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.
Acrisure Re names Kriesch & Witteveen as Managing Directors for Cat Bond Solutions
10th September 2023
Acrisure Re, the reinsurance division of global fintech Acrisure, has announced the appointment of Sandro Kriesch and Patrick Witteveen as Managing Directors of Catastrophe Bond Solutions within its Corporate Advisory and Solutions (ARCAS) division, effective immediately. Based in Zurich, they will report to Ben Canagaretna, the Global Managing Director of ARCAS. Kriesch ... Read the full article
Demand for reinsurance to grow ahead of Jan 1, cat rates broadly adequate: Guy Carpenter
6th September 2023
Guy Carpenter executives expect demand for reinsurance protection to grow heading into the January 2024 renewals, while the reinsurance broker also feels that catastrophe rates are broadly adequate after significant adjustments in 2023. During its recently held virtual pre-Monte Carlo media briefing, executives and leaders from Guy Carpenter discussed current reinsurance ... Read the full article
Reinsurance sector well positioned to absorb high nat cat hit in H2: Gallagher Re’s Shea
6th September 2023
As the reinsurance sector's H1 underlying return on equity (ROE) surpassed the cost of capital for the second year running, Brian Shea, Global Head of Strategic & Financial Advisory, Gallagher Re, suggested the current strong financial position makes the industry more equipped to cope if H2 turns out to be ... Read the full article
Augment hires former Aon Exec David Ledger as Senior Adviser & Board Member
6th September 2023
Augment, a recently launched reinsurance broker that offers bespoke solutions to its partners, has appointed former Aon UK COO David Ledger as a Senior Advisor and Board Member. In his new role, Ledger will use his experience and insights across the reinsurance industry to continue to strengthen Augment's senior leadership team. Ledger ... Read the full article
Reinsurance capital rises, underlying ROE ‘well above’ cost of capital: Gallagher Re
6th September 2023
Global reinsurance capital rose 13% from the end of 2022 to $709 billion at half year 2023, as reinsurers benefited from improving underwriting results and a strong investment performance, according to reinsurance broker Gallagher Re. Industry capital levels are almost back to their 2021 peak of $725 billion, and have again ... Read the full article
Opportunity for reinsurers to exceed their cost of capital: Howden Tiger
24th August 2023
After experiencing a significant capital impairment in 2022, re/insurance capital is "slowly returning to its previous levels," and as reinsurers continue to benefit from hard market conditions, the sector should exceed its cost of capital for the first time in this cycle, according to Howden Tiger. Global reinsurance broker Howden Tiger ... Read the full article
Latin Re obtains license to operate directly at Lloyd’s
21st August 2023
Latin Re, an independent brokerage founded in 2019, becomes the first Brazilian broker to obtain a license to operate directly at the specialist Lloyd's insurance and reinsurance marketplace. Operating directly at Lloyd's allows Latin Re to sell reinsurance risks from across Latin America directly to London underwriters. This market opening brings ... Read the full article
Capital still very guarded about entering property cat space: Inver Re’s Bonard
18th August 2023
Although small capital raises are happening in the reinsurance market, providers remain guarded about putting funds to work in the property catastrophe space, suggesting there’s more pain to come, according to Chris Bonard, CEO of Ardonagh’s Bermuda business operations including Inver Re. “The situation is getting worse, and could have a ... Read the full article
We’re pretty upbeat about the Bermuda market: Inver Re’s Chris Bonard
11th August 2023
Reinsurance broker Inver Re continues to grow its team in Bermuda, adding expertise in numerous areas as it looks to expand alongside its unwavering commitment to have best in class data and analytics, leading Chris Bonard, CEO of Bermuda, to be pretty bullish about life on the island. In May 2021, ... Read the full article
Arthur J. Gallagher acquires Wigmore Insurance Agency
8th August 2023
Global insurance brokerage firm, Arthur J. Gallagher has acquired Costa Mesa, California-based Wigmore Insurance Agency, Inc. The terms of the transaction were not disclosed. Wigmore is retail insurance broker that provides a broad selection of commercial and personal insurance services to clients throughout Southern California. The company is headed by ... Read the full article
Tysers unveils global entertainment industry division
28th July 2023
Tysers, an independent Lloyd's broker, and member of the AUB Group, is launching a new global division dedicated to serving the needs of the global entertainment industry. The new initiative -Tysers Live, sees offerings in Music, Theatre, Live Events, Media & Film and Advertising & Commercials combine under one brand ... Read the full article
Arthur J. Gallagher acquires Hagan Insurance Group
25th July 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Established more than three decades ago, Hagan Insurance Group has been providing insurance member benefits and financial management to ... Read the full article
Reinsurance broker Augment launches backed with up to $100m from Altamont
14th July 2023
Reinsurance broker Augment has announced its official launch, backed with up to $100 million in funding from private equity firm Altamont Capital Partners. Amidst the emergence of ever more complex risks, macroeconomic volatility, and an evolving regulatory landscape, Augment believes that a one-size-fits-all approach is no longer sufficient. With global reach and ... Read the full article
WTW names Mascaro Hospitality Segment Leader within CRB, North America
14th July 2023
Broking firm WTW has hired Sompo International's Juan Mascaro as Hospitality Segment leader a part of the Real Estate, Hospitality, and Leisure Division within its Corporate Risk and Broking (CRB), North America. Mascaro brings more than 20 years of experience towards his new role. He has a diverse background that spans ... Read the full article
Goldman Sachs still expects double-digit premium growth in reinsurance brokerage
14th July 2023
Analysts at Goldman Sachs still expected reinsurance broking businesses to report double-digit premium growth in the second quarter of 2023, as well as strong results in retail property and casualty (P&C) globally. In a recent report, analysts discuss pricing and exposure growth for insurance and reinsurance brokers in the Americas. As well ... Read the full article