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 hires Sarah Freitag from Gallagher Re
30th August 2022
Sarah Freitag has joined insurance and reinsurance broker Aon from Gallagher Re, taking on the role of Executive Managing Director, Head of E&S Specialty P&C. Based in New York, Freitag joins Aon after spending roughly 10 months with reinsurance broker Gallagher Re, initially as Executive Vice President, Specialty Property Segment Leader, ... Read the full article
Lack of extreme weather protection in semiconductor industry is concerning: WTW
26th August 2022
A significant percentage of the semiconductor industry likely lacks extreme weather protection, an issue highlighted in a recent survey by re/insurance broker, WTW. The Global Semiconductor Industry Survey also highlighted that gaps in cover could prove costly as extreme weather increases. It noted that one of the main challenges companies face ... Read the full article
Ace Insurance Brokers makes three appointments
26th August 2022
Ace Insurance Brokers has made three new appointments. A LinkedIn post from the firm said that Palak Sharma had been appointed to the role of assistant manager for directinsurance; Aditya Nigam as manager of direct insurance; and Akshay Kasare as executive of reinsurance. The post read: “A warm welcome and lots of ... Read the full article
Underinsurance risk in resurgent hospitality sector: Lockton
25th August 2022
Amidst the hospitality sector's recovery from the pandemic and rising inflation, re/insurance broker Lockton has warned businesses to closely evaluate building reinstatement values to avoid being inadvertently underinsured. The hospitality industry's financial prospects have significantly improved this summer thanks to increased demand and a decrease in COVID-19 restrictions. However, Lockton warns that ... Read the full article
Aon beefs up its ReSolutions structured finance team
25th August 2022
Aon has made three appointments to its ReSolutions structured finance team. The team, which sits within the Capital Advisory unit in the firm’s Reinsurance Solutions division, will be joined by Sherman Power, who becomes global head of innovation alongside his role as head of ReSolutions US; Barry Gale, who becomes global ... Read the full article
Marsh & Ascot’s Ukrainian grain insurance facility now open to Lloyd’s brokers
23rd August 2022
Insurance broker Marsh and global specialty re/insurer Ascot Group have announced the first insurance placement for the new Marine Cargo and War facility. Launched earlier this month, the facility provides coverage for vital grain and food products transitioning through safe corridors established by the newly signed Black Sea Treaty between ... Read the full article
Re/insurer H1 results ‘exceptionally strong’, says Gallagher Re
23rd August 2022
Gallagher Re has reported that underwriting results were "exceptionally strong" for global re/insurers across the board in H1 2022 with an average combined ratio of 94.1%, and all but three re/insurers posting a sub-100% combined ratio. The firm said that this level of profitability is broadly in line with the 93.8% ... Read the full article
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
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