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.
Guy Carpenter’s Q3 revenue up 7% as Marsh McLennan reports solid set of results
20th October 2022
Global brokerage Marsh McLennan (MMC) has reported a solid set of results for the third quarter of 2022, supported by underlying revenue growth of 7% at its reinsurance arm, Guy Carpenter. Across the business, MMC's consolidated revenue in Q3 2022 increased by 4%, or 8% on an underlying basis to $4.8 ... Read the full article
Guy Carpenter expands delegated authority capabilities, adds new hires
19th October 2022
Reinsurance broker, Guy Carpenter has announced it has expanded its capabilities in the delegated authority arena. It is welcoming three new members to its GC Access team and forming a new collaboration with Guy Carpenter’s Ratings Advisory Service. Bryan Willingham joins as Managing Director and Co-Head of the Southwest Region. He ... Read the full article
Howden names Mike Godfrey as Head of Equine division
19th October 2022
Insurance broker, Howden has appointed Mike Godfrey as Executive Director and Head of its Equine division, part of its Sports & Entertainment practice. Godfrey will commence employment at Howden subject to completion of his contractual obligations. Within this role, he will be based in London and will report to Duncan Fraser, Global ... Read the full article
Lockton Re appoints Oliver Brew as Cyber Practice Leader, London
18th October 2022
Global insurance broker Lockton’s dedicated reinsurance division, Lockton Re, has appointed Oliver Brew in a new role as Cyber Practice Leader in London. Brew brings more than 20 years of industry experience towards the role. He joins from CyberCube where he most recently served as Head of Client Success as part ... Read the full article
P&C underwriting profit rises, but net income falls significantly in H1 for Aon’s cohort of reinsurers
17th October 2022
The latest edition of Aon's Reinsurance Aggregate (ARA) reveals that gross and net property and casualty (P&C) re/insurance premiums, as well as underwriting profit, increased for the group of re/insurers in the broker's universe in H1 2022. However, a dramatic fall in net income in the period, coupled with the ... Read the full article
Berkshire’s acquisition of Alleghany to close this week after receipt of regulatory approvals
17th October 2022
All regulatory approvals relating to the proposed acquisition of Alleghany Corporation by Berkshire Hathaway have now been received. The deal is expected to complete on October 19th, 2022, subject to the satisfaction of customary closing conditions. It was first announced in March that Warren Buffett's insurance and reinsurance firm had ... Read the full article
Airline insurance conditions stable despite ongoing uncertainty: Gallagher
17th October 2022
According to re/insurance broker Gallagher, airline insurance conditions remain relatively stable despite the ongoing uncertainty around losses and other notable challenges. The firm adds that there are no immediate indications that there will be any drastic change in the market trend, at least in the remaining months of 2022. In its report, ... Read the full article
Lockton launches new custody insurance facility for digital asset clients
14th October 2022
Independent insurance brokerage Lockton, has launched a new industry-leading custody insurance facility available exclusively to its digital asset clients. Developed by Lockton's Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers, the facility is supported by Lloyd's syndicates, together with highly rated insurance companies. The facility will be able ... Read the full article
AssuredPartners acquires Quest Benefits, Inc.
14th October 2022
Broker, AssuredPartners, Inc. has announced that it has acquired Quest Benefits, Inc. Located in Chantilly, VA, Quest is now the 23rd acquisition completed by AssuredPartners so far in 2022. In a press release, it notes that the team will remain under the leadership of President, Sami Satouri. “Quest Insurance was thrilled to celebrate ... Read the full article
Aon names Gary Warman as Global Life Leader of STG
13th October 2022
Aon has appointed Gary Warman as global life leader of its Strategy and Technology Group, effective immediately. Warman is a qualified Fellow of the Institute of Actuaries and holds over three decades of experience in the life insurance industry, with significant experience in M&A, capital management, operational efficiency/cost management and developing ... Read the full article
Aon names Baum and Kielty to new UK commercial risk leadership roles
13th October 2022
Professional services firm Aon has overhauled its UK commercial risk leadership team, with James Baum to take on the role of head of wholesale and specialty broking, while Jane Kielty will become head of commercial risk UK. While Baum will continue to lead the Global Broking Centre in London, Kielty will ... Read the full article
UK firms at risk of underinsurance amid energy crisis: RSA
13th October 2022
Rising energy prices and economic turmoil are leading to a dramatic shift in the insurance needs of UK companies, according to new research by RSA Insurance. RSA’s inaugural Broker Pulse, a representative survey of more than 200 brokers from across the UK, warns of the risk of underinsurance for businesses in ... Read the full article
WTW makes senior hire for Luxembourg
13th October 2022
Advisory and broking solutions company, WTW has appointed Alain Dufraisse as Managing Director of its Luxembourg Captive and Insurance Management Solutions (CIMS) office. Within this role, he will report to Elizabeth Carbonaro, WTW CIMS regional lead for Western Europe. Overall, Dufraisse brings over 30 years of industry experience towards the role. Over ... Read the full article
Embroker hires David Derigiotis to new role as CIO
13th October 2022
Digital platform Embroker has named David Derigiotis as its new chief insurance officer. The firm said in a statement that Derigiotis was coming onboard to lead the development of Embroker’s innovative insurance vertical products, particularly cybersecurity, technology, and privacy offerings. Before taking on this new role, Derigiotis served as corporate senior vice ... Read the full article
Specialty Program Group forms new wholesale insurance division
13th October 2022
Specialty Program Group LLC (SPG) and Program Brokerage Corporation (PBC), has announced that PBC is spinning off its general wholesale, environmental, construction, cyber and professional liability divisions to SPG and will operate under the brand Specialty Wholesale Insurance Solutions (SWIS). SWIS will become a division within Specialty Program Group LLC. SPG is ... Read the full article
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