN
10th March 2023
The Worldwide Broker Network (WBN) has announced that Säkra, EBM, Protec and Horsell Duffy Langley (HDL) have joined as members. WBN has also welcomed International Medical Group and Sompo International as new sponsors, in addition to the membership expansion of Pacific Prime into China and the United Arab Emirates. Olga Collins, CEO ... Read the full article
Gallagher Re acquires WTW India treaty reinsurance operation
9th March 2023
Reinsurance broker Gallagher Re is set to expand its operations in India with the creation of a single treaty reinsurance team that will be led by Vinod Krishnan, following an agreement to acquire the treaty reinsurance broking operations of Willis Towers Watson India Insurance Brokers Private Limited (WTW India). The reinsurance ... Read the full article
Bermuda-based reinsurance broker ReFlex Solutions launches
8th March 2023
Industry veteran Neville Ching has launched ReFlex Solutions Ltd, an independent reinsurance brokerage with operations in Bermuda and plans for expansion into London and the USA. Ching, CEO and Founder of ReFlex, commented, “ReFlex has been a year in the workshop, and I am delighted to be opening this new venture. "In this ... Read the full article
Howden Tiger hires Jani to lead treaty reinsurance team in Middle East, Africa & India
8th March 2023
Howden Tiger, the reinsurance arm of international re/insurance broker Howden, has appointed Minesh Jani to lead its Treaty Reinsurance team in the Middle East, Africa & India region. In the role, Jani will hold responsibility for growing Howden Tiger’s international platform within the Middle East, Africa & India, with a particular ... Read the full article
David Porter joins Miller’s Bermuda office as Account Executive
7th March 2023
Specialist re/insurance broker, Miller Insurance Services LLP, has appointed David Porter as Account Executive within its Bermuda office. Based in Bermuda, Porter brings nearly 20 years of industry experience towards his new role, having held multiple leadership roles across various companies. He began his career in 2005 working at Everest Reinsurance Company, ... Read the full article
Aon appoints Nolwandle Mgoqi as CEO for South Africa
6th March 2023
Global professional services firm Aon has announced the appointment of Nolwandle Mgoqi as Chief Executive Officer (CEO) for South Africa, effective today. Before joining Aon, Mgoqi held various executive roles in the financial services sector, including most recently as Chief Executive of Standard Insurance Limited and as Head of Insurance for ... Read the full article
Gallagher Re acquires London market binder broker, Bay Risk
6th March 2023
Reinsurance broker Gallagher Re, has announced that it has acquired the business and assets of Bay Risk Services Limited, a member of the Optio Group, for an undisclosed sum. Established in 2016 as a London-based, independent Lloyd’s broker, Bay Risk specialises in structuring and placing contracts of delegated underwriting authority and, ... Read the full article
CyberCube launches add on module for Broking Manager SaaS solution
6th March 2023
Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager, the firms Software-as-a-Service (SaaS) solution designed specifically for insurance brokers. The firm explained that the add-on module, when paired with Broking Manager will help improve a broker’s overall ability to prepare ... Read the full article
Howden acquires entertainment broker Franz Gossler
6th March 2023
International insurance broker Howden has acquired Germany's Franz Gossler Insurance Group to bolster its position as a leading sport, film and entertainment broker in Europe. Franz Gossler Insurance Group was founded in 1970 and is an owner-managed company specialising in the field of entertainment, film, event and advertising insurance. The transaction was ... Read the full article
Howden drives UK footprint through acquisition of Reich
3rd March 2023
Insurance broker Howden has announced the acquisition of Reich Insurance Group. Reich is a £100 million GWP business, headquartered in Manchester. The firm serves a variety of UK and international clients, and has over 140 employees. The company is led by Simon Taylor and Danny Lopian. Reich offers a full spectrum of ... Read the full article
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