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.
BMS builds out casualty capabilities with new hires
30th June 2022
BMS, the independent insurance and reinsurance broker, has announced the appointment of seven industry hires to its growing casualty division. Andrew Park, Charles Waddington, Sean Cahill, and Natasha Anne Mitchell González all join BMS as Directors, effective October 2022. Based in London, the team will report to Chris Ritchie, Managing Director of ... Read the full article
WTW appoints new Global Head of ICT business
30th June 2022
Advisory and broking solutions company WTW, has appointed Frank Schepers to lead its Insurance Consulting & Technology (ICT) business. He replaces Alice Underwood, who is retiring this year after 16 years of dedicated service to WTW, which includes five years as head of ICT, leading the company through a period of ... Read the full article
WTW names Sudhir Modhvadia as Head of Structured Risk in GB
30th June 2022
Re/insurance broker WTW, has appointed Sudhir Modhvadia as Head of Structured Risk, GB, where he will report to Alex Shepherd, Head of Facultative, WTW. Within this role, he will also be based in London. As Head of Structured Risk, Modhvadia will be responsible for all multiple risk transactions within Facultative as the ... Read the full article
Gallagher acquires Erimus
29th June 2022
Global insurance and reinsurance brokerage Gallagher has acquired broker firm Erimus. The firm has said it bought the privately-owned firm, which is based in the north east of England and deals with around 2,500 clients. Michael Rea, CEO of Gallagher’s Retail Division, UK & Ireland, said: “We are delighted to welcome Paul, ... Read the full article
Aon names Saudi Arabian CEO of Commercial Risk Solutions
29th June 2022
Re/insurance broker Aon has announced the appointment of Samer AlFayez as CEO of Aon Saudi Arabia for the Commercial Risk Solutions in the Kingdom. Prior to joining Aon, AlFayez was Chief Executive Officer of Elite Insurance and Reinsurance Brokers. He also served as Deputy President of the General Committee of Saudi Insurance ... Read the full article
WTW names head of financial solutions for APAC
28th June 2022
WTW has expanded the role of Lee Garvey, who will take on the role of regional head of financial solutions for Asia Pacific at the beginning of July. The firm said that Garvey, who currently leads the Australasia Financial Solutions business, will oversee the development of credit and non-payment insurance solutions, ... Read the full article
Climate policy weakest in countries reliant on fossil-fuel income
28th June 2022
The governments of Bangladesh, Malaysia, the Philippines, Chile, and Senegal are most strongly committed to prioritising climate when making public policy, according to new analysis by Oxford Analytica and WTW. Commitment on climate policy in the emerging world is strongest in countries most vulnerable to the impacts of global warming ... Read the full article
WTW adds Taffy Jo Mayers to its Insurance Consulting & Technology business
28th June 2022
Advisory and broking solutions company, WTW has appointed Taffy Jo Mayers to the company’s Insurance Consulting and Technology business. Within this role, she will lead the unit’s Commercial Lines pricing and underwriting propositions in order to help insurers modernise and thrive in this evolving market. Mayers joins WTW from EY North America, ... Read the full article
Clear Group completes new investment from Goldman Sachs
28th June 2022
The Clear Group, a chartered insurance broker that arranges business insurance and home insurance for various sectors, has completed a new investment from Goldman Sachs Asset Management. Clear says the investment will help to “drive the next phase of its growth strategy,” including extending its reach into new markets through the ... Read the full article
Gallagher Re recruits climate resilience leader from World Bank
27th June 2022
Reinsurance broker Gallagher Re has recruited Antoine Bavandi to lead a newly established Public Sector & Climate Resilience Solutions global practice. As Global Head of Public Sector, Parametric & Climate Resilience Solutions, he will manage the practice as it looks to advise both public and private sector institutions. Bavandi most recently served ... Read the full article
Upstream energy market rates remain stable – Gallagher
27th June 2022
Upstream energy market rates have remained stable, according to a new report by Gallagher. Despite rate rises, buyers can expect different treatment depending on the type and scale of coverage required. Offshore portfolio pricing for large national and international oil companies is either flat or experiencing modest increases, but ... Read the full article
Miller hires Susana Bramwell to build out Media & Entertainment
27th June 2022
Independent specialist re/insurance broker Miller has appointed Susana Bramwell to lead an expansion of its offering into the Media, TV and Film space. Joining Miller later this year, Bramwell will become part of a market leading Sports & Entertainment business, which sits within Special Risks. She has over 30 years’ experience in ... Read the full article
Re/insurers positioned to be “driving force” in climate fight: Gallagher Re
24th June 2022
Analysts at Gallagher Re have argued that the insurance and reinsurance industry is well-placed to act as “the driving force behind societal resilience in the face of growing climate risks.” Writing in a blog for the reinsurance broking firm, Divisional Director for Climate & ESG Marie Ekström and Climate Risk Analyst ... Read the full article
Colin Harper joins Aon alternative risk transfer team
24th June 2022
Aon has appointed Colin Harper as Managing Director, Alternative Risk Transfer and Innovation within its Strategic Solutions and Innovation Practice based in Houston, Texas. Harper joins Aon from Descartes Underwriting, where he spent the previous year as Senior Business Development Manager, North America, also based in Houston. Prior to this, he worked ... Read the full article
WTW launches price inflation prediction tool for motor insurers
24th June 2022
Re/insurance broker WTW has announced the launch of a new price inflation forecasting technology for motor insurers that leverages advanced machine learning. In collaboration with Solera Audatex, WTW developed this tool to help motor insurers more accurately allow for the future cost of motor repairs in their pricing. The “ground-breaking tool”, as ... Read the full article
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