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 expands North America ICT business with two senior hires
13th July 2023
Broking and solutions firm WTW has appointed two senior directors, Maryellen Allegretti and Patrick Anderson-Higgins, within the firm's Insurance Consulting and Technology (ICT) operation in North America. Both appointments further bolster ICT's expertise, technical knowledge, and presence as it strengthens its position as an industry leader in the Personal and Commercial ... Read the full article
WTW unveils Asia’s first 4-peril parametric insurance offering
12th July 2023
WTW, a global advisory and broking company has launched Asia’s first 4-peril parametric insurance to protect Sri Lanka’s shrimp farms against weather risks, marking a major turning point in Asia’s aquaculture development. According to the firm, the solution was designed and placed for Taprobane Seafood Group - Sri Lanka’s largest seafood ... Read the full article
BFL Canada to license CyberCube’s Broking Manger product to help clients make better decisions
11th July 2023
Leading cyber analytics firm CyberCube has announced that BFL Canada - one of the largest risk management, insurance brokerage and benefits consulting firms in Canada - will license its Broking Manager product to help clients make better informed cyber insurance coverage and limit decisions. BFL Canada will utilize Broking Manager to ... Read the full article
Howden CAP forms partnership with Pernix, employing the efficiency of Structured Credit APIs
7th July 2023
Insurance broker Howden has announced that Pernix Specialty Limited has joined Howden CAP as its latest API (Application Programming Interfaces) partner. This partnership heavily reflects both Howden CAP and Pernix’s commitment to use digital platforms to improve efficiency in the marketplace, as well as provide enhanced solutions for clients and lead ... Read the full article
WTW appoints Plotnek to lead its merged Private Assets & Capital Management team
5th July 2023
WTW, a global advisory and broking firm has appointed Anthony Plotnek to lead its recently combined Private Assets and Capital Management (PACM) team within its Insurance Consulting and Technology (ICT) business. Within the role, Plotnek will be based in London, where he will report to Marcus Bowser, Managing Director, UK and ... Read the full article
Inver Re CEO Steve Hearn to depart company
4th July 2023
Steve Hearn, the CEO of Inver Re, the Ardonagh Group's dedicated reinsurance broking unit, is set to depart the company and Group later this summer, we've learned. Hearn took on the Global CEO role at Inver Re in 2021, after Ardonagh acquired BGC Partners' insurance broking portfolio of businesses. Hearn ... Read the full article
Ample property cat reinsurance capacity available as order returned at mid-year renewals: Aon
29th June 2023
A sense of order returned to reinsurance renewals at the mid-year, helped by the catastrophe reinsurance market finding a new equilibrium with ample capacity available for property cat risks, according to insurance and reinsurance broker Aon. The broker's June and July 2023 Reinsurance Market Dynamics report dissects the mid-year renewals season, ... Read the full article
IRL becomes first ever InsurTech-focused broker to enter the Lloyd’s market
23rd June 2023
Innovative Risk Labs (IRL), a leading InsurTech specialist dedicated to launching, incubating and supporting start-ups in the insurance technology space, has secured a license to operate within the Lloyd’s market. This “ground-breaking achievement” makes IRL the only exclusive InsurTech-focused broker permitted to conduct trade within the Lloyd's market. Under the leadership of ... Read the full article
Marsh McLennan to help Ukraine access global insurance market
22nd June 2023
Re/insurance brokerage, Marsh McLennan, has announced it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of the support, the broker said it will provide services on a pro-bono basis to design and deliver a risk data platform that will allow insurers ... Read the full article
Lockton names Mark Drummond-Brady as Advisor to Senior International Leadership Team
22nd June 2023
Global insurance broker Lockton has announced the appointment of Mark Drummond-Brady as Advisor to the Senior International Leadership Team, effective July 1, 2023. Drummond-Brady, a highly experienced insurance industry veteran with over 40 years of expertise, will provide valuable advice and counsel to support Lockton's ongoing growth plans. Drummond-Brady's career in the ... Read the full article
Guy Carpenter hires Howden’s Vincenzo Cacia as CEO of Italy
20th June 2023
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has announced the appointment of Vincenzo Cacia as its next CEO of Italy. The company has also announced key appointments in Italy to further strengthen its position in the region. Cacia will be based in Milan, and ... Read the full article
Consistently high ROEs needed to attract fresh reinsurance capital: Lot, Swiss Re
16th June 2023
A positive track record of a high return on equity (ROE) is needed to attract fresh capital to the reinsurance industry, despite the substantially higher pricing seen throughout the year, according to Gianfranco Lot, Chief Underwriting Officer (CUO) of P&C Re at global reinsurance giant Swiss Re. Pricing in the reinsurance ... Read the full article
Guy Carpenter confirms Warwick’s hire as Head of GC Access Asia Pacific
9th June 2023
Reinsurance broker Guy Carpenter has confirmed Steve Warwick's hire as Head of GC Access Asia Pacific. We previously reported Warwick's appointment earlier this month. GC Access is the firm's MGA Solutions Specialty Practice, working with expertise, analytical capabilities, global reach and a broad network of re/insurance relationships to efficiently match MGAs ... Read the full article
Miller names Nick Lockyer Chairman of Direct Marine
8th June 2023
Specialist re/insurance broker Miller has appointed Nick Lockyer to the newly formed role of Chairman of Direct Marine, working in collaboration with Andrew Challacombe in his role as Chairman of Marine. Lockyer most recently served as the joint Managing Director of Marine at Marsh, having been joint Managing Director and Joint ... Read the full article
Climate Resilient Development Bond proposed by Guy Carpenter
8th June 2023
Guy Carpenter, in collaboration with Dr Franziska Arnold-Dwyer from Queen Mary University of London, has announced the proposal of a Climate Resilient Development Bond (CRD Bond), a new re/insurance structure designed to address climate risk at scale. In a recently published briefing document, the reinsurance broker outlines a CRD Bond structure, ... Read the full article