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.
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
Howden agrees to acquire French firm CRF
29th July 2022
Insurance and reinsurance broker Howden has signed an agreement to acquire broker firm CRF. The firm said in a statement that this was its first acquisition in France since appointing Nicolas Aubert as CEO of Howden France. CRF was founded in 1999 and focuses on financial lines. Aubert said in a statement: ... Read the full article
Aon’s Reinsurance Solutions delivers organic revenue growth of 9% in Q2
29th July 2022
Insurance and reinsurance broker Aon has announced total organic revenue growth of 8% to $3 billion in the second-quarter of 2022, on the back of growth in all business segments including a notable 9% rise in organic revenue within its Reinsurance Solutions arm. Across the firm, Aon has revealed that net ... Read the full article
WTW posts 3% organic growth, maintains full-year targets
28th July 2022
Re/insurance broker WTW has posted 3% organic revenue growth for the second quarter of 2022, despite total revenues declining by 3% to $2.03 billion. After posting 2% organic growth in Q1, the broker seems to remain slightly below its target of “mid-single digit” organic revenue growth for the full year, ... Read the full article
Acrisure Re hires Chuck Furlong as senior vice president and broker
27th July 2022
Acrisure Re, the reinsurance division of Acrisure, has appointed Chuck Furlong as senior vice president and broker. Furlong will focus on expanding Acrisure Re’s reinsurance capabilities in property and casualty in North America. He most recently served at Guy Carpenter, where he was head of US casualty facultative reinsurance. Read the full article
US property cat reinsurance rates up by 15% in 2022: Guy Carpenter
25th July 2022
So far this year, property catastrophe reinsurance rates-on-line in the U.S. have risen by almost 15%, representing the largest increase in the Guy Carpenter U.S. Property Catastrophe Rate on Line Index since 2006. Reinsurance broker Guy Carpenter's index is a proprietary index of U.S. property catastrophe reinsurance rate-on-line movements, so ... Read the full article
H1 2022 “most challenging property market for years” – Klisura, Guy Carpenter
25th July 2022
The first half of 2022 was “the most challenging property market we have seen in a number of years”, according to Dean Klisura, President and Chief Executive Officer of Guy Carpenter. Speaking during Marsh McLennan’s Q2 2022 earnings call, he said that US property catastrophe rates have ... Read the full article
BMS Re acquires reinsurance broker Calomex
25th July 2022
BMS Re, the reinsurance arm of the independent specialist broker, has acquired reinsurance broker firm Calomex for an undisclosed amount. A statement from BMS said that it would acquire Calomex in full with Jorge Bellot, president of the latter, reporting to Aidan Pope, executive chair and CEO of BMS Re LAC. Pope ... Read the full article
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