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.
Aon study finds prepared leaders make better decisions during volatile times
28th October 2022
Re/insurance broker Aon has released the results of its 2022 Executive Risk Survey, "Making Better Decisions in Uncertain Times" finding that leaders who are making better decisions about risks are better prepared to navigate through and succeed during highly volatile times and economic uncertainty. Aon's research involved conducting 800 interviews with ... Read the full article
Woodruff Sawyer names VP for Private Equity & Transactional Risk Group
28th October 2022
Independent US insurance brokerage Woodruff Sawyer has announced that Todd Dorsey has joined the firm as Vice President in its Private Equity and Venture Capital Group. Prior to joining Woodruff Sawyer, Dorsey served three years at Lockton, where he provided risk mitigation solutions for private equity and private equity-backed portfolio companies. In ... Read the full article
WTW maintains FY targets as organic growth accelerates
27th October 2022
Re/insurance broker WTW has reported revenues of $1,953 million for the third quarter of 2022, down 1% from the same period last year but up by 6% on an organic revenue growth basis. This represents an acceleration from the organic revenue growth rate of 3% that the broker reported in ... Read the full article
Brown & Brown CEO warns of renewal “disruption” after Ian
26th October 2022
Powell Brown, President & CEO of US broker firm Brown & Brown, has warned of late-running renewals and challenging changes to reinsurance prices and terms following Hurricane Ian. Speaking during a Q3 earnings call, Brown said that reinsurance renewals would likely run “deep into December” with formidable pricing increases expected for ... Read the full article
BitSight & MMC study correlates cyber ratings and security incidents
26th October 2022
BitSight has released results from an independent study which found fourteen BitSight analytics, including the BitSight Security Rating, and thirteen BitSight risk vectors, to be correlated with cybersecurity incidents. The study was conducted by the Marsh McLennan Cyber Risk Analytics Center, which brings together the cyber risk data and analytics expertise ... Read the full article
Brokerslink drives Middle East growth by adding AIC to its network
26th October 2022
Global broking business, Brokerslink, has announced that it has added Associated Insurance Consultants (AIC) from the United Arab Emirates (UAE) to its global network as an affiliate, giving the network local broking expertise in eight Middle Eastern countries. Launched in Beirut, Lebanon in 2001, AIC is headquartered in Abu Dhabi and ... Read the full article
UIB announces new Corporate & Capital Risks practice
25th October 2022
Re/insurance broker UIB has announced the formation of its new practice, Corporate & Capital Risks, following a major restructuring of its Specialty Lines division. James Wilson will lead the new practice, which UIB states will cater to ... Read the full article
Brown & Brown revenues up 20%, but organic growth slows
25th October 2022
US broker firm Brown & Brown has reported revenues of $927.6 million for the third quarter of 2022, representing an increase of $157.3 million, or 20.4%, when compared with the same period last year. Notably, organic revenue totalled $799.1 million for Q3, up 6.7% from last year, but slowing from the ... Read the full article
William Pembroke named CEO of Aon Thailand
25th October 2022
Global professional services firm, Aon has appointed William Pembroke as chief executive officer of Aon Thailand. Andrew Bentley, who had been leading Aon Thailand over the past 31 years, will move to a senior consultant role. Based in Bangkok, Pembroke will be reporting to Owen Belman, chief executive officer of Asia ... Read the full article
WTW appoints Oyin Heath as Managing Director for aerospace unit
25th October 2022
WTW Global Aerospace, part of the international insurance and reinsurance broker, has announced that Oyin Heath will be joining its team as Managing Director. The firm states that in the new role, Heath will be focused on driving growth and continuing to bring innovative, market-leading solutions and best-in-class service to the ... Read the full article
Guy Carpenter working to bring new capacity to property cat market for 2023: Klisura
24th October 2022
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, said last week that the firm has been working for some time to bring additional capital and interest into the catastrophe market for next year. As we wrote previously, Guy Carpenter is really starting to see the ... Read the full article
Reinsurance demand continues to rise ahead of Jan renewals, say industry leaders
24th October 2022
Executives and leaders from across the insurance and reinsurance sectors are seeing strong demand for protection and have called on the industry to work to leverage its strengths in such a demanding marketplace. At the 2022 meeting of the reinsurance industry in Baden-Baden, senior industry leaders discussed how the insurance and ... Read the full article
WTW hires Robert Lasovski as Head of P&C for Australasia
24th October 2022
WTW has appointed Robert Lasovski as Head of property & casualty (P&C) for its Corporate Risk & Broking (CRB) business in Australasia. Based in Sydney, Lasovski joins WTW from Marsh McLennan in Australia where he was the National Corporate & Commercial Leader. Overall, Lasovski brings 29 years of extensive experience in P&C ... Read the full article
WTW names Michael Machin Head of Broking for FINEX North America
21st October 2022
Global advisory, broking and solutions company, WTW, has announced the appointment of Michael Machin as Head of Broking for FINEX North America, Corporate Risk & Broking (CRB). Machin will also join the FINEX NA leadership team and partner with the FINEX segment leaders to advance strategic priorities for the business. In his ... Read the full article
Inver Re names Chris Carney as Head of Commercial Operations
20th October 2022
Inver Re, The Ardonagh Group’s reinsurance broker, has announced the appointment of Chris Carney to the new role of Head of Commercial Operations. Carney holds over three decades of insurance experience, including time spent at Marsh UK as COO of the Markets Division, and at Willis UK as Executive Director of ... Read the full article
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