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.

Dean Klisura named Guy Carpenter CEO amid major MMC leadership re-shuffle

18th November 2021

Dean Klisura, currently the president of Guy Carpenter, has been appointed to lead the company as Chief Executive Officer, a role that will be taken up alongside his current duties. This appointment comes amid a broader shake up of the Marsh McLennan group's leadership, one that includes Marsh CEO and president ... Read the full article

BMS Re Brazil adds Pedro Carvalho as Head of Fac

18th November 2021

BMS Re, the specialist reinsurance broker, has announced the addition of Pedro Carvalho as Head of its Brazilian facultative department, effective immediately. In his new role as Head of BMS Re Brazil's fac unit, Carvalho will be based in São Paulo and will report to José Leão, Chief Executive Officer (CEO) ... Read the full article

Ardonagh’s 9M 2021 income rises 30%

18th November 2021

UK-based independent insurance distribution platform and global brokerage, The Ardonagh Group, has reported a 30% rise in income for the first nine months of 2021 to £675.7 million, supported by strong growth in its Specialty and International units. Total income improved markedly from the £519.5 million reported for the same period ... Read the full article

Risk transfer is at the heart of low carbon transition: Rowan Douglas, WTW

17th November 2021

The global risk transfer industry will prove vital in how society is going to manage and orchestrate an orderly transition to a low carbon economy, according to Rowan Douglas, Head of the Climate and Resilience Hub at Willis Towers Watson (WTW), and Chairman of Willis Research Network. Reinsurance News spoke recently ... Read the full article

Willis Towers Watson to acquire Israeli broker Leaderim

16th November 2021

Willis Towers Watson (WTW) has announced plans to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Leaderim maintains a team of 45 experts and offers a range of commercial insurance solutions to the Israeli market. The business was established over 20 years ago and has experience in multinational risk ... Read the full article

Willis Towers Watson names Aon’s Hugo Wegbrans as Global Head of Broking

15th November 2021

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has hired Hugo Wegbrans from rival broker Aon as its new Global Head of Broking and Broking Strategy. Effective early next year, Wegbrans will join the company's Risk and Broking business operation. He joins from Aon, where he most recently served as Leader ... Read the full article

Miller appoints Kate Levett as Head of Market Management

15th November 2021

Specialist re/insurance broker Miller has announced the appointment of Kate Levett to the newly created role of Head of Market Management. Levett will report to Ken MacDonald, Executive Chairman, and lead the development and coordination of relationships with Miller’s carrier partners. This will include expanding client access to products and services, as ... Read the full article

Aston Lark acquires Innovation Broking

15th November 2021

Aston Lark Group, the Goldman Sachs-backed insurance broker soon to be acquired by Howden, has announced the acquisition of Innovation Broking, based in London and Watford. Established in 2015, Innovation Broking is an independent corporate insurance broker and employee benefits adviser that was founded by Paul Dickson and Howard Pearson. The company ... Read the full article

Multi-billion dollar US floods drive up global nat cat bill for October: Aon

15th November 2021

A series of flooding events during October resulted in billions of dollars worth of economic costs, according to Aon's monthly natural catastrophe report. Meanwhile, a late-season severe weather outbreak in the US’ Southern Plains and Midwest generated large hail, damaging winds and tornadoes between Oct. 10 and 11. Aon says total economic ... Read the full article

Inver Re adds Howden’s Nick Griffiths as Director, Reinsurance

15th November 2021

Inver Reinsurance Brokers Limited (Inver Re), The Ardonagh Group's recently launched reinsurance broker, has announced the appointment of Nick Griffiths as Director of Reinsurance. Griffiths joins the Inver Re senior leadership team and reports to Ardonagh's Chief Executive Officer (CEO) of Reinsurance and Capital, Steve Hearn. In his new role, he will ... Read the full article

Reinsurers will find common ground on pricing at renewals: TigerRisk’s Gulbransen

12th November 2021

Despite significant pressure following another year of elevated catastrophe losses, reinsurers and clients will likely manage to find “common ground” on structure and pricing at the 2022 renewals, according to TigerRisk’s Wade Gulbransen. Gulbransen, who serves as Head of North America at the re/insurance risk, capital and strategic advisor, recently spoke ... Read the full article

Gallagher Re hires Aon’s Theo Norris as a dedicated cyber ILS broker

12th November 2021

Global reinsurance broker Gallagher Re has announced the addition of Theo Norris to its cyber reinsurance team as a dedicated cyber insurance-linked securities (ILS) broker, as the company continues to bolster its capabilities in the cyber risk space. In his new role, Norris is tasked with building and leading the development ... Read the full article

MNK Re announces new UK wholesale, retail business

10th November 2021

MNK Re, a broker of specialist risks into Lloyd’s, has announced the launch of a new business focused on UK wholesale and retail. MNK Re UK Specialty will initially focus on developing wholesale and high net worth lines. Grahame Lamb, Richard Daws and Jonathan Britton are set to lead the new operation; ... Read the full article

MMC urges public-private collaboration to strengthen UK resilience

5th November 2021

A new report by international re/insurance brokerage Marsh McLennan (MMC) has examined the opportunities for stronger interactions between the public and private sectors to strengthen the UK’s ability to anticipate and respond to strategic risks and crises. Partnering with Purpose, a new report for the National Preparedness Commission, recommends a fresh ... Read the full article

Generali seals takeover of rival Italian broker Cattolica

4th November 2021

Italian broker Generali has completed its acquisition of rival firm Cattolica in a previously-announced deal that’s intended to enable an eventual merging of the two organisations. Generali, already a significant shareholder, required a controlling stake in the firm in order to lay the regulatory groundwork for its merger plans. The consideration ... Read the full article

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