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.
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
Gallagher Re hires Junaid Seria as Head of Cat Analytics, LatAm & Caribbean
10th February 2023
Reinsurance broker Gallagher Re has appointed Junaid Seria as Head of Catastrophe Analytics for the fast-growing Latin America and Caribbean markets, with immediate effect. Within the role, Seria will be based in London where he will harness Gallagher Re’s extensive catastrophe modelling and analytical expertise across its dedicated teams in London, ... Read the full article
Gallagher names Head of Natural Resources for MEA
9th February 2023
Re/insurance broker Gallagher has announced the appointment of Corey Tidey as Head of Natural Resources for the Middle East and Africa (MEA). Tidey joins Gallagher from Lockton Australia, having previously held roles with the Victorian Managed Insurance Authority (VMIA), Aon and Intech in both Asia and Europe. He brings experience in working ... Read the full article
Lockton appoints Head of Facilities & Binders to drive P&C Specialty division
9th February 2023
Insurance broker Lockton has appointed Michael James as Head of Facilities & Binders within its London Property & Casualty (P&C) Specialties division, effective immediately. Reporting to Adam Watson, Head of North American Property, James will be heavily involved in branching out the P&C Specialties’ binders and facilities business, focusing on strategic ... Read the full article
WTW reports organic revenue growth of 5% for the fourth quarter
9th February 2023
Global brokerage firm WTW has reported 5% organic revenue growth for the fourth quarter of 2022 to $2.72 billion, although net income for the period fell by 75%, year-on-year, to $593 million. For the full year 2022, WTW achieved 4% organic revenue growth to $8.866 billion, as net income for the ... Read the full article
COVID losses in APAC could strain A&H reinsurers: Gallagher Re
9th February 2023
Analysts at Gallagher Re have warned that new COVID-19-related losses emanating from the Asia-Pacific region may put a strain on first-tier accident and health (A&H) reinsurers through 2023. The broker expects that the majority of these losses will be contained locally, but it does believe that the Lloyd’s market is likely ... Read the full article
European property cat rates-on-line increased 30% at January renewals: Guy Carpenter
7th February 2023
Data from global reinsurance broker Guy Carpenter shows that property catastrophe rates-on-line in Continental Europe increased by 30% at the January 1st, 2023, renewals, marking the largest single rise since 2001. This is according to Guy Carpenter's Continental Europe Property Catastrophe Rate-On-Line Index, which shows that the average rate-on-line for ... Read the full article
Howden Tiger appoints Smith and Walsh to Casualty division
7th February 2023
Howden Tiger, the reinsurance arm of international re/insurance broker Howden Broking Group, has announced the appointment of Garrick Smith and Jim Walsh as Senior Brokers to its Casualty division. Based in North Carolina, Smith will focus on the Casualty and E&S Casualty space, while Walsh, based in Stamford, CT will focus ... Read the full article
Aon appoints Pedro Penalva as Head of Enterprise Clients in EMEA
7th February 2023
Leading global professional services firm, Aon plc has appointed Pedro Penalva as Head of Enterprise clients in Europe, Middle East & Africa (EMEA), effective immediately. Within this role, Penalva will be part of the Enterprise Client Group (ECG) Leadership Team. Penalva joined Aon in 2010. In his most recent role at the ... Read the full article
Aon Reinsurance Solutions bolsters Netherlands team with senior hires
7th February 2023
Aon’s Reinsurance Solutions has bolstered its Netherlands team with a series of senior hires. The firm has appointed Kareem Chin as account director, Lieve Decuypere as senior broker, and Jiske Rigter as senior actuary. As account director, Chin will take a lead role in servicing and expanding the Dutch and cross-border client ... Read the full article
Gallagher Re forecasts “inevitable” market adjustments amid inflation
6th February 2023
Analysts at reinsurance broker Gallagher Re have argued that market adjustments to ensure solvency for the re/insurance industry will be “inevitable” as the market looks to balance the continued effects of inflation, social inflation, elevated supply costs, and other variables. In its 2022 Natural Catastrophe report, Gallagher Re notes that nat ... Read the full article
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