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.
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
Insurtech investments up to $2.4 billion in Q2 2022, says Gallagher Re
4th August 2022
Investment in the insurtech space in the second-quarter of 2022 increased by 8.3% from the opening quarter of the year to $2.41 billion, as a rise in the average deal size masked a decline in the overall number of deals, according to reinsurance broker Gallagher Re's latest Global Insurtech Report. Despite ... Read the full article
Lockton announces new additions to Transaction Liability Practice
3rd August 2022
Lockton has announced two new additions to its growing Transaction Liability Practice, suggesting the new hires will bring expertise in real estate transactions and tax matters as the broker continues to enhance its capabilities for its clients. Andrea Anderson joins Lockton as a Senior Vice President in the company’s Transaction Liability ... Read the full article
Gallagher appoints Huw Turner as partner in renewable energy team
3rd August 2022
Re/insurance broker Gallagher has named Huw Turner Partner, Renewable Energy as the firm expands the renewables team to meet increased client demand. Turner will be reporting to executive partner Gavin Tidman, and will work closely with Gallagher’s head of renewables, Duncan Gordon. Bringing 25 years of energy sector experience, he joins Gallagher ... Read the full article
Aston Lark Ireland acquires Sparrow Insurances
3rd August 2022
Insurance broker and Howden company, Aston Lark Ireland, has acquired Sparrow Insurances Limited. Sparrow Insurances offers a full range of commercial and personal insurance products as well as life, pensions and investment products to its clients. Over the years, the company has established a strong brand and excellent reputation as a trusted ... Read the full article
McGill names Danielle Melone partner in fac reinsurance team
2nd August 2022
Specialist re/insurance broker McGill and Partners has appointed Danielle Melone as partner in its Facultative Reinsurance team. In her new position, Melone will focus on North American Property and Builders Risk placements. Prior to joining McGill and Partners, she headed Facultative Reinsurance Solutions at Relay Platform for seven months. She began her reinsurance ... Read the full article
Oliver Wyman opens new Actuarial office in Bermuda, appoints leader
2nd August 2022
Oliver Wyman, a global management consulting firm and business of Marsh McLennan has announced the opening of a new Actuarial office in Bermuda. The firm has also announced that Faisal Haddad has been appointed as Head of the Bermuda Actuarial team. Haddad has more than 15 years of diverse international industry experience ... Read the full article
McGill appoints Cousar to build out APAC fac reinsurance growth
1st August 2022
Specialist re/insurance broker, McGill and Partners has appointed David Cousar as Partner in its facultative reinsurance team. Cousar's appointment is part of McGill and Partner’s entrance into the APAC market as the firm continues to grow its global reach. Within this new role, Cousar will be based in Sydney, Australia, where ... Read the full article
Acrisure Re enters broking partnership with LEUE & NILL
1st August 2022
Acrisure Re, the reinsurance division of global insurance broker and fintech platform, Acrisure, has entered into a strategic broking partnership with German broker, LEUE & NILL, effective immediately. One of the largest insurance brokers in Germany with more than 500 employees, LEUE & NILL provides a full range of insurance services ... Read the full article
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