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.
Insurtech funding stable through ‘inflection point’ Q3: Gallagher Re
1st November 2022
New data from re/insurance broker Gallagher Re shows that $2.35 billion of global insurtech-sector investment was made in Q3 2022, which marked something of an “inflection point” for the space. The level of investment was in fact down 2.5% from Q2's total, but Gallagher Re notes that the headline figure masks ... Read the full article
Miller names Bradley O’Connor as Chief Information Officer
31st October 2022
Specialist re/insurance broker Miller has announced the appointment of Bradley O’Connor as Chief Information Officer. The firm states that in the new role, O’Connor will focus on creating a scalable technology and data platform that enables smarter, faster, better broking. His key priorities will include enhancing the capabilities Miller provides to its ... Read the full article
Commercial rates moderate further through Q3: Marsh
31st October 2022
Global commercial insurance prices continued to moderate through the third quarter of 2022, according to data from re/insurance broker Marsh, with increases slowing to 6%, down from 9% in the second quarter. Marsh’s Global Insurance Market Index marks Q3 2022 as the 20th consecutive quarter of commercial rate increases, but it ... Read the full article
There’s a lot going on in reinsurance, but ‘this is our wheelhouse’: Aon’s Andersen & Case
28th October 2022
It's clear that the property catastrophe market is going to be challenging in 2023, but while the market shifts there are levers out there re/insurance broker Aon is able to utilise to help clients de-risk. After all, "this is our wheelhouse," explained Greg Case, Chief Executive Officer (CEO). After reporting ... Read the full article
Aon revenues stable, buoyed by Reinsurance Solutions growth
28th October 2022
Re/insurance broker Aon has posted flat revenue of $2,696 million for the third quarter of 2022, as growth in its Reinsurance Solutions segment offset a decline in revenues across all other segments. The Reinsurance Solutions segment grew its revenue by 12% to $396 million in Q3, including organic revenue growth of ... Read the full article
Gallagher grows earnings through Q3
28th October 2022
Insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported net earnings of $256.3 million for the third quarter of 2022, compared with $238.6 million a year earlier. The firm’s overall revenues were down slightly from $2,105.6 million to $2,012.0 million, but were up by 15% for the combined brokerage ... Read the full article
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
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