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.
McGill, Miller and Ardonagh join WBN
8th November 2022
McGill and Partners, Miller Insurance and Ardonagh Specialty Holdings (Bermuda) have become members of the Worldwide Broker Network (WBN). With these additions, the Network expands into the reinsurance and wholesale space. WBN also welcomes Unisure Group as an Employee Benefits sponsor, McAfee as an exclusive digital wellbeing partner, and the expansion of ... Read the full article
Marsh McLennan Agency acquires Focus Insurance
8th November 2022
Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Focus Insurance, a personal insurance brokerage firm based in Houston, Texas. All Focus employees, including Vice President at Focus Mickie Comiskey, will be joining Marsh McLennan Agency (MMA). Comiskey said, “Joining MMA is an opportunity for us to deliver even ... Read the full article
WTW brings Michael Holt back under its wing for new aerospace role
7th November 2022
WTW has said it has appointed Michael Holt to the role of associate director of client relationship management for aerospace. Holt is coming back into the WTW fold, re-joining the firm from McGill, where he served as Partner, Aviation and Aerospace since last February. Prior to McGill, Holt contributed to the growth ... Read the full article
WTW appoints Oliver Scarr to senior cargo role in Asia
7th November 2022
WTW has said that it is appointing Oliver Scarr to be its new head of cargo in Asia in its marine team within its corporate risk and broking business. The firm said in a statement that Scarr will be based in Singapore and report to Lewis Hart, head of marine Asia. ... Read the full article
Obsidian introduces PAR tool to be offered to MGAs, reinsurers & brokers
4th November 2022
Obsidian Insurance Group has announced the introduction of a Program Analytical Review (PAR) data analytics tool, that will be offered by Obsidian to its managing general agents (MGAs), reinsurers and reinsurance brokers. The level of detail and analysis that PAR provides will deliver keen insight into pricing, profitability, and loss trends ... Read the full article
Marsh McLennan Agency acquires Bradley Insurance
4th November 2022
Commercial insurance broker based in Tennessee, Bradley Insurance Agency, has been acquired by Marsh McLennan Agency (MMA), a subsidiary of Marsh. The terms of the acquisition have not been disclosed. According to the announcement, all Bradley Insurance employees will be joining MMA, including Kendall and Kevin Bradley who acquired the agency ... Read the full article
Canadian re/insurers turning to capital markets amid volatility: Aon
3rd November 2022
Analysts at Aon have reported that insurers and reinsurers in the Canadian market are increasingly to turning to the alternative capital markets to navigate challenging conditions. The broker notes that 2021 ended with positive results for the Canadian market, and profitable results for the global reinsurance market for the first time ... Read the full article
Liberty Specialty Markets names Martin Vince Head of Broker Management
3rd November 2022
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, has appointed Martin Vince to the role of Head of Broker Management, effective immediately. Within this role, Vince will report to Mark Stephenson, Head of Business Development and Market Relationships, and he will also be based in London. Vince ... Read the full article
Arthur J. Gallagher acquires M&T Insurance Agency
3rd November 2022
Re/insurance broking firm, Arthur J. Gallagher has completed its acquisition of Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation. Terms of the transaction were not disclosed. Last month the firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary ... Read the full article
Chedid Re launches brokerage services in France
3rd November 2022
Chedid Re has announced that its Paris office has received a license to conduct insurance and reinsurance brokerage activities in France, extending the network of Chedid Re Global Operations. Farid Chedid, Chairman and Group CEO of Chedid Capital, described the launch of Chedid Re in France as a “milestone in the ... Read the full article
Lockton hires Rechtern from Aon UK to lead A&H, Sports and Contingency
2nd November 2022
Insurance and reinsurance broker Lockton has hired Robert Rechtern, formerly of Aon UK, to be its new Head of Accident & Health (A&H), Sports and Contingency within its Wholesale Property & Casualty (P&C) segment, effective November 2nd, 2022. In his new role, Rechtern assumes responsibility for maintaining the growth of the ... Read the full article
Global cyber insurance pricing increases, outpacing other products: Marsh
2nd November 2022
In the first edition of its quarterly index that presents cyber data separately from financial and professional lines, Marsh has announced that cyber insurance pricing has increased again in Q3, outpacing other products. Cyber insurance pricing increased globally by 53% in Q3, while Property insurance pricing increased by 6%, Casualty insurance ... Read the full article
GGW joins Brokerslink network as new affiliate
1st November 2022
German broker Gossler, Gobert & Wolters (GGW) has joined global broking business, Brokerslink as an affiliate. In addition to the strong expertise in non-life insurance GGW is adding to the global Brokerslink network, its fully owned subsidiaries provide specialised broking services for credit insurance, pension, life insurance, employee benefit solutions and ... Read the full article
Marsh names Charles Sincock as ESG Strategy Leader in UK Advisory business
1st November 2022
Insurance broker and risk advisor, Marsh, has announced the appointment of Charles Sincock as ESG Strategy Leader within its UK Advisory business. Sincock joins Marsh from Capco where he was the global ESG delivery lead and UK ESG lead. He began his financial services career as an M&A banker at Dresdner ... Read the full article
Insurtech funding stable through ‘inflection point’ Q3: Gallagher Re
1st November 2022
New data from re/insurance broker Gallagher Re shows that $2.35 billion of global insurtech-sector investment was made in Q3 2022, which marked something of an “inflection point” for the space. The level of investment was in fact down 2.5% from Q2's total, but Gallagher Re notes that the headline figure masks ... Read the full article