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.
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
BMS appoints Mike Duffy as Strategic Adviser to UK specialty business
20th December 2022
Specialist re/insurance broker BMS has appointed Mike Duffy as a strategic adviser to its UK specialty business. Duffy was appointed by Ian Gormley, UK CEO of BMS, and his appointment comes into effect in January 2023. Overall, Duffy brings more than 40 years of industry experience towards the role. Over the course ... Read the full article
Broadstreet appoints Michael O’Connor as CEO
20th December 2022
Insurance brokerage BroadStreet has appointed Michael O’Connor to the role of CEO following a decision from its board of directors. The firm said in a statement that O’Connor joined in June 2022 after twelve years at Aon where he had been co-president and served on that company’s executive committee. Rick Miley, executive ... Read the full article
WTW unveils new strategy in corporate risk and broking
20th December 2022
The North American Corporate Risk and Broking (CRB) division of WTW has launched a new strategy that looks to enhance its client proposition through aligning the entire value-chain of internal resources through industry specialisation. A statement from the firm said that the new strategy brings together all WTW’s North American CRB ... Read the full article
Aon names new Head of Articulating Value, Reinsurance Solutions
20th December 2022
Professional services firm Aon has appointed Paloma Quiroga Arias as Head of Articulating Value, Reinsurance Solutions. In this role, she will support Aon's long term global growth strategy, developing and tailoring value propositions that maximises the value that the firm delivers to its clients. Paloma has worked for Aon since 2013. In ... Read the full article
BMS expands London DUA & programme division with speciality hires
19th December 2022
Independent specialist re/insurance broker, BMS has expanded its London DUA and programme division with a number of speciality hires. The firm has appointed Richard Wynn as managing director of specialty classes for their London DUA and programmes division. Wynn, along with Phil Gander and Peter Nyonyintono, join BMS from Marsh to expand ... Read the full article
McGill appoints Stochmal as Partner – Fac Reinsurance
19th December 2022
Re/insurance broker McGill and Partners has appointed Erin Stochmal as Partner - Facultative Reinsurance. Based in Chicago, Stochmal joins McGill and Partners from CNA Insurance, where she held the role of Underwriting Consulting Director Umbrella & Excess Within that role, she was responsible for developing and driving strategy for Lead Umbrella and ... Read the full article
WTW names Director of Corporate Risk & Broking activities for France
19th December 2022
Brokerage, consulting and software solutions firm WTW has announced the appointment of Florence Tondu-Mélique as the new Managing Director of WTW in France and as Director of Corporate Risk & Broking for France. Tondu-Mélique will be tasked with deploying WTW’s transformation and investments plans in France, reporting to Anne Pullum, President ... Read the full article
AM Best notes a reversion in negative trends for Barents Re
16th December 2022
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Barents Re and its affiliate, Barents Re Lux. AM Best suggests that the revised outlooks reflect the reversion of the negative trend ... Read the full article
Cardiff City FC sues Miller for £10m after player death
16th December 2022
Specialist re/insurance broker Miller is facing a lawsuit from Cardiff City Football Club following the 2019 death of Argentinian player Emiliano Sala for an alleged breach of duty by the broker. The 28-year-old Sala died in a plane crash over the English Channel in January 2019 after completing a £15m transfer ... Read the full article
AXIS gets $605m loss portfolio transfer from RiverStone
16th December 2022
RiverStone International has announced that it has entered into loss portfolio transfer (LPT) reinsurance agreements with affiliates of AXIS Capital, which cover several of its professional lines and liability insurance portfolios, mostly in relation to 2019 and prior accident years. The transaction covers net reserves for losses and loss expenses of ... Read the full article
Smaller deals and slower pace drive the global 2023 M&A outlook: WTW
16th December 2022
Dealmaking in the global M&A market is expected to remain active in 2023 despite ongoing uncertainty and major headwinds, with recession fears triggering a ‘lipstick effect’ as larger deals fall out of favour, according to WTW. Recent research by the multinational insurance advisor company, showed buyers outperforming the wider market as ... Read the full article
WTW names Naheed Jaffer Director and Lead for PPCU Canada
15th December 2022
WTW, a global advisory, broking and solutions company, has announced the appointment of Naheed Jaffer as Director and Lead for Pricing, Product, Claims and Underwriting (PPCU) propositions in Canada, within the company’s Insurance Consulting and Technology (ICT) business. Jaffer will be based in Toronto and report to Nicolas Beaudoin, P&C Division ... Read the full article
Communication key as D&O market continues stabilisation: Gallagher
15th December 2022
The directors’ and officers’ insurance (D&O) market has continued a period of stabilisation over the last quarter, according to a recent report by insurance brokerage firm Gallagher. Analysts noted that, due to insurer competition, the record-high premiums seen in the previous two years have continued to decline. The challenges seen from a ... Read the full article
Arthur J. Gallagher acquires Aviation Insurance Australia
15th December 2022
Re/insurance broking firm Arthur J. Gallagher & Co have acquired Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insurance broker that serves aviation and aerospace clients throughout the country. The brokerage website says the firm manages all aircraft types ... Read the full article
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