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.

Global broker Howden launches in New Zealand

4th November 2021

After entering Australia earlier this year, international insurance broker Howden has now launched its New Zealand operations with Howden Broking and Howden Care, supporting the firm's ambitious growth plans for the Pacific region. The new division will be led by René Hattingh as Chief Executive Officer (CEO) of Howden Broking New ... Read the full article

Willis Towers Watson names Michael Brown as Head of New Zealand

3rd November 2021

Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has announced that interim country leader for New Zealand, Michael Brown, has been appointed as head of the region on a permanent basis. Brown has served as interim country leader since May of this year, having been with WTW for more than ... Read the full article

TWIA may drop broker GC in favour of Willis Re, with Aon preferred for modelling services

3rd November 2021

The Texas Windstorm Insurance Association (TWIA) looks set to pivot towards Willis Re for​​ its reinsurance broking needs following a meeting of its actuarial & underwriting committee. This switch would see TWIA terminate its current broking relationship with broking rival Guy Carpenter. The committee, which is reported to have considered Guy Carpenter ... Read the full article

Aston Lark acquires Bainbridge Collins

1st November 2021

Insurance broker Aston Lark has acquired independent insurance broker Bainbridge Collins, which specialises in the ‘mid corporate’ sector. In addition to offering a broking service, it also offers a comprehensive risk management service, offering quality advice and guidance on Health & Safety and Loss Prevention measures. Peter Blanc, Aston Lark Group CEO, ... Read the full article

WTW to acquire 100% of Indian business following regulatory shift

1st November 2021

Recent regulatory changes have prompted global re/insurance broker Willis Towers Watson to acquire the remaining 51% shares of its business in India. The group currently owns 49% of the company and will be purchasing its remaining shares from Anemone Holdings Private Ltd and WTW India's head, Rohit Jain. As one of the ... Read the full article

The Ardonagh Group completes takeover of BGC’s Insurance Brokerage unit

1st November 2021

Global brokerage and financial technology company, BGC Partners, Inc., has completed the previously announced sale of its Insurance Brokerage division to The Ardonagh Group. As we wrote in May, BGC's insurance brokerage businesses will now join the Ardonagh Specialty platform. Under the terms of the arrangement, Ardonagh has acquired the equity ... Read the full article

Aon falls to $900mn Q3 loss after WTW merger collapse

29th October 2021

Re/insurance broker Aon has posted a net loss of $900 million and an operating loss of $801 million for the third quarter of 2021, after incurring $1.3 billion of charges related to the termination of its planned combination with Willis Towers Watson. But costs associated with the merger collapse disguised what ... Read the full article

Arthur J. Gallagher earnings up 22%, Willis Re takeover on track

29th October 2021

Re/insurance broker Arthur J. Gallagher & Co. has reported 22% growth in net earnings across its brokerage and risk management operations during the third quarter of 2021, ending the period at $275.6 million. Revenues similarly increased by 17% over Q3, moving from $1.50 billion last year to $1.75 billion, with 10% ... Read the full article

Willis Towers Watson reports organic revenue growth of 7% in Q3

28th October 2021

Global insurance and reinsurance broker, Willis Towers Watson (WTW), has announced a 4%, or 7% on an organic basis rise in revenue to $1.97 billion for the third quarter of 2021, as net income improved year-on-year by a huge 646% to $903 million. For the first nine months of the year, ... Read the full article

COVID fixation compromising insurers’ long-term goals: Aon

27th October 2021

A new study by Aon has warned that a focus on resolving the immediate challenges posed by the COVID-19 pandemic may be compromising re/insurers’ longer-term plans and goals. The 2021 edition of Aon’s Global Risk Management Survey found that cyber risk topped the list as the number one current and predicted ... Read the full article

WTW names Chuck Shay as Risk & Broking Leader for West Region

27th October 2021

Re/insurance broker Willis Towers Watson (WTW) has announced that Chuck Shay has been appointed as Head of Risk & Broking for the Western region of North America. Shay is an industry veteran with over 25 years experience who previously led the WTW FINEX practice in both the Midwest and West regions. Prior ... Read the full article

Insurtech set for record-breaking 2021 as investment tops $10.5bn, reports WTW

27th October 2021

2021 has now overseen a record-breaking $10.5 billion in insurtech investment raised during the first three quarters, according to a Willis Towers Watson (WTW) report. In fact, a further $12 million will ensure 2021 equals the amount of capital invested during the entirety of 2018 and 2019 combined. WTW’s report states that ... Read the full article

Gallagher looks to develop in Middle East & Africa with energy hire

27th October 2021

Re/insurance broker Gallagher has announced plans to further develop its energy proposition in the Middle East and Africa with the addition of William Peilow as a partner in its Specialty energy team. Peilow joins from Willis Towers Watson (WTW) and brings existing relationships with risk managers, insurance and reinsurance companies in ... Read the full article

Insurance pricing up 15% in Q3, led by cyber: Marsh

26th October 2021

Global commercial insurance prices increased by 15% in the third quarter of 2021, according to the latest Global Insurance Market Index released by re/insurance broker Marsh. It marks the 16th consecutive quarter of increases, but rates have continued to moderate in many lines of business and most geographies, suggesting that pricing ... Read the full article

WTW appoints Fox Carney as climate transition advisor

25th October 2021

Re/insurance broker Willis Towers Watson has appointed Diana Fox Carney to the climate, resilience and ESG solutions teams within its Climate Resilience Hub, which serves corporates and public sector institutions in North America and worldwide. As a development economist, Fox Carney developed early insights on global sustainability risks and the challenges ... Read the full article

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