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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.

THB places first risk with Global Health Risk Facility via Syndicate 1796

18th January 2021

Specialist re/insurance broker THB has placed the first risk with the newly launched Global Health Risk Facility (GHRF). A public-private collaboration developed by insurtech Parsyl, GHRF is designed to help protect and support the global distribution of critical health commodities, including existing and newly-emerging vaccines. THB was approached to put in place ... Read the full article

Simon Behagg takes over as Gallagher Re CEO

18th January 2021

Gallagher has announced the appointment of Simon Behagg as Chief Executive Officer (CEO) of its global reinsurance business, Gallagher Re. From February 2021, Behagg will take over the role from current CEO Rupert Swallow, who has headed Gallagher Re for the past seven years and was a founding partner of the ... Read the full article

Aon adds Jennifer Law to Asia Pacific Capital Advisory Unit

18th January 2021

Re/insurance broker Aon has added Jennifer Law to its Asia Pacific Capital Advisory unit, within Reinsurance Solutions. Law reports to Rupert Moore, Chief Executive Officer of Japan for Reinsurance Solutions. She will work with insurance clients across Asia Pacific on strategies designed to improve their capital through the utilisation of Aon’s products ... Read the full article

Howden to launch Australian broking operation

14th January 2021

International insurance broker Howden is entering a strategic partnership with insurance intermediary network Steadfast that will see the creation of an Australian broking operation. The partnership will also look to support Steadfast’s London Market broking requirements. Meanwhile, Howden in Australia will join Steadfast’s network - the country's largest general insurance platform - in ... Read the full article

Despite further losses, the ARA’s CR strengthened in Q3: Aon

13th January 2021

In an improvement from the end of the second-quarter, Aon's Reinsurance Aggregate (ARA) reported a net combined ratio of 102.9% for the first nine months of 2020, amid losses from both the COVID-19 pandemic and natural catastrophe events. When compared with the end of Q2, the ARA's reported net combined ... Read the full article

Howden Group invests $84mn to support reinsurance MGA Tamesis DUAL

13th January 2021

International brokerage Howden Group Holdings has completed its first underwriting capital investment, with an $84 million investment in support of DUAL Group's reinsurance arm, Tamesis DUAL Ltd. Capital was provided by Howden and a third party investor and the additional capacity has been in place since the start of January. DUAL, which ... Read the full article

Gallagher to acquire specialist UK broker Bollington

13th January 2021

Global insurance broker Arthur J. Gallagher & Co. has signed an agreement to acquire 100% of The Bollington Wilson Group, a specialist UK broker. Bollington was founded in 1973 and has divisions in SME, micro-SME and personal lines. The business will become part of Gallagher's UK Retail Division and its CEO will remain with ... Read the full article

Costero Brokers hires Freddie Tyler as Vice President

13th January 2021

Privately held London-based brokerage, Costero Brokers, has announced the appointment of Freddie Tyler as Vice President, effective January 4, 2021. Tyler's responsibilities will include growing the crisis management offerings including facultative, binder, treaty, and TRIA-wrap products. He has an extensive background in insurance, working in the industry for seven years. Most recently he ... Read the full article

McGill and Partners joins LIIBA

13th January 2021

The London and International Insurance Brokers’ Association (LIIBA) has announced that McGill and Partners has joined the association. Start-up specialist insurance and reinsurance broker, McGill and Partners, was launched in 2019 by insurance broking veteran, Steve McGill. Commenting on the broker's decision to join LIIBA, the associations Chief Executive, Chris Croft, ... Read the full article

Lloyd’s broker London Re launches in EU

12th January 2021

Reinsurance broker London Re, a new European Lloyd's broker, has been launched as a joint venture between Seventeen Group and MRH Trowe, an independent German broker. London Re will be based in Dusseldorf, Germany, with a branch office based in London. The start-up offers an independent broking solution for EU clients and ... Read the full article

Despite Q4 rebound, 2020 M&A activity fell to lowest level since GFC: WTW

12th January 2021

In spite of a rebound in the final quarter of the year, re/insurance broker Willis Towers Watson (WTW) reports that in 2020, global mergers and acquisitions (M&A) activity declined to its lowest level since the aftermath of the global financial crisis (GFC). The latest research on completed M&A deals from the ... Read the full article

Traditional reinsurer capital ended Q3 at new high of USD 533bn: Aon

12th January 2021

Global dedicated reinsurer capital rebounded to its pre-pandemic high of USD 625 billion by the end of Q3 2020, aided by continued capital market recovery and capital raises, reports insurance and reinsurance broker Aon. At the end of the third-quarter of 2020, traditional reinsurance capital reached a new high of USD ... Read the full article

Overall cat bond offerings at 1/1 continued to attract significant capital: GC

11th January 2021

Guy Carpenter analysts have reported that overall catastrophe bond offerings during the recent Janurary renewals continued to attract significant capital, while syndicated sidecar and collateralised reinsurance strategies experienced limited new inflows of capital. January 1 allocations were said to have been complicated by Covid-driven year-end loss reserve “buffering” and a high ... Read the full article

Gallagher’s Nigel Weyman outlines “challenging” aviation renewals

11th January 2021

Nigel Weyman, Aerospace Global Executive at re/insurance broker Gallagher has reported that aviation renewal negotiations were particularly challenging this year due to the impacts of the COVID-19 pandemic. Speaking as part of Gallagher’s Plane Talking Q4 edition, Weyman described the market as facing a “perfect storm” over 2020 as the coronavirus ... Read the full article

Demand sees New Dawn Risk launch dedicated UK division

11th January 2021

International specialist insurance broker, New Dawn Risk, has established a new unit dedicated to the UK marketplace which will mirror the company's existing offering for international businesses. According to New Dawn Risk, the launch comes as clients increasingly demand alternatives to big brokers. The company's UK market focused division will provide liability ... Read the full article

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