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.
Gallagher completes integration of, and rebrands, Brokers’ House
15th September 2022
Gallagher has announced the full integration of its Turkish subsidiary Brokers’ House, bringing it under the company’s name from next Monday. The firm had bought a majority stake in Brokers’ House in August last year. It is headquartered in Istanbul, has 25 employees and its leadership team of Gündüz Tezel ... Read the full article
Inver Re hires former Enstar CFO Guy Bowker to lead Legacy Solutions proposition
14th September 2022
Inver Re, the reinsurance broking of The Ardonagh Group, has hired Guy Bowker, formerly of Enstar, to lead its entry into the legacy sector. Bowker has been appointed to launch the reinsurance broker's new Legacy Solutions proposition, which will support carriers looking to transfer books of liabilities to improve capital and ... Read the full article
Grainne Richmond appointed Aon Bermuda head of captives
14th September 2022
Re/insurance broker Aon, has appointed Grainne Richmond as executive vice president and head of captives for its Bermuda office. With more than 20 years’ experience of insurance management in Bermuda, Richmond joins Aon from Strategies Risk Solutions (SRS), where she served as vice president for almost two years. Prior to this, ... Read the full article
Aon names Jeremy Goodman as UK president for Reinsurance Solutions
13th September 2022
Insurance and reinsurance broker Aon has named Jeremy Goodman as the UK president for its Reinsurance Solutions business. Goodman is to take on the role immediately, relocating from Singapore to London, but will maintain his role of head of global broking. As UK president, he replaces Nick Frankland, who will now focus ... Read the full article
Reinsurance broker count at a “high watermark”: Lockton Re’s Gardner
13th September 2022
Leaders at Lockton's dedicated reinsurance division, Lockton Re, have said that they expect to see the reinsurance broker market thin out over the next couple of years, as some players fail to remain competitive. Speaking during a roundtable discussion at the 2022 RVS event in Monte Carlo this week, Lockton Re ... Read the full article
Gallagher Re makes new appointments as it launches the Gallagher Research Centre
13th September 2022
Gallagher Re has appointed Steve Bowen to the role of chief science officer within its Global Analytics & Advisory venture as it launches its new Gallagher Research Centre (GRC). Bowen will be based in Chicago, where he will work closely with the GRC, alongside the firm’s Global Catastrophe Analytics and the ... Read the full article
Lloyd’s broker Ramon Intl. opens office in Korea to drive expansion into Asia
13th September 2022
Independent Lloyd’s of London broker, Ramon International has furthered its expansion into global re/insurance markets by announcing the opening of an office in Korea to drive its Asian business. The broker has brought a majority stake in CKI Korea, which is based in Seoul, through its parent company Kastor Holdings Ltd. The deal ... Read the full article
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
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