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 confirms return to treaty reinsurance broking market via Bain Capital joint venture
3rd December 2024
Global insurance brokerage WTW has confirmed its intention to re-enter the treaty reinsurance broking market via a joint venture with private investment firm, Bain Capital, with WTW set to hold a minority share in the new company. At its 2024 Investor Day later today, WTW will outline its growth and value ... Read the full article
9M’24 insured natural catastrophe losses above average at $102bn: Aon
28th October 2024
Global broking group Aon estimates insurance industry losses from natural catastrophe events in the first nine months of 2024 of at least $102 billion, with the impacts of hurricane Milton and additional events expected in the rest of the year poised to push annual insured losses above the $125 billion ... Read the full article
Rare Earth unveils wholesale insurance broker in mainland China
28th October 2024
Rare Earth Insurance Partners Shanghai (Rare Earth Shanghai), member of the +8 Partners ecosystem, has officially launched in mainland China as the first independent wholesale insurance broker in the territory. The company, which is led by industry veterans Wang Wei and Mark Gu, will reportedly provide expertise and competitive commercial insurance products ... Read the full article
Ageas in talks to acquire Saga’s underwriting unit and form UK broking partnership
11th October 2024
International insurance group Ageas has confirmed that it has entered into exclusive negotiations to ink two major deals with Saga plc, a UK specialist provider of products and services to people aged over 50. The proposed transaction would see both organisations establish a 20-year partnership for the distribution of personal lines ... Read the full article
Mahindra Insurance Brokers establishes reinsurance arm in Dubai (DIFC)
3rd October 2024
The insurance broking arm of India's Mahindra Finance, Mahindra Insurance Brokers Ltd (MIBL), is looking to enhance its reinsurance services across the Middle East and Africa with the launch of its reinsurance division in Dubai's International Finance Centre (DIFC). Mahindra Finance is a large Indian non-banking finance company, and MIBL is ... Read the full article
WTW to sell TRANZACT to GTCR & Recognize in $632.4m transaction
1st October 2024
WTW, the global insurance broker, has entered into a definitive agreement to sell its TRANZACT direct-to-consumer insurance distribution business to GTCR, a private equity firm, and Recognize, a technology services investment platform, for $632.4 million, subject to certain adjustments. According to the announcement, the sale is expected to close by the ... Read the full article
Amwins takes 8-person Equinox reinsurance broker team & accounts from Price Forbes Re
9th September 2024
Insurance origination and distribution specialist Amwins is expanding its reinsurance broking capabilities, with the latest being the move of part of the Equinox Re team from Price Forbes Re to the company, including Nick Foden-Pattinson and Jeremy Brasier, along with their accounts, Reinsurance News can reveal. In total, 8 brokers are ... Read the full article
Ranked by 2023 revenue, Aon is still the world’s largest reinsurance broker
8th September 2024
Based on fully-year 2023 revenues, Aon Reinsurance Solutions, the reinsurance broking arm of the global intermediary, remains the world's top reinsurance broker, although Guy Carpenter, the reinsurance arm of Marsh McLennan, has narrowed the gap at the top. Our ranking of the top global reinsurance brokers in ... Read the full article
Acrisure Re signs preferred partnership broker agreement with Specialty Re
8th July 2024
Acrisure Re, the re/insurance division of fintech company Acrisure, has announced that its facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers (Specialty Re), for facultative Stock Throughput and Property business, effective immediately. Headquartered in Panama City and led by Luis Medina, Specialty Re boasts more than 11 ... Read the full article
WTW adds new features to global cyber facility to keep ahead of market trends
8th May 2024
Global insurance and reinsurance broker WTW has unveiled strategic enhancements to its global cyber facility, CyXS facility. The broker launched CyXS in January 2023, aiming to provide capacity and efficiency for clients around the world. Now, WTW has introduced new features for the cyber facility, designed to meet the needs of ... Read the full article
Maksure Risk Solutions becomes a Lloyd’s registered broker
23rd April 2024
The specialist Lloyd’s insurance and reinsurance marketplace has granted Maksure Risk Solutions, an Afro-Global independent specialist re/insurance broker, Broker Status. As a Lloyd’s broker, Maksure now has direct access to a unique pool of underwriting expertise and capacity in the Lloyd's global marketplace. Commenting on the approval, Simba Makwembere; Managing Director at ... Read the full article
Reinsurance market stable as signs point to better conditions for cedents at June 1: Doyle, MMC
18th April 2024
John Doyle, President and CEO of broking group Marsh McLennan (MMC), said earlier today that reinsurance market conditions remain stable, and that early signs suggest a better environment for cedents at the June 1 Florida catastrophe risk renewals. Speaking during the MMC first quarter 2024 earnings call, Doyle and Dean Klisura, ... Read the full article
Policybazaar Insurance Brokers gets approval to enter Indian reinsurance market
20th February 2024
PB Fintech’s wholly-owned subsidiary, Policybazaar Insurance Brokers, has been granted In-Principle approval to upgrade its license from Direct Insurance Broker (Life & General) to Composite Insurance Broker by the Insurance Regulatory and Development Authority of India (IRDAI) on February 16th, 2024, according to a stock exchange filing done by the ... Read the full article
BMS Re announces new co-CEOs as Pete Chandler transitions to vice-chair
31st January 2024
Global reinsurance broker BMS Re has appointed Andrew Wheeler and Russ McGuire as co-Chief Executive Officers (CEOs) following the transition of Pete Chandler to vice-chair of the company. Chandler led the reinsurance broker for more than four years, and will remain a director on the US board as he assumes a ... Read the full article
Reinsurance broker platform Jireh Connect announces first ILW placement
30th January 2024
Jireh Connect, a digital platform for reinsurance brokers to manage placement processes online and part of Jireh Holdings, has announced the successful placement of its first industry loss warranty (ILW). Set up by insurance-linked securities (ILS) veteran Salvatore Tucci in Bermuda, Jireh Connect soft launched at the start of 2024. Since ... Read the full article
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