Reinsurance 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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
