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.
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
Floridian insurers see underwriting improve in Q2 2022: Gallagher Re
23rd September 2022
According to reinsurance broker Gallagher Re’s Q2 Florida Market Watch Report, the combined ratio of the industry improved by 13.1% year-over-year to 109%. At the same time, loss & LAE reserve ratios at an industry level fell by 7.3% to 73.1% in Q2, as the expense ratio declined from 41.7% in ... Read the full article
Price Forbes launches in Peru with new leadership team
23rd September 2022
Global specialty broker Price Forbes has launched its new Peruvian subsidiary alongside an announcement of its key leadership team. The venture, which will begin operations at the beginning of next month, will be led by Jose Antonio Osterling, chairman, and Luis Felipe Ganoza, commercial director. The firm said that the new ... Read the full article
Aon names Luise O’Gorman head of ESG Transaction Advisory Services
22nd September 2022
Global professional services firm Aon, has appointed Luise O’Gorman as global head of ESG Transaction Advisory Services, further expanding its M&A and Transaction Solutions practice. In her new role, O’Gorman will lead the creation and development of a holistic Environmental, Social and Governance (ESG) proposition tailored to M&A and other transactions ... Read the full article
Coalition’s launch in the UK receives positive feedback from brokers
22nd September 2022
Following its launch in the UK cyber insurance market earlier this month, cyber insurance provider Coalition has shared details about onboarding some of its first UK policyholders with positive feedback from British brokers. Coalition commenced trading in the UK following a multi-year capacity deal with Allianz Global Corporate & Specialty. ... Read the full article
WTW and CodeEast partner on workers’ comp
22nd September 2022
WTW and software company CodeEast are to collaborate on enabling MGAs and carriers to rapidly implement a digital platform for workers' compensation insurance. The collaboration will be centred around CodeEast’s ONEview platform, which now includes functionality tailored for US workers' compensation insurance. This includes a workers’ compensation ratings component delivered through ... Read the full article
Miller expands Delegated Authority with creation of Canada team
21st September 2022
Specialist re/insurance broker Miller has announced the expansion of its delegated Authority offering with the appointment of five new hires to form a Canadian team. The team will be formed of Steve Maslen, Matt Dear, Mike Biddle, Saif Sulaiman and Nick Wilson, whom each join from Tysers, and hold significant experience ... Read the full article
Gallagher recruits Tim Wright as Consultant for aerospace practice
21st September 2022
Insurance broker Gallagher has announced the appointment of Tim Wright as a Consultant within its global aerospace practice. In his new role Wright will be responsible for supporting international space clients with risk management and specialist insurance advice, as well as supporting business development in the sector. Wright has worked in space ... Read the full article
UIB promotes Sahhar to Head of Downstream Energy
21st September 2022
International re/insurance broker UIB has promoted Mathieu Sahhar to Head of Downstream Energy, where he will report to Marc Perrin, Executive Director, Energy & Construction Division. Sahhar joined UIB in 2012, where he gained experience in the international property sector as a Broker for major international property clients, before being into ... Read the full article
Howden to acquire French insurance broker Théorème
21st September 2022
International insurance broker, Howden, has agreed to acquire Théorème, a family-owned corporate insurance broker headquartered in Paris. Upon completion, Xavier de Font-Réaulx will serve as General Manager of Théorème, and will report to Nicolas Aubert, CEO France. This acquisition follows Howden’s recent agreement to acquire broker firm CFR, the firm’s first ... Read the full article
Guy Carpenter appoints AXIS Re’s Les Loh as Chief Executive of Southeast Asia & Korea
20th September 2022
Reinsurance broker Guy Carpenter has appointed AXIS Re’s Les Loh as deputy chief executive of Southeast Asia and Korea. Loh will join Guy Carpenter in October and will continue to be based in Singapore. He will also report to Bengt Johnsen - CEO of Southeast Asia and Korea at Guy Carpenter. Within this ... Read the full article
WTW brings Alessandro Pesci back into the fold
20th September 2022
Advisory firm WTW has appointed Alessandro Pesci as EMEA reserving practice director in its Insurance Consulting and Technology business. Pesci is returning to the company and will be based in the firm’s Rome office where he will work to support and strengthen client relationships within the EMEA region. He will also ... Read the full article
Acrisure Re appoints Alex Orloff to new role as it expands division in North America
16th September 2022
Reinsurance broker Acrisure Re is expanding its corporate advisory and solutions division, known as ARCAS, into North America. As part of the expansion, the firm has appointed Alex Orloff to be the managing director ARCAS North America. He will be based in New York and report to Ben Canagaretna, managing director ... Read the full article
Lloyd’s broker Servca makes three senior appointments
16th September 2022
Independent international Lloyd’s broker, Servca, has announced three key appointments to its rapidly growing group. Ian Zammit joins the Servca Board as an experienced Executive Director brought in to head up the company’s newly opened European office in Malta. With over 30 years of industry experience, Zammit brings a wealth of ... Read the full article
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