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.
WTW appoints Oyin Heath as Managing Director for aerospace unit
25th October 2022
WTW Global Aerospace, part of the international insurance and reinsurance broker, has announced that Oyin Heath will be joining its team as Managing Director. The firm states that in the new role, Heath will be focused on driving growth and continuing to bring innovative, market-leading solutions and best-in-class service to the ... Read the full article
Guy Carpenter working to bring new capacity to property cat market for 2023: Klisura
24th October 2022
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, said last week that the firm has been working for some time to bring additional capital and interest into the catastrophe market for next year. As we wrote previously, Guy Carpenter is really starting to see the ... Read the full article
Reinsurance demand continues to rise ahead of Jan renewals, say industry leaders
24th October 2022
Executives and leaders from across the insurance and reinsurance sectors are seeing strong demand for protection and have called on the industry to work to leverage its strengths in such a demanding marketplace. At the 2022 meeting of the reinsurance industry in Baden-Baden, senior industry leaders discussed how the insurance and ... Read the full article
WTW hires Robert Lasovski as Head of P&C for Australasia
24th October 2022
WTW has appointed Robert Lasovski as Head of property & casualty (P&C) for its Corporate Risk & Broking (CRB) business in Australasia. Based in Sydney, Lasovski joins WTW from Marsh McLennan in Australia where he was the National Corporate & Commercial Leader. Overall, Lasovski brings 29 years of extensive experience in P&C ... Read the full article
WTW names Michael Machin Head of Broking for FINEX North America
21st October 2022
Global advisory, broking and solutions company, WTW, has announced the appointment of Michael Machin as Head of Broking for FINEX North America, Corporate Risk & Broking (CRB). Machin will also join the FINEX NA leadership team and partner with the FINEX segment leaders to advance strategic priorities for the business. In his ... Read the full article
Inver Re names Chris Carney as Head of Commercial Operations
20th October 2022
Inver Re, The Ardonagh Group’s reinsurance broker, has announced the appointment of Chris Carney to the new role of Head of Commercial Operations. Carney holds over three decades of insurance experience, including time spent at Marsh UK as COO of the Markets Division, and at Willis UK as Executive Director of ... Read the full article
Guy Carpenter’s Q3 revenue up 7% as Marsh McLennan reports solid set of results
20th October 2022
Global brokerage Marsh McLennan (MMC) has reported a solid set of results for the third quarter of 2022, supported by underlying revenue growth of 7% at its reinsurance arm, Guy Carpenter. Across the business, MMC's consolidated revenue in Q3 2022 increased by 4%, or 8% on an underlying basis to $4.8 ... Read the full article
Guy Carpenter expands delegated authority capabilities, adds new hires
19th October 2022
Reinsurance broker, Guy Carpenter has announced it has expanded its capabilities in the delegated authority arena. It is welcoming three new members to its GC Access team and forming a new collaboration with Guy Carpenter’s Ratings Advisory Service. Bryan Willingham joins as Managing Director and Co-Head of the Southwest Region. He ... Read the full article
Howden names Mike Godfrey as Head of Equine division
19th October 2022
Insurance broker, Howden has appointed Mike Godfrey as Executive Director and Head of its Equine division, part of its Sports & Entertainment practice. Godfrey will commence employment at Howden subject to completion of his contractual obligations. Within this role, he will be based in London and will report to Duncan Fraser, Global ... Read the full article
Lockton Re appoints Oliver Brew as Cyber Practice Leader, London
18th October 2022
Global insurance broker Lockton’s dedicated reinsurance division, Lockton Re, has appointed Oliver Brew in a new role as Cyber Practice Leader in London. Brew brings more than 20 years of industry experience towards the role. He joins from CyberCube where he most recently served as Head of Client Success as part ... Read the full article
P&C underwriting profit rises, but net income falls significantly in H1 for Aon’s cohort of reinsurers
17th October 2022
The latest edition of Aon's Reinsurance Aggregate (ARA) reveals that gross and net property and casualty (P&C) re/insurance premiums, as well as underwriting profit, increased for the group of re/insurers in the broker's universe in H1 2022. However, a dramatic fall in net income in the period, coupled with the ... Read the full article
Berkshire’s acquisition of Alleghany to close this week after receipt of regulatory approvals
17th October 2022
All regulatory approvals relating to the proposed acquisition of Alleghany Corporation by Berkshire Hathaway have now been received. The deal is expected to complete on October 19th, 2022, subject to the satisfaction of customary closing conditions. It was first announced in March that Warren Buffett's insurance and reinsurance firm had ... Read the full article
Airline insurance conditions stable despite ongoing uncertainty: Gallagher
17th October 2022
According to re/insurance broker Gallagher, airline insurance conditions remain relatively stable despite the ongoing uncertainty around losses and other notable challenges. The firm adds that there are no immediate indications that there will be any drastic change in the market trend, at least in the remaining months of 2022. In its report, ... Read the full article
Lockton launches new custody insurance facility for digital asset clients
14th October 2022
Independent insurance brokerage Lockton, has launched a new industry-leading custody insurance facility available exclusively to its digital asset clients. Developed by Lockton's Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers, the facility is supported by Lloyd's syndicates, together with highly rated insurance companies. The facility will be able ... Read the full article
AssuredPartners acquires Quest Benefits, Inc.
14th October 2022
Broker, AssuredPartners, Inc. has announced that it has acquired Quest Benefits, Inc. Located in Chantilly, VA, Quest is now the 23rd acquisition completed by AssuredPartners so far in 2022. In a press release, it notes that the team will remain under the leadership of President, Sami Satouri. “Quest Insurance was thrilled to celebrate ... Read the full article