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 appoints Andrea García Beltrán to new role
26th May 2022
WTW has appointed Andrea García Beltrán as the new head of FINEX, for Latin America. Based in London, Andrea joins WTW from RSA, where she was the UK and international Head of Cyber for underwriting for four years. Andrea will relocate to the region upon joining WTW, bringing more than 15 years’ ... Read the full article
Howden appoints Marsh’s Sarah Neild to lead UK Cyber Retail Practice
26th May 2022
International insurance broker, Howden, has appointed Sarah Neild as Head of UK Cyber Retail, where she will report to David Rees, and be based in London. Neild will join Howden in November once her contractual obligations have been fulfilled. Her appointment reflects Howden’s commitment to continue with investing in its Cyber proposition, ... Read the full article
Aon hires Craig Fenster for agriculture reinsurance team
26th May 2022
Aon has hired Craig Fenster to be managing director of its agriculture reinsurance team. Fenster, who announced the move on LinkedIn, is joining the firm from Accelerant Holdings where he was exposure reporting lead. Before that position, he spent over five years as vice president of underwriting at AmTrust Financial Services. He ... Read the full article
Marsh names Global Political Risk & Structured Credit Leader
24th May 2022
Re/insurance broker Marsh has announced the appointment of Rob Perry as Global Political Risk & Structured Credit Leader, Marsh Specialty, effective July 1. Based in London, he will oversee the development of Marsh Specialty’s political risk and structured credit capabilities globally, reporting to Nick Robson, Global Leader, Credit Specialties, Marsh Specialty. Perry ... Read the full article
BMS names WTW’s Ted Hodgkinson as Executive Chairman, Asia
23rd May 2022
Ted Hodgkinson has joined insurance and reinsurance broker BMS from WTW as its new Executive Chairman for Asia, where he will play a key part in bolstering the company's geographic reach within the region and promote a collaborative and client-centred approach. Hodgkinson joins BMS in late November 2022 after more than ... Read the full article
“Demand for untapped minerals could fuel geopolitical tensions” – Marsh
23rd May 2022
A new report from Marsh says that rising competition for untapped mineral resources could fuel geopolitical tensions. The firm, in its 2022 Political Risk Report, says that while land borders between countries remain key delineators of political risk, competition for ocean territory, minerals, and space will increasingly influence interstate relations. Marsh said ... Read the full article
Guy Carpenter promotes Petka & Underwood within GC Access
23rd May 2022
Reinsurance broker Guy Carpenter has named Matt Petka as President of GC Access North America and Branch Manager of the firm's Dallas office, as Riley Underwood takes over as Head of Client Solutions for GC Access, effective immediately. Guy Carpenter launched its GC Access unit in 2020 to provide dedicated ... Read the full article
Brokerslink adds six to network
20th May 2022
Broker firm Brokerslink has added six technology firms to its network. The six founding ‘B.tech affiliates’ are: BWD (digital transformation), KYND (cyber security), Innovagency (digital experience), Inovretail (data science provider) , IT Power (business process and claims management) and Lightico (customer experience). According to the company, the new affiliates are the first ... Read the full article
WTW’s Radar upgrade mitigates “black-box” risks with increased transparency
20th May 2022
Re/insurance broker WTW has announced the launch of the newest version of its leading-edge Radar pricing software, Radar 4.15. The latest version overcomes a major barrier to wider adoption of machine learning by introducing a market-first capability, making it significantly easier for insurers to benefit from the full predictive power of ... Read the full article
Lockton Re hires James Donnelly for its accident, health, and life segment
19th May 2022
Lockton Re has hired James Donnelly as a senior broker within its accident, health, and life segment. A statement from the firm said that Donnelly was most recently part of the life, accident, and health team at Guy Carpenter and has also spent time at Aon as an associate director. Before that, ... Read the full article
Firm order terms for TWIA’s 2022 reinsurance renewal suggests ROL of 6.75%
18th May 2022
The Texas Windstorm Insurance Association (TWIA) looks set to pay more for its larger 2022 traditional reinsurance program, with firm-order-terms (FOT) for the renewal pointing to a rate-on-line (ROL) of 6.75%, according to its broker Gallagher Re. Yesterday, the board of the Texas insurer of last resort heard from representatives of ... Read the full article
Acrisure Re hires Ainsby from WTW to lead new Asia fac operation
18th May 2022
Acrisure Re, the reinsurance arm of the brokerage and fintech platform, has hired Duncan Ainsby from WTW to lead its new Asia facultative operation based out of the firm's new Hong Kong office. Ainsby takes on the role of Senior Vice President (SVP) of Facultative Reinsurance and Head of Asia. Based ... Read the full article
WTW appoints Henry Keville as new head of FINEX GB financial institutions
13th May 2022
WTW has appointed Henry Keville to be its new head of FINEX GB financial institutions. The firm said that Keville will be based in the UK and will report into Marcus Porter Wright, head of FINEX GB. Porter Wright said in a statement: “I am delighted that Henry will lead our Financial ... Read the full article
Gallagher Re suggests reinsurance adjustments to mitigate inflation pressure
13th May 2022
Analysts at Gallagher Re have suggested a number of changes to the way that insurers utilise reinsurance protection in order to better account for and mitigate the growing challenge of inflation. In a new report, the broker notes that the debate around inflation has moved on from whether it will spike ... Read the full article
WTW launches new initiative for Fiji and Papua New Guinea
9th May 2022
WTW has launched a new financial initiative to help fishing communities in Fiji and Papua New Guinea (PNG) to be more resilient to the adverse impacts of climate change. The firm plans to do this in collaboration with the WWF under the Global Environmental Facility’s (GEF) project named Financial Tools for ... Read the full article