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.
Insurers should adjust for current high-inflation environment: WTW
5th December 2022
A new note from WTW suggests that insurers should look at their reserving, investment, and pricing strategies, alongside their approach to portfolio management, in order to best place themselves in the current high-inflation environment. The article, ‘What does inflation mean for the insurance market?’, published on the WTW site, says that ... Read the full article
Marsh McLennan Agency acquires McDonald Zaring Insurance
5th December 2022
Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of McDonald Zaring Insurance (MZI), a US full-service agency located in Walla Walla, Washington. Terms of the acquisition were not disclosed. Founded in 1932, McDonald Zaring Insurance serves individuals and businesses across various industries and sizes, including agri-business, wineries, financial ... Read the full article
Allianz Commercial launches new model to support independent brokers
5th December 2022
Allianz Commercial has announced the launch of a new model to provide a consistent and tailored approach to broker relationships. In the new model, brokers will be segmented into three tiers - identified as Broker Partners, Prime Partners or Strategic Partners - and each will receive a unique package of support. Each ... Read the full article
Worldwide Broker Network hires Gyulaffyova as Global Network Coordinator
2nd December 2022
The Worldwide Broker Network (WBN), the world’s largest network of independent insurance brokers and employee benefits consultants, has appointed Alzbeta Gyulaffyova as Global Network Coordinator. Gyulaffyova, who will report to Global Operations, will help strengthen WBN’s leadership team, and add another level of dedication to the culture of care provided by ... Read the full article
TigerRisk warns of inconsistent climate conclusions from cat model indexing
2nd December 2022
Analysts at re/insurance risk, capital and strategic advisor TigerRisk Partners have warned that methods of indexing in catastrophe models can skew perspectives on recent loss trends and lead to “inconsistent conclusions” when it comes to the impact of climate change. In a recent report, the broker noted that there has been ... Read the full article
Aon hires John Morley as APAC growth leader in strategy & tech team
2nd December 2022
Aon has hired John Morley to be its Asia Pacific growth leader in its strategy and technology team. Morley’s role will become effective on 5 December and is joining the firm from EY, where he was an insurance consulting partner, having previously held roles at Accenture, KPMG, and Willis Towers Watson. He ... Read the full article
Howden & Fidelis study shows ESG ratings lead to improved underwriting
2nd December 2022
A joint study between international insurance broker, Howden and leading specialty insurer and reinsurer, Fidelis, shows that higher ESG ratings lead to better underwriting performance. The study of loss ratios across 30,000 policies from both Howden and Fidelis’ datasets, comprising a premium value of around $9 billion against third party ESG ... Read the full article
Howden completes acquisition of AlphaXO Risk Partners
2nd December 2022
Insurance broker Howden has increased its shareholding to 100% in AlphaXO Risk Partners (AlphaXO), a specialty insurance broker headquartered in Sydney. AlphaXO’s leadership will remain unchanged, with Andrew Glover continuing to serve in his role as Managing Director. Established in 2007, AlphaXO is one of the Pacific region’s foremost specialist insurance broking ... Read the full article
Miller adds Choo Cai Ling to Asia marine team
2nd December 2022
Specialist re/insurance broker Miller has announced the appointment of Choo Cai Ling in a production and broking role, joining its Singapore based Marine team. She will begin the role on 1 December 2022 and report into Nick King, Head of Marine (Singapore). Cai Ling brings 15 years of specialised Marine underwriting and ... Read the full article
Gallagher Re adds EVP Scott Fest from FedNat
1st December 2022
Gallagher Re, the global reinsurance broking and advisory firm, has added Scott Fest as an Executive Vice President (EVP) to its team in Tampa, Florida. The role will see him focus predominantly on SE property carriers, with additional expertise in Workers Comp and Auto carriers, Gallagher Re said. Fest joins the broker ... Read the full article
AssuredPartners acquires Alpine Insurance Associates
1st December 2022
Insurance broker, AssuredPartners, has acquired Alpine Insurance Associates, located in Reno, NV. Alpine’s team will remain under the operational leadership of President, Chris Gonfiantini and Vice President, Ryan Garaventa. Gonfiantini, commented: “In addition to Alpine’s cutting-edge products and competitive pricing, building honest relationships has always remained at the forefront of what we ... Read the full article
Aon appoints head of transaction solutions for Sub-Saharan Africa
1st December 2022
Aon has appointed Maakopi Reason Maredi as head of transaction solutions for the Sub-Saharan Africa region. The firm said in a statement that Reason will be based in Johannesburg and joins the firm from Webber Wentzel, where she was a corporate partner and gained broad corporate and commercial transactional experience. Prior to ... Read the full article
Owners of re/insurance broker BMS said to be considering £600m sale
30th November 2022
Reports suggest that investment firms British Columbia Investment Management Corp. (BCI) and Preservation Capital Partners are mulling the sale of global insurance and reinsurance broker BMS Group. According to a Bloomberg report, citing people familiar with the matter, a sale of BMS could value the broker at more than £600 million ... Read the full article
Amwins acquires wholesale business from Franklin Street
30th November 2022
Amwins, a global distributor of specialty insurance products and services, has purchased Arena Special Risks' wholesale business from commercial real estate and retail insurance firm Franklin Street. Both Amwins and Franklin Street have a long-standing relationship and both company’s recognise the exciting growth opportunity that exists for this wholesale property business on a ... Read the full article
Acrisure appoints Boyd as active underwriter for Flux Syndicate at Lloyd’s
30th November 2022
Global insurance broker and fintech platform, Acrisure, has appointed Richard Boyd as active underwriter for Flux Syndicate at Lloyd's. Boyd joins Acrisure from Allianz Risk Transfer (ART), having begun his career there in London in 2005, and moving to ART Bermuda in 2008. Boyd subsequently became head of insurance-linked markets at the ... Read the full article