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 appoints Adriana Karaboutis to its Board of Directors
9th September 2022
Global professional services firm Aon, has announced that Adriana Karaboutis, chief information and digital officer of National Grid plc, has been appointed to its Board of Directors. According to the announcement, the Board expects to appoint Karaboutis to the Audit Committee of the Board and the Compliance Sub-Committee of the Audit ... Read the full article
Reinsurance market needs more navigating than in the past: Aon’s Andy Marcell
8th September 2022
The combination of the current inflationary trend and challenges in the property space is driving growth in values and total insurable values (TIVs), leading many buyers of reinsurance to seek more limit at the upcoming renewals. But as reinsurer appetite for property catastrophe business wanes, Aon sees a marketplace "that's ... Read the full article
William Bruce joins Aon to lead climate risk consulting
8th September 2022
Aon has announced the appointment of William Bruce as Global Managing Director of Climate Risk Consulting. Bruce has over twenty-two years of consulting experience and was most recently Global Head of Enterprise Risk Consulting at Willis Towers Watson, where he led a global team that designed and delivered Transition Climate Risk ... Read the full article
Howden warns of ‘tipping point’ for reinsurance market ahead of 1/1
8th September 2022
Climate, conflict, and capital are uniting to create a "tipping point" for the global reinsurance market ahead of the key, January 1st, 2023, reinsurance renewals, according to re/insurance broker Howden. As the market prepares to meet once again in Monte Carlo after a COVID-19 induced hiatus, Howden has released its latest ... Read the full article
Nick Gillet appointed as CEO of BMS International
7th September 2022
Independent specialty re/insurance broker, BMS, has announced the appointment of Nick Gillett as CEO of BMS International. Gillet is a highly experienced broking professional, having worked as managing director of Aon Benfield Singapore before spending more than 20 years at Aon and its subsidiaries, holding several senior roles including chief broking ... Read the full article
Gallagher Re expands cyber reinsurance team in North America
7th September 2022
Global reinsurance broker, Gallagher Re, has appointed Jasper Goring as head of its cyber reinsurance hub in New York amid the creation of a dedicated cyber analytics function and the growth of its specialist team in North America. Goring will lead the broker’s cyber reinsurance specialism to support NA-based clients and ... Read the full article
Reinsurance environment is “truly changing”: GC’s David Priebe
7th September 2022
David Priebe, Chairman of reinsurance broker Guy Carpenter, has asserted that the reinsurance industry is “truly changing” in response to the multitude of challenges it has faced this year. Currently speaking as part of an ongoing virtual media briefing on ‘Materializing Possibilities’, the GC Chairman stressed that the reinsurance industry must ... Read the full article
Lockton Re SAGE 2.0 launches with new analytics features
7th September 2022
Global insurance broker Lockton's dedicated reinsurance division, Lockton Re, has launched Lockton Re SAGE 2.0, its next level of analytics features and tools as part of Lockton Re’s proprietary software platform, the company highlighted. Lockton Re SAGE was designed to better help insurers understand risk impacts with a detailed and transparent ... Read the full article
Howden launches voluntary carbon credit insurance product to help scale market
7th September 2022
International re/insurance broker Howden has announced the launch of a carbon credit invalidation insurance solution to increase confidence in the Voluntary Carbon Market (VCM). To develop the product, Howden worked with the carbon finance business, Respira International, and Nephila Capital, an investment manager specialising in reinsurance risk. They were also advised ... Read the full article
Aon combines expertise and tech under new STG division
7th September 2022
Global insurance and reinsurance broker Aon has unveiled its new Strategy and Technology Group (STG), designed to combine a broad range of insights and software solutions to assist P&C and life re/insurance clients develop flexible and resilient enterprise structures. According to the broker, STG brings together strategic consulting – including claims ... Read the full article
Howden RE and TigerRisk to launch $6bn global MGA business
6th September 2022
Howden RE and TigerRisk have announced the creation of Howden Tiger SabRE (SabRE), a new group combining their MGA operations and programme capabilities. SabRE will come into form following the completion of Howden Group Holdings’ (Howden) acquisition of TigerRisk, which is expected to close in Q1 2023, subject to regulatory approval. The ... Read the full article
Aon names Jim De Pre Senior Managing Director
5th September 2022
Aon Reinsurance Solutions, the reinsurance arm of global brokerage of Aon, has hired veteran Jim De Pre to lead the Strategy - Accident & Health team in the US as Senior Managing Director. De Pre has over 40 years of industry experience, with his most recent role being at Guy Carpenter. He ... Read the full article
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
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