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 Agency acquires Steinberg & Associates
5th September 2022
Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of Steinberg & Associates, Inc., an independent agency based in Spartanburg, South Carolina. Steinberg & Associates was founded in 1969, offering employee health and benefits, estate planning, and private client services to midsize ... Read the full article
Nick Pritchard joins Aon in Bermuda retro broking role
2nd September 2022
Nick Pritchard has joined Aon as managing director for property retrocession in Bermuda. The move was announced on LinkedIn, with Pritchard joining the firm after two years with Vantage Risk Companies as its SVP and head of property catastrophe. Prior to Vantage, Pritchard spent three-and-a-half years at Neon, as the head ... Read the full article
Gallagher Re hires Emilie Desormeaux as Executive Director
2nd September 2022
Gallagher Re has appointed Emilie Desormeaux as Executive Director, where she will be based in Paris, France. She joins from reinsurance giant Swiss Re where she worked at for over 14 years. During her tenure at Swiss Re, Desormeaux served as a Casualty Underwriter and Client Manager for the French market. Prior to ... Read the full article
UK cyber market stable, trade credit facing challenges
2nd September 2022
The cyber market in the UK has remained “stable and modestly” favourable in this year’s second quarter, while the Trade Credit market has become more challenging in the same period, according to Aon’s latest Q2 Market Dynamics Outlook: The United Kingdom. According to the re/insurer, the cyber markets’ stable condition has ... Read the full article
European capital positions continue to strengthen: Gallagher Re
2nd September 2022
Gallagher Re says that the capital positions for European (re)insurers have continued to strengthen this year, with the average solvency for those it tracks improving to 235%, up from 222% in H1 2021. The firm said in a note that this level of sector solvency is comfortably above the c.200% upper ... Read the full article
Gallagher & Novidea to launch digital platform for specialty clients
1st September 2022
Broker Gallagher has partnered with global insurtech Novidea, to implement and tailor its insurance broking platform for its specialty client base. The platform will be extremely pioneering within the market, as it will revolutionise client service, and also cover every stage of the broking lifecycle, from enquiry and quotation to policy ... Read the full article
UK insurance market sectors stabilising, says Aon
1st September 2022
Aon’s latest Q2 Market Dynamics Outlook: The United Kingdom has cast an eye over the country’s moderate markets. The firm said that the property market continued to stabilise in Q2 following previous underwriting adjustments, improved insurer results, and a focus on growth. However, while upwards price adjustments continued, it said that ... Read the full article
WTW and Bupa partner to improve health insurance pricing
1st September 2022
Health insurance provider, Bupa UK is now using WTW’s Radar Live as its lead pricing platform after both companies announced their new partnership with the re/insurance broker. The platform incorporates analytical and modelling methods to help create health insurance price premiums faster for individual customers. According to the announcement, this leads to ... Read the full article
TigerRisk appoints Mitchell Rosenberg to partner and MD role
31st August 2022
TigerRisk Partners has appointed Mitchell Rosenberg to be a new partner and managing director of TigerRisk Capital Markets & Advisory (TCMA), its investment banking division. Rosenberg is joining the firm from Aon, where he held the role of managing director at Aon Securities. Prior to that he was an assistant vice president ... Read the full article
Gallagher Re hires Alexandre Delacroix to new role
31st August 2022
Gallagher Re has hired Alexandre Delacroix to the role of executive director within its EMEA West & South team. In his new Paris-based role, Delacroix will focus on a range of capital market activities, including ILS and collateralised reinsurance, and thus be part of Gallagher Re’s specialist ILS and capital markets ... Read the full article
WTW names new Head of Distribution Advisory for its ICT business in APAC
31st August 2022
Global advisory, broking and solutions company, WTW, has announced the appointment of Dominick Williams as Head of Distribution Advisory for its Insurance Consulting and Technology (ICT) business in Asia Pacific (APAC). In his new position he will lead the development and deployment of WTW’s insurance distribution propositions. These cover all channels ... Read the full article
Aon hires Sarah Freitag from Gallagher Re
30th August 2022
Sarah Freitag has joined insurance and reinsurance broker Aon from Gallagher Re, taking on the role of Executive Managing Director, Head of E&S Specialty P&C. Based in New York, Freitag joins Aon after spending roughly 10 months with reinsurance broker Gallagher Re, initially as Executive Vice President, Specialty Property Segment Leader, ... Read the full article
Lack of extreme weather protection in semiconductor industry is concerning: WTW
26th August 2022
A significant percentage of the semiconductor industry likely lacks extreme weather protection, an issue highlighted in a recent survey by re/insurance broker, WTW. The Global Semiconductor Industry Survey also highlighted that gaps in cover could prove costly as extreme weather increases. It noted that one of the main challenges companies face ... Read the full article
Ace Insurance Brokers makes three appointments
26th August 2022
Ace Insurance Brokers has made three new appointments. A LinkedIn post from the firm said that Palak Sharma had been appointed to the role of assistant manager for directinsurance; Aditya Nigam as manager of direct insurance; and Akshay Kasare as executive of reinsurance. The post read: “A warm welcome and lots of ... Read the full article
Underinsurance risk in resurgent hospitality sector: Lockton
25th August 2022
Amidst the hospitality sector's recovery from the pandemic and rising inflation, re/insurance broker Lockton has warned businesses to closely evaluate building reinstatement values to avoid being inadvertently underinsured. The hospitality industry's financial prospects have significantly improved this summer thanks to increased demand and a decrease in COVID-19 restrictions. However, Lockton warns that ... Read the full article
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