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, Liberty Specialty Markets, and AIG collaborate on re/insurance facility for hydrogen projects
23rd August 2022
Marsh has collaborated with Liberty Specialty Markets and AIG to launch a new re/insurance facility that provides capacity to green and blue hydrogen energy projects. The facility will provide up to $300m of cover per risk for the construction and start up phases of hydrogen projects globally. As well as providing ... Read the full article
WTW appoints new Leader for Hong Kong & Macau
22nd August 2022
Broking firm WTW has announced the appointment of Sean Deehan as Leader for Hong Kong and Macau, effective from the 1st of September 2022. Deehan holds 25 years of life insurance, health insurance and pensions experience, including more than 10 years working in Mainland China and Hong Kong. He joined WTW in ... Read the full article
McGill and Partners adds Jacqueline Tovey to Fac Reinsurance Team
18th August 2022
Specialist re/insurance broker McGill and Partners has appointed Jacqueline Tovey to be a partner in its Facultative Reinsurance team. Tovey brings 25 years of experience in the insurance industry and has developed an extensive knowledge of operations and policy documentation. She is passionate about modernisation of the placement process using technology to ... Read the full article
Aon outlines opportunities for sub £100m bulk annuity transactions
16th August 2022
In a recent UK risk settlement bulletin, insurance and reinsurance broker Aon has outlined the opportunities for sub £100 million transactions within the industry. The bulletin notes then insurers are more likely to attain a steady flow of business by competing in auction processes across a range of sizes, as focussing ... Read the full article
Capacity stabilizing across GB cyber market: WTW
16th August 2022
New analysis from broking firm WTW shows that capacity stabilized for most cyber re/insurance market segments in Great Britain (GB) during Q2, with increased competition noted in some areas as available capital grows. Looking at key developments in the GB market, analysts observed significant changes during the second quarter of 2022, ... Read the full article
Aon & University of California collaborate on wildfire modelling
15th August 2022
Re/insurance broker Aon has announced a new collaboration between its Impact Forecasting team, the University of California, Merced and the University of California, Los Angeles to implement the latest climate change science and research into Aon’s US wildfire catastrophe model. The academic collaboration will support the development of climate-conditioned fire danger ... Read the full article
Oneglobal Broking Brazil adds three new hires
15th August 2022
Commercial insurance and reinsurance broker, Oneglobal Broking, is welcoming three new members to their Brazil reinsurance team. Bruna Pesenato Xavier has been appointed P&C and Construction reinsurance broker; Caroline Morett as Oil & Gas and Marine reinsurance broker; and Monique Gusmão as Claims & Operations analyst. The new hires will be reporting ... Read the full article
WTW expands energy team in Houston with senior hire
11th August 2022
Broker WTW, has announced that it has appointed Blake Koen to join the company’s rapidly expanding energy team in Houston as managing director, global client advocate, natural resources for its North America business. Within this role, Koen will help to develop and execute the strategic direction of WTW’s energy business. Koen brings ... Read the full article
AJ Gallagher foresees no adverse impact from Inflation Reduction Act
11th August 2022
Re/insurance broker Arthur J. Gallagher & Co. has said that it is not anticipating any additional tax liabilities or material adverse impacts from the introduction of the Inflation Reduction Act of 2022 (IRA) in the US. The IRA, which was passed by the U.S. Senate on August 7, 2022, is not ... Read the full article
WTW hires Sarah Conway as Head of its Ecosystem Resilience practice
11th August 2022
Broker WTW has appointed Sarah Conway as Head of its Ecosystem Resilience practice and Director in the Disaster Risk Finance/Parametrics unit within the company’s Climate and Resilience Hub (CRH). Since 2018, WTW’s Ecosystem Resilience practice has become a leader in the risk management and insurance of natural capital assets, including multi-national ... Read the full article
Arthur J. Gallagher acquires Evergreen Insurance Managers
10th August 2022
Arthur J. Gallagher & Co. has acquired Evergreen Insurance Managers for an undisclosed amount. A statement from the firm said it had purchased the wholesale insurance broker and commercial insurance MGA through its Risk Placement Services (RPS) division. J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher, said: "The Evergreen team ... Read the full article
Aon appoints Sucheng Chang to top job in Hong Kong
10th August 2022
Aon has appointed Sucheng Chang to be the new head of its Hong Kong office. The firm made the announcement through a post on LinkedIn. It is understood that Chang will be moving to his new role after thirteen years with Liberty Mutual Insurance, based in Singapore, where he held a number ... Read the full article
Alleghany names Adam Sills President and CEO of CapSpecialty
8th August 2022
CapSpecialty, a wholly-owned subsidiary of Alleghany Corporation, has announced that Jack Sennott is stepping down from his roles as CEO, President and Chair, effective August 31. Current Head of Specialty Underwriting, Adam Sills, has been named by Alleghany to succeed Sennott as President and CEO. Sills has served as CapSpecialty’s Head of ... Read the full article
Aon’s Reinsurance Solutions names WTW’s Becky Allison as COO of STG
5th August 2022
Becky Allison has been announced as the new Chief Operating Officer (COO) of re/insurance broker Aon's Strategy and Technology Group (STG), Reinsurance Solutions, based in London. In her new role, Allison takes on responsibility for the day-to-day business operations of STG. This includes implementing the division's strategy to bring Aon's expertise ... Read the full article
Accord Mortgages joins Gallagher Re’s Deposit Unlock scheme
4th August 2022
Global reinsurance broker, Gallagher Re, has welcomed Accord Mortgages as the latest UK lender to join Deposit Unlock, a reinsurance-backed mortgage indemnity scheme. After joining this scheme, Accord Mortgages can now lend up to 95% loan-to-value (LTV) for new build houses as the government’s Help to Buy and mortgage guarantee schemes ... Read the full article
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