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.
WTW names Hector Martinez new LatAm head, Luis Maurette to retire
18th July 2022
Advisory and broking solutions company WTW has named Hector Martinez as its new head of Latin America. He is to succeed Luis Maurette, current head of the region and head of global sales and client management, who is to retire on 31 December, 2022. Maurette will work with Martinez and the three ... Read the full article
NFP forms captive management arm
18th July 2022
NFP, a property and casualty broker, has established NFP Captive Management (Alberta) Corp. and appointed two industry veterans in the captives and alternative risk space. This will enable NFP to form and administer Alberta-domiciled captive insurance companies for their clients. Joseph Seeger, managing director, co-lead, CRSG of NFP in Canada, ... Read the full article
WTW appoints Iris Chan as Head of Corporate Risk and Broking, Hong Kong
15th July 2022
WTW has announced the appointment of Iris Chan as Head of Corporate Risk and Broking (CRB) for Hong Kong. Iris has held various senior positions with major insurance brokers in Asia over a 20 year career. She joined WTW in 2012 and has been expanding the construction ... Read the full article
M&A market buoyant despite economic instability – WTW
14th July 2022
Reports of global merger and acquisition (M&A) activity entering a dry spell appear to be premature, WTW says. Dealmakers have recorded the third highest number of completed deals in an opening six months since WTW began tracking M&As in 2008. In fact the only years that have surpassed the ... Read the full article
Risk Strategies names Patrick Roth SVP, Growth Leader
14th July 2022
Specialty insurance brokerage and risk management firm, Risk Strategies, has appointed Patrick Roth as Senior Vice President, Growth Leader for the Central and West regions. Roth brings more than 17 years of experience in creating effective growth plans and top-performing teams. He will be responsible for developing a strong sales culture, managing ... Read the full article
McGill boosts cyber development strategy with CyberCube products
14th July 2022
CyberCube, a cyber risk analytics firm, has announced that specialist re/insurance broker McGill and Partners, will be using its cyber risk analytics platforms as part of its cyber re/insurance growth strategy. According to the announcement, the broker is using CyberCube’s Portfolio Manager and Broking Manager. Neil Sharma, Partner - Reinsurance at McGill ... Read the full article
UIB names David Waller as Divisional Director – Marine
13th July 2022
International re/insurance broker UIB has announced the appointment of David Waller as Divisional Director within its Marine Division. Waller has over 15 years of experience as a Marine insurance broker working with complex and difficult risks in cargo and stock throughput from a global portfolio, with skills in managing key market ... Read the full article
WTW announces acquisition of Butterwire
13th July 2022
Re/insurance broker WTW has announced the acquisition of Butterwire – a FinTech provider of data analytics, AI, and machine learning platforms. The acquisition will help to further strengthen WTW’s world-leadingcli capabilities in delivering climate risk analytics to organisations around the world. Butterwire’s team of research, data science and software engineering professionals offer ... Read the full article
“Industry needs to embrace and nurture talent” – Marsh McLennan CEO
12th July 2022
The industry needs to find a way to amplify its talents’ potential enable and enable their ambition if it is to effectively attain new levels of societal resilience, says Dan Glaser, president and CEO of Marsh McLennan. Commenting ahead of the Marsh McLennan Rising Professionals’ Global Forum in London, Glaser said ... Read the full article
“Critical concerns” persist for Lloyd’s despite progress: Gallagher Re
12th July 2022
A new report by reinsurance broker Gallagher Re concludes that a number of both internal and external challenges remain “critical concerns” for the Lloyd’s of London market, despite measurable progress last year. The first annual Lloyd’s of London Market Report from Gallagher Re tracked the Lloyd’s market's capital and profitability throughout ... Read the full article
PCF Insurance acquires P&C MGA United Underwriters
12th July 2022
US insurance brokerage firm PCF Insurance Services (PCF), has announced the acquisition of Utah-based property and casualty managing general agent (MGA) United Underwriters. Founded in 1998, United Underwriters offers 150-plus agencies across the Western United States property and casualty MGA services and programs These include homeowners, renters, dwelling, commercial, personal umbrella, earthquake, ... Read the full article
NFP adds Seth Michaelson to Energy practice
11th July 2022
Property and casualty broker NFP, has appointed Seth Michaelson to the Energy practice within NFP's Specialty business. As vice president, Energy and Marine, Michaelson will be reporting to Vilma Vanegas, senior vice president, practice leader, Energy; and he will be supporting the ongoing growth of NFP’s specialty practice. According to the announcement, ... Read the full article
Hayward Aviation rebrands as Gallagher
11th July 2022
Specialist general aviation broker Hayward Aviation is to rebrand as Gallagher this month. The firm had become part of Gallagher when the firm acquired Jardine Lloyd Thompson Group’s global aerospace operations in 2019. Guy Holland-Bosworth, CEO of General Aviation for Gallagher’s Aerospace Practice said: “We are very pleased to reach this ... Read the full article
Ukraine war aviation losses could be 7x more than WTC loss: Gallagher
8th July 2022
Analysts at global re/insurance broker Gallagher has reported that the ongoing Russia-Ukraine conflict could lead up to losses that are seven times than the final loss amount for the World Trade Center (WTC) attacks in 2001, and four times the initial WTC reserve. In the Q2 edition of its Plane Talking ... Read the full article
“Demand for catastrophe bonds outpacing industry’s ability to meet them” – Aon
8th July 2022
Aon’s latest Reinsurance Market Dynamics: June and July Reinsurance Renewals says that the current demand for catastrophe bonds is outpacing the ability of the industry to supply them. According to the report, the current situation has arisen because insurers and reinsurers have turned increasingly to alternative capital markets to supplement traditional ... Read the full article