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.
Global reinsurers driving premium growth so far in 2022: Gallagher Re
30th November 2022
Premium growth in the first nine months of 2022 has been driven by global reinsurers, says reinsurance broker Gallagher Re in a new analysis. The firm said that the (re)insurers it tracked reported YOY premium growth of 13% by Q3, but the strongest increases came from global reinsurers and reached 18.2%. It ... Read the full article
Marsh names Paul Knowles Global Head of PEMA
30th November 2022
Global insurance broker and risk advisor, Marsh has appointed Paul Knowles as Global Head of its Private Equity and M&A (PEMA) Practice, Marsh Specialty. Knowles is currently the Head of Marsh Specialty, Continental Europe. He will start his new role in January and will relocate from London to New York in ... Read the full article
WTW launches new geopolitical risk research programme
30th November 2022
WTW, the global advisory, broking, and solutions company, has announced the launch of a new geopolitical risk research programme to bring together world experts and build resilience against escalating threats. According to the announcement, this three-year programme will apply war-gaming and scenario planning to test the vulnerability of organisations to changing ... Read the full article
Aon hires Alex Wootton as EVP of global benefits division
30th November 2022
Aon has hired Alex Wootton as executive vice president of global benefits advisory and solutions. Wootton will focus on driving growth, best-in-class advisory support, thought leadership and innovation across a range of specialty health issues facing employers today. He reports to Dave Guilmette, chief executive officer of Aon’s Health Solutions. On LinkedIn, ... Read the full article
KKR invests in European insurance broker APRIL
30th November 2022
French insurance broker APRIL Group has announced it has signed a long-term strategic partnership with global investment firm KKR. KKR joins this “strategic” partnership as a majority shareholder. Details of the transaction have not been disclosed and it is yet to be approved. According to the announcement, by teaming up with KKR, ... Read the full article
Arthur J. Gallagher acquires P&C agency Bulen & Associates
30th November 2022
Re/insurance broking firm Arthur J. Gallagher & Co has announced the acquisition of California-based Bulen & Associates Insurance Services, Inc. Bulen & Associates is a retail property/casualty insurance agency serving commercial clients and individuals. It was founded in 1929 and is currently based in Murrieta, southern California. Agency Principal and Sales Manager Lisa ... Read the full article
Reinsurers face “generational opportunity,” if they can deploy: Howden’s Michelle To
29th November 2022
Michelle To, Head of Business Intelligence at international insurance broker Howden, has asserted that the current pricing environment presents “generational opportunities” for those reinsurers that are able to deploy capital efficiently. Speaking as part of a Q3 insurance and earnings update, To concluded that pricing dynamics are “creating a healthier forward ... Read the full article
Aon names two new leaders in Reinsurance Solutions APAC team
29th November 2022
Re/insurance broker Aon has named Robert De Souza and John Carroll to new roles within its Reinsurance Solutions Asia Pacific (APAC) team. Robert De Souza, who is currently Reinsurance Solutions’ CEO of Australia and New Zealand and chairman of APAC, will now become Reinsurance Solutions’ president of APAC. The firm states that ... Read the full article
Reinsurance market expected to cause Hull insurers difficulties at renewals: Gallagher
29th November 2022
According to the Divisional Director of Marine at Gallagher, Mike Ingham, the reinsurance market is expected to present Hull insurers with a new set of difficulties at the forthcoming January renewals. Ingham notes that the market is already suffering from large potential losses on Aviation War and War on Land policies. He ... Read the full article
Aon highlights how captives can drive positive ESG outcomes
29th November 2022
A recent Aon report has highlighted how using a captive insurance company can drive positive ESG outcomes, alongside how the UN Environment Program’s Principles for Sustainable Insurance can aid captive owners to address ESG risks and opportunities. Aon notes that despite variations on the traditional captive definition, all types of captives ... Read the full article
Howden CEO predicts $2bn of private-funded disaster insurance capacity over next five years
29th November 2022
A new article by David Howden, founder and CEO of the Howden Group, says that forecasts that $2bn of private funded disaster insurance capacity can be delivered in the next few years. Writing on LinkedIn, Howden said that he believes that this extra capacity can be delivered within the next three-to-five ... Read the full article
Aon hires Senior Marine Broker within Reinsurance Solutions division
28th November 2022
Re/insurance broker Aon has appointed Ronnie Tyler as a Senior Marine Broker in the firms Reinsurance Solutions division. Tyler joins Aon from Gallagher Re, where he previously served as a Divisional Director for just under four years. Prior to that role, he served as a marine and energy reinsurance broker for ... Read the full article
Miller makes three senior hires for Solicitors’ Professional Indemnity team
28th November 2022
Re/insurance broker Miller has announced three senior hires for its Solicitors’ Professional Indemnity (PI) team. Kerry Greenwood, Marianne McWilliams and Louise Chagas have all been appointed, and they will each report into Zarina Lawley, Head of Solicitor’s PI, and will lead the expansion of Miller’s offering beyond London into the North ... Read the full article
Marsh hires Billy Aldous as Vice President, Cyber
28th November 2022
Broker and risk advisory firm, Marsh, has appointed Billy Aldous as Vice President, Cyber. Aldous joins Marsh from McGill and Partners, where he served as a reinsurance broker. Prior to McGill and Partners, Aldous spent three years working at AIG, where he held the role of Assistant Ceded Reinsurance Manager, where he ... Read the full article
Changes to the market following Solvency II reforms will be a gradual process: Aon
28th November 2022
Following the UK Government's response to consultations over changes to Solvency II, re/insurance broker Aon has released a report highlighting the potential impact on the market, noting it will be a gradual process rather than an observable one as insurers change behaviours and optimise strategies. According to Aon, the primary legislative ... Read the full article
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