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.
Robert Perry named UK CEO, Credit Specialties, Marsh Specialty
19th January 2023
Insurance broker Marsh has appointed Robert Perry as UK Chief Executive Officer, Credit Specialties, Marsh Specialty. Perry takes on this new role in addition to his current role at Marsh as Global Political Risk & Structured Credit Leader. Based in London, Perry will report to Nick Robson - Global Leader, Credit Specialties, ... Read the full article
Rick Grimes named National Wholesale Practice Leader of One80 Intermediaries
19th January 2023
Specialty insurance broker One80 Intermediaries has appointed Rick Grimes as National Wholesale Practice Leader. In the role, Grimes will lead One80’s wholesale distribution strategy for key lines of business, which includes property, casualty, financial lines, excess, life sciences and environmental coverages. Prior to this appointment, Grimes served as Managing Director & Financial ... Read the full article
Global reinsurance capital down by $115bn to end of September 2022: Aon
18th January 2023
New data from insurance and reinsurance broker, Aon, finds that global reinsurance capital fell by 17%, or $115 billion, to $560 billion in the first nine months of 2022, as some of the world's largest re/insurance groups reported some significant declines in the period. According to Aon's January 1st, 2023, Reinsurance ... Read the full article
Dawn Rizzi named AVP of Broker Assumed Underwriting team at AmericanAg
18th January 2023
Global reinsurer AmericanAg has appointed Dawn Rizzi as Assistant Vice President – Underwriting/Marketing. Within this role, she will hold responsibility for underwriting a portion of the reinsurers Broker Assumed portfolio, including international treaty business in the UK, Latin America, and Central-Eastern Europe regions. Rizzi joins AmericanAg from EMC Reinsurance Company, where she ... Read the full article
Christopher Evans to build out Howden CAP capability in APAC
18th January 2023
International insurance broker, Howden has announced the appointment of Christopher Evans as Executive Director, Howden CAP. Based in Brisbane, Evans joins the new division as it builds out its geographical footprint, bringing expertise and new capabilities for the benefit of clients in Asia Pacific. According to the announcement, with this appointment, Howden ... Read the full article
BMS acquires Austbrokers Coast to Coast to boost Australian presence
18th January 2023
Independent specialist insurance and reinsurance broker, BMS has acquired Austbrokers Coast to Coast (C2C), the specialist Australian corporate, business, and retail broker. Terms of the transaction have not been disclosed. Founded in 1982, C2C is based in Burleigh Heads on the Gold Coast in Queensland. The firm specialises in transport, construction, hazardous goods, ... Read the full article
WTW names Tony Yen Head of Taiwan
17th January 2023
Broking and solutions company, WTW has appointed Tony Yen as Head of Taiwan. Yen succeeds Charles Wang who retired from the role in December 2022. Overall, Yen, who joined WTW in 2015, brings over 20 years of risk engineering, risk management and insurance broking experience towards his new role. In addition to his ... Read the full article
Miller appoints Claire Connolly as Head of M&A
16th January 2023
Independent specialist re/insurance broker Miller, has appointed Claire Connolly as Head of M&A, to support the firm’s continued growth ambitions. Within this role, she will report to Ben Speers - Chief Corporate & Legal Affairs Officer. Connolly brings significant experience in M&A, corporate development, and finance in the insurance industry, towards her ... Read the full article
WBN appoints Woods as Director of Data, Tech & Security
13th January 2023
The Worldwide Broker Network (WBN) has announced the appointment of Steven Woods as Global Director of Data, Technology and Security. At the same time, the WBN also announced the promotion of Liz Yovich to Director of Global Engagement and Employee Benefits, with both appointments effective immediately. Woods will be responsible for the ... Read the full article
Kuvare announces formation of new Bermuda-based reinsurer Kindley Re
12th January 2023
Technology-enabled financial services platform, Kuvare Holdings, has announced the formation of Bermuda-domiciled reinsurer, Kindley Re Ltd, which will co-invest at least $400 million with Kuvare in qualifying life insurance and annuity transactions. Kindley Re was formed in partnership with Davidson Kempner Capital Management LP, alongside Kuvare and its affiliates. Kuvare has stated ... Read the full article
WTW combines Asia & Australasia operations
12th January 2023
WTW has announced the combination of its Asia and Australasia operations into one Asia Pacific region, effective 1 January 2023. As part of the combination, former Head of Australasia Simon Weaver has taken on the new role as Head of Asia Pacific, with Clare Muhiudeen to retire as Head of Asia ... Read the full article
Howden completes acquisition of TigerRisk
12th January 2023
Howden Group Holdings has completed the acquisition of TigerRisk Partners (now Howden Tiger), with the firm stating, "Together, we are the world's fourth largest global reinsurance broker." Howden also suggested that following the acquisition, it has created the world’s largest programme, MGA and binding authority capability, which it calls Howden Tiger ... Read the full article
Reinsurers’ underwriting margins expected to improve in 2023, says Fitch
10th January 2023
Fitch Ratings has released a report suggesting that reinsurers' underwriting margins after retrocession will expand by 4 percentage points on average in 2023. The rating agency noted that the global reinsurance industry reached a tipping point during the January 2023 renewals, as their bargaining power with regard to their cedents moved ... Read the full article
WTW names Aon’s Gallina Head of Property Broking
10th January 2023
WTW, a global advisory, broking, and solutions company, has appointed Dominic Gallina as the Head of Property Broking - Real Estate, Hospitality, and Leisure within North American Corporate Risk and Broking (CRB). In this new role Gallina will lead North America’s efforts to deliver custom, analytically driven property solutions for clients ... Read the full article
Ardonagh Specialty joins Brokerslink network
10th January 2023
Global broking company, Brokerslink, has announced that Ardonagh Specialty has joined its international network. The move brings the entire Ardonagh Specialty business into Brokerslink as partners, including brands Price Forbes, Bishopsgate, Compass London Markets, Besso, and Inver Re. Three businesses within Ardonagh Specialty, Ed Broking, Ed Bermuda and Piiq Risk Partners, are ... Read the full article