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.
Aon appoints Allan Karlsen as Chief Operating Officer for EMEA
13th September 2022
Leading global professional services firm, Aon plc has appointed Allan Karlsen as chief operating officer (COO) EMEA, effective September 5, 2022. The company has also confirmed that Karlsen will continue as interim CEO for Aon Denmark and its subsidiaries. In addition to his role for Aon Denmark, Karlsen also serves as chairman ... Read the full article
Reinsurance market is at an interesting point: Inver Re’s Jonathan Prinn
12th September 2022
With the ongoing war in Ukraine and climate change set to add to inflationary pressure on the economy, at a time when some reinsurers are looking to diversify away from catastrophe business, it’s an interesting time for the marketplace, according to Jonathan Prinn, Chief Executive Officer (CEO), London, Inver Re. As ... Read the full article
BMS Re appoints McDowell as Bermuda CEO
12th September 2022
Specialty reinsurance broker BMS Re has appointed Chris McDowell as CEO of BMS Re Bermuda. His appointment is effective November 26, 2022, following the completion of his notice period and any requisite regulatory approvals. At the same time, the company has also appointed Mario Binetti as head of casualty treaty and actuarial ... Read the full article
Re/insurance industry has a “generational opportunity” to make a difference: Aon’s Case
12th September 2022
Greg Case, the Chief Executive Officer (CEO) of brokerage Aon, believes that the insurance and reinsurance industry is faced with a "generational opportunity" to make a difference. Case addressed an audience this morning at the PwC breakfast briefing in Monte Carlo as part of the 2022 RVS event. "We’re about to continue ... Read the full article
WTW rehires Christian Ryan to lead NA Industry Specialties
12th September 2022
Insurance and reinsurance broker WTW has added Christian Ryan to its North America Corporate Risk & Broking division as Industry Specialties Leader. WTW states that Ryan, whose career has focused solely on industry specialisation and expertise, brings a depth of understanding around the genuine value this approach offers clients. He previously worked ... Read the full article
Lockton Re launches dedicated Capital Markets unit led by Breslin
11th September 2022
Lockton Re, the global reinsurance broking arm of the independent intermediary company, has this morning announced the launch of Lockton Re Capital Markets (LRCM), a dedicated specialist arm for capital markets and ILS activities. Zachary Breslin will lead the new LRCM unit at the firm, having joined the company from ... Read the full article
US cyber market premiums shot up by 76% last year: Aon
10th September 2022
The US cyber market saw continued and increasing demand for its products in 2021, according to a new report from re/insurance broker Aon. The report, US Cyber Market Update: 2021 Cyber Insurance Profits and Performance, said the number of insurers in this sector grew from 200 to 214 between 2020 and ... Read the full article
Power sector faces rising rates and a new risk landscape, says WTW
9th September 2022
Risk managers in the power sector must navigate a new risk landscape brought about by the Russia-Ukraine conflict, global inflation, the energy transition, and climate change, according to the 2022 Power Market Review from WTW. With power insurance prices continuing to rise, risk managers must balance these risks while ensuring that ... Read the full article
Aon appoints Adriana Karaboutis to its Board of Directors
9th September 2022
Global professional services firm Aon, has announced that Adriana Karaboutis, chief information and digital officer of National Grid plc, has been appointed to its Board of Directors. According to the announcement, the Board expects to appoint Karaboutis to the Audit Committee of the Board and the Compliance Sub-Committee of the Audit ... Read the full article
Reinsurance market needs more navigating than in the past: Aon’s Andy Marcell
8th September 2022
The combination of the current inflationary trend and challenges in the property space is driving growth in values and total insurable values (TIVs), leading many buyers of reinsurance to seek more limit at the upcoming renewals. But as reinsurer appetite for property catastrophe business wanes, Aon sees a marketplace "that's ... Read the full article
William Bruce joins Aon to lead climate risk consulting
8th September 2022
Aon has announced the appointment of William Bruce as Global Managing Director of Climate Risk Consulting. Bruce has over twenty-two years of consulting experience and was most recently Global Head of Enterprise Risk Consulting at Willis Towers Watson, where he led a global team that designed and delivered Transition Climate Risk ... Read the full article
Howden warns of ‘tipping point’ for reinsurance market ahead of 1/1
8th September 2022
Climate, conflict, and capital are uniting to create a "tipping point" for the global reinsurance market ahead of the key, January 1st, 2023, reinsurance renewals, according to re/insurance broker Howden. As the market prepares to meet once again in Monte Carlo after a COVID-19 induced hiatus, Howden has released its latest ... Read the full article
Nick Gillet appointed as CEO of BMS International
7th September 2022
Independent specialty re/insurance broker, BMS, has announced the appointment of Nick Gillett as CEO of BMS International. Gillet is a highly experienced broking professional, having worked as managing director of Aon Benfield Singapore before spending more than 20 years at Aon and its subsidiaries, holding several senior roles including chief broking ... Read the full article
Gallagher Re expands cyber reinsurance team in North America
7th September 2022
Global reinsurance broker, Gallagher Re, has appointed Jasper Goring as head of its cyber reinsurance hub in New York amid the creation of a dedicated cyber analytics function and the growth of its specialist team in North America. Goring will lead the broker’s cyber reinsurance specialism to support NA-based clients and ... Read the full article
Reinsurance environment is “truly changing”: GC’s David Priebe
7th September 2022
David Priebe, Chairman of reinsurance broker Guy Carpenter, has asserted that the reinsurance industry is “truly changing” in response to the multitude of challenges it has faced this year. Currently speaking as part of an ongoing virtual media briefing on ‘Materializing Possibilities’, the GC Chairman stressed that the reinsurance industry must ... Read the full article