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 adds industry expert Katherine Kuehn as MD, Cyber Solutions
4th October 2022
Insurance and reinsurance broker Aon has hired Katherine Kuehn from vArmour as Managing Director (MD) within its Cyber Solutions division, where she will build upon her network to develop and provide innovative solutions in the cyber risk space. In her new role, Kuehn will leverage her network of key cyber, government ... Read the full article
WTW hires Chang from Sompo Intl. as Head, Corporate Risk & Broking NA
4th October 2022
WTW has hired Michael Chang to be its new head of corporate risk and broking for North America, succeeding Mike Liss, who plans to retire in the first half of next year. Prior to joining WTW, Chang served for six years as co-leader of Sompo International’s Global Insurance and CEO of ... Read the full article
Arthur J. Gallagher sets its sights on M&T Insurance Agency
4th October 2022
Re/insurance broking firm Arthur J. Gallagher has announced that it plans to acquire M&T Insurance Agency, a provider of risk management and group benefits consulting services based in Buffalo, NY. The firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary of M&T Bank ... Read the full article
Howden appoints Philippe Lutgen as COO for Europe
3rd October 2022
Broker firm Howden has appointed Philippe Lutgen as chief operations officer (COO) for Europe. He will report to Luigi Sturani, CEO of Howden Europe, and will be based in London. In the newly formed role, Lutgen will lead on operations across the continent (excluding the UK), supporting on the development and ... Read the full article
Optio establishes MGA and reinsurance broking operations in Dubai
3rd October 2022
Specialty managing general agent (MGA), Optio Group has announced that it will establish an MGA and reinsurance broker in Dubai. Both businesses are subject to final approvals from the UAE regulatory authorities. In a press release, it states that both businesses are expected to be operational by 1 January, 2023 with an ... Read the full article
AUB Group completes Tysers acquisition
30th September 2022
Australia equity-based insurance broker network AUB Group has completed its acquisition of Tysers. In accordance with the terms of the acquisition and as previously announced, AUB confirmed that it has issued 9,018,974 new shares to Tysers’ former owner, Odyssey Investment Partners. The new shares will be escrowed for a 24-month period. AUB ... Read the full article
XS Brokers announces a series of promotions
30th September 2022
XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has announced a series of promotions. Misty Quail has been promoted to EVP, Business Development Manager. Under her leadership, she will ensure XS Brokers' family-owned company values extend to supporting clients and advance the company's efforts of attracting Top 100 retailers ... Read the full article
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
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