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.
Relation names Timothy Hall as President
30th December 2022
US insurance brokerage Relation Insurance Services has announced the promotion of Timothy J. Hall to the position of President. In his new role, Hall will be responsible for strategic growth initiatives, performance management, carrier management/broking, information technology, human resources, and legal. He will also continue to oversee Relation’s corporate development, acquisitions, and ... Read the full article
Reinsurers at crossroads after difficult Jan 1 renewals: Guy Carpenter
30th December 2022
The reinsurance sector now finds itself at a “crossroad,” according to analysts at Guy Carpenter, following one of the most challenging renewal periods ever experienced at January 1. In a report on the crucial renewal period, Guy Carpenter – a global risk and reinsurance specialist and a business of Marsh McLennan ... Read the full article
Arthur J. Gallagher acquires Brazil-based Interbrok Group
29th December 2022
Arthur J. Gallagher & Co. has announced the acquisition of São Paulo, Brazil-based Interbrok Group for an undisclosed price. Interbrok Group is a retail insurance broker founded in 1976, which offers a variety of commercial and personal insurance products and services to clients throughout Brazil. Following the acquisition, Angeles de Magalhães, Anselmo ... Read the full article
2023 set to be hardest property reinsurance market in history: Argo’s Snyder
23rd December 2022
Jessica Snyder, President, US Insurance, Argo Group, suggests that there will be an unprecedented hardening of the reinsurance markets across property and casualty lines in 2023, with ceding commissions down 2-4 points and perhaps the "hardest property reinsurance market in history." Further, Snyder notes that the evolving risk landscape will persist ... Read the full article
PartnerRe to target niche areas in direct lines expansion: CEO Bonneau
23rd December 2022
PartnerRe CEO, Jacques Bonneau, has suggested that while the firm remains a reinsurance-focused operation, its recently announced expanded direct insurance presence will provide opportunities to source and write risks that may not be available to it as a reinsurer and will complement its overall portfolio. As part of a strategic review ... Read the full article
BMS valued at £1.75bn after investment from Eurazeo
23rd December 2022
Up to 34% of BMS Group’s share capital is to be acquired by French investment company Eurazeo, which together with an investment in the re/insurance broker of up to £355 million, takes its valuation to £1.75 billion. Eurazeo and its affiliates will join BMS alongside its existing shareholders British Columbia ... Read the full article
WTW report finds US commercial insurance prices up YOY
23rd December 2022
A new survey from WTW has found that prices for US commercial insurance increased again during the third quarter of the year. A statement from the firm said that it had compared prices charged on policies underwritten during Q3 2022 to those charged for the same coverage during Q3 2021. The aggregated ... Read the full article
Marsh names Siân French as Head of Coverage for Global Placement
23rd December 2022
Global insurance broker and risk advisor Marsh has announced the appointment of Siân French as Global Head of Coverage for Global Placement. Effective January 1, 2023, she will take up the new position, working closely with insurance partners to negotiate and provide consistent coverage and claims outcomes for clients. French has worked ... Read the full article
Howden acquires TV & film broker Assimovie in Italy
23rd December 2022
International insurance broker Howden has announced plans to acquire Assimovie, a television, film and advertising insurance broker in Italy. The acquisition will make Howden the largest TV and Film production broking house in Italy and represents its ambition to expand its Sport and Entertainment operations in Europe. Founded in 2013 by Valeria ... Read the full article
Arthur J. Gallagher acquires BCHR Holdings for $660m
22nd December 2022
Arthur J. Gallagher & Co. has announced an agreement to acquire the partnership interests of BCHR Holdings, known as Buck, in the firm's largest HR benefits acquisition to date, valued at $660 million. Buck is a leading provider of retirement, HR and employee benefits consulting and administration services, primarily serving customers ... Read the full article
FG announces reinsurance sidecar to bolster portfolio growth
21st December 2022
Reinsurance and financial management holding company FG Financial Group has announced that its reinsurance subsidiary, FGRe, has formed a reinsurance sidecar, FG Re Investors I LLC, to provide collateralised capacity to support its growing reinsurance portfolio. According to the firm, the new reinsurance sidecar intends to raise third-party investor capital to ... Read the full article
PartnerRe to expand into direct insurance through MGA relationships in the US
21st December 2022
Global reinsurer PartnerRe is planning an expansion into direct lines of insurance program business through MGA relationships in the United States. PartnerRe has secured an AM Best rating for its Bermuda entity PartnerRe Insurance Solutions Bermuda Ltd. AM Best assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Credit Rating ... Read the full article
Gallagher Re announces two new appointment to Netherlands office
21st December 2022
Global reinsurance broker Gallagher Re, is strengthening its Netherlands team with the appointments of Bob Reichenfeld as Managing Director of the Netherlands, and Jord Westerloo as Divisional Director, with effect from January 2, 2023. As Head of the Dutch office, Reichenfeld will succeed Chairman Gerrit Van Emst who is preparing to ... Read the full article
Challenges & opportunities ahead for Florida market: Aon’s Dittman
20th December 2022
According to Chris Dittman, Head of Florida Strategy for Aon’s Reinsurance Solutions, the state's reinsurance market is in a period of uncertainty as macroeconomic volatility and changing loss trends alter the supply and demand dynamic, however, he suggests there are still opportunities to achieve favourable outcomes at the upcoming renewals. In ... Read the full article
Lloyds’ Tom Haddrill joins WTW as Head of Broking for CEEMEA region
20th December 2022
Broking and solutions company WTW has appointed Tom Haddrill as Regional Head of Broking for Central and Eastern Europe, Middle East and Africa (CEEMEA). Haddrill starts his new role February 20, 2023 and he will be based in London. In this role he will hold responsibility for driving growth and developing strategic ... Read the full article
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