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.
One80 acquires Asian American insurer C&M First Services
28th September 2022
One80 Intermediaries, a specialty insurance broker, has acquired C&M First Services, a full-service brokerage firm that provides commercial and personal lines insurance to Asian American retail brokers throughout the United States. According to the announcement, by acquiring C&M First, the company is launching its Asian American distribution practice. The terms of ... Read the full article
Acrisure acquires CRK Commercial Insurance Services
28th September 2022
Global insurance broker and fintech leader, Acrisure has announced its acquisition of CRK Commercial Insurance Services Limited, the specialist commercial schemes provider. The deal is expected to close at the start of October 2022. Established in 2000, CRK is a highly successful broker within the manufacturing and engineering space, under the leadership ... Read the full article
Over one million Florida homes at risk from Hurricane Ian storm surge: CoreLogic
27th September 2022
CoreLogic has released data analysis showing that more than one million single-family and multifamily homes along the Florida gulf coast with a reconstruction cost value (RCV) of approximately $258.3bn are at potential risk of storm surge damage from Hurricane Ian. Hurricane Ian has now reached major Category 3 status with ... Read the full article
Younger generations more predisposed to professional advice on insurance: Chubb
27th September 2022
A new report from Chubb posits that younger generations are more enamoured of taking advice from insurance brokers and agents than those preceding them. According to Chubb, 46% of Gen Z and 43% of Millennials wish for their agent or broker to advise them on insurance-related matters. This is a sharp ... Read the full article
Guy Carpenter goes into partnership with analytics firm TNEDICCA
27th September 2022
Guy Carpenter has entered an agreement with analytics firm TNEDICCA that will enable the former to deliver enhanced auto analytics to its insurance carrier clients. Under the deal, Guy Carpenter said it will use TNEDICCA’s location risk products for its US personal and commercial auto marketplace. Access to this key data ... Read the full article
Major hurricane Ian heads for Cuba with Tampa Bay landfall a possibility
27th September 2022
Hurricane Ian has now reached major Category 3 status with 125 mph sustained winds, and with a shift further east in the NHC's forecast cone overnight, the storm is set to pass very close to the Tampa Bay area, or even come ashore with a landfall. The NHC warned previously of ... Read the full article
Marsh McLennan names Doyle President & CEO as Glaser retires
26th September 2022
Global insurance and reinsurance broker Marsh McLennan has announced that John Doyle will take over from Daniel Glaser as President and Chief Executive Officer (CEO) from January 1st, 2023. Glaser is set to retire at the end of the year after leading the firm since 2013, having previously served as Marsh ... Read the full article
Inflation a key starting point at 1/1 amid elevated risk environment: Aon panel
23rd September 2022
With the important January 1st, 2023, reinsurance renewals fast approaching, executives from some of the world's largest reinsurers have highlighted inflation as a key starting point, and stressed the need to get paid for the elevated risk environment. Earlier today, Andy Marcell, Chief Executive Officer (CEO) of Aon Reinsurance Solutions, moderated ... Read the full article
Floridian insurers see underwriting improve in Q2 2022: Gallagher Re
23rd September 2022
According to reinsurance broker Gallagher Re’s Q2 Florida Market Watch Report, the combined ratio of the industry improved by 13.1% year-over-year to 109%. At the same time, loss & LAE reserve ratios at an industry level fell by 7.3% to 73.1% in Q2, as the expense ratio declined from 41.7% in ... Read the full article
Price Forbes launches in Peru with new leadership team
23rd September 2022
Global specialty broker Price Forbes has launched its new Peruvian subsidiary alongside an announcement of its key leadership team. The venture, which will begin operations at the beginning of next month, will be led by Jose Antonio Osterling, chairman, and Luis Felipe Ganoza, commercial director. The firm said that the new ... Read the full article
Aon names Luise O’Gorman head of ESG Transaction Advisory Services
22nd September 2022
Global professional services firm Aon, has appointed Luise O’Gorman as global head of ESG Transaction Advisory Services, further expanding its M&A and Transaction Solutions practice. In her new role, O’Gorman will lead the creation and development of a holistic Environmental, Social and Governance (ESG) proposition tailored to M&A and other transactions ... Read the full article
Coalition’s launch in the UK receives positive feedback from brokers
22nd September 2022
Following its launch in the UK cyber insurance market earlier this month, cyber insurance provider Coalition has shared details about onboarding some of its first UK policyholders with positive feedback from British brokers. Coalition commenced trading in the UK following a multi-year capacity deal with Allianz Global Corporate & Specialty. ... Read the full article
WTW and CodeEast partner on workers’ comp
22nd September 2022
WTW and software company CodeEast are to collaborate on enabling MGAs and carriers to rapidly implement a digital platform for workers' compensation insurance. The collaboration will be centred around CodeEast’s ONEview platform, which now includes functionality tailored for US workers' compensation insurance. This includes a workers’ compensation ratings component delivered through ... Read the full article
Miller expands Delegated Authority with creation of Canada team
21st September 2022
Specialist re/insurance broker Miller has announced the expansion of its delegated Authority offering with the appointment of five new hires to form a Canadian team. The team will be formed of Steve Maslen, Matt Dear, Mike Biddle, Saif Sulaiman and Nick Wilson, whom each join from Tysers, and hold significant experience ... Read the full article
Gallagher recruits Tim Wright as Consultant for aerospace practice
21st September 2022
Insurance broker Gallagher has announced the appointment of Tim Wright as a Consultant within its global aerospace practice. In his new role Wright will be responsible for supporting international space clients with risk management and specialist insurance advice, as well as supporting business development in the sector. Wright has worked in space ... Read the full article