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.
Reinsurers’ underlying combined ratio sub-100 for first time since 2014: Gallagher Re
7th April 2022
According to global reinsurance broker Gallagher Re, reinsurers’ weighted average reported combined ratio was 97.6% in 2021, a sharp improvement from the COVID-19-impacted 104.1% for the year prior. On an underlying basis, so excluding prior year development and normalising for natural catastrophe losses, reinsurers' combined ratio improved from 100.7% to 99.8% ... Read the full article
Aon makes senior hire to its UK client industry sector
6th April 2022
Global re/insurance broker Aon has appointed David Kennedy as Client Industry Sectors Leader for the UK, where he will report to Jane Kielty, UK Chief Commercial Officer. Kennedy, who joins the firm on April 11 2022, brings more than 20 years of experience in corporate risk management, insurance broking and general ... Read the full article
Energy transition risk accelerated by events in Eastern Europe: WTW
6th April 2022
According to the annual Energy Market Review by global re/insurance broker WTW, the need to manage energy transition risk is being accelerated by the requirement to seek alternative sources of energy to oil and gas, following events in Eastern Europe. The report also covers the volatility of the energy sector, with ... Read the full article
AJ Gallagher acquires UK claims administrator
6th April 2022
Global insurance broker, Arthur J. Gallagher & Co., has announced its acquisition of UK third-party claims administrator Claims Settlement Agencies Ltd (CSA). Arthur J. Gallagher’s risk management services subsidiary, Gallagher Bassett International Ltd (GB), carried out the purchase of CSA, which is based in Hadleigh, Essex. Founded in 1990, CSA specializes in ... Read the full article
BMS names Elizabeth Robinson as director, financial lines
5th April 2022
Specialist re/insurance broker BMS has appointed Elizabeth Robinson as a director in financial lines, where she will be based in London, and will report to Chris Madell, managing director of financial and professional lines. Robinson joins BMS from Tysers where she spent more than 5 years, most recently as director of ... Read the full article
Calm April renewals dominated by an orderly Japanese market: Vickers, Gallagher Re
1st April 2022
Both buyers and sellers of protection managed expectations well at the April 1st, 2022, reinsurance renewals, driven by its heavy focus on the disciplined Japanese market, resulting in a calm 1/4, according to James Vickers, Chairman International, Reinsurance at Gallagher Re. We spoke with Vickers around the launch of reinsurance broker ... Read the full article
Inflation a hot topic at “balanced” April reinsurance renewals: Gallagher Re
1st April 2022
During an "undramatic" and "balanced" April 1st, 2022, reinsurance renewals season, there was widespread discussion about inflation as reinsurers were keen to understand its impact on cedants' portfolios, reports Gallagher Re. The reinsurance broker's latest April 1st View report was released this morning, revealing modest reinsurance rate increases characterised by an ... Read the full article
Marsh McLennan commits to net zero by 2050
31st March 2022
Marsh McLennan has committed to reaching net zero across its operations by 2050, alongside reducing its carbon emissions by half in the next eight years. All this was detailed in the firm’s just-released Accelerating Impact report, where it sets out its emissions reduction target. That target, says Marsh McLennan, is aligned ... Read the full article
Miller names Andrew Barr as Broker, Credit & Political Risk
31st March 2022
Specialist re/insurance broker Miller has appointed Andrew Barr to its Credit and Political Risks (CPRI) team as Credit & Political Risk Insurance Broker, where he will continue to be based in London. Barr joins from Texel, where he spent the last four years as a broker. Prior to Texel, he was ... Read the full article
Marsh McLennan appoints Mikhail Vanyo as general counsel
31st March 2022
Marsh McLennan has appointed Mikhail Vanyo as general counsel of Marsh. Vanyo will succeed Katherine Brennan, who was made senior vice president and general counsel earlier in the month. He will report directly to Martin South, president and CEO of Marsh, as well as Brennan. Based in New York, Vanyo will ... Read the full article
Guy Carpenter appoints Enoizi as global head of public sector
30th March 2022
Global reinsurance broker Guy Carpenter has appointed Julian Enoizi as global head of public sector. The firm said that the position would become effective on 11 April. Enoizi will be responsible for driving the company’s growth strategy. He will work with the global team to identify opportunities to address systemic risks, such ... Read the full article
Gallagher makes multiple appointments in southern UK offices
30th March 2022
Gallagher has made a number of people moves in its UK business to help support its continued growth. According to the firm, it has made seven appointments through several of its offices in the south of the country. It said that it has appointed Steve Risk as regional managing director of the ... Read the full article
WTW names Joseph Noss as Senior Director, Finance Sector
30th March 2022
WTW, a global advisory, broking and solutions company, has appointed Joseph Noss as Senior Director, Finance Sector, in the company’s Climate and Resilience Hub (CRH), where he will be based in London. In his new role, Noss will lead engagement with financial institutions, markets and regulators worldwide to support the transition ... Read the full article
Miller launches new France-based cargo team
30th March 2022
Broker firm Miller is launching a new, France-based team to expand its cargo facilities across Europe. Joining the team will be Nicolas Juge, who will be head of cargo; Gaëlle Besnardeau, account executive; Murielle Ducamp, claims executive; and Melissa Oddoze, account handler. The team will be located in Marseilles. They are ... Read the full article
Pricing must remain favourable to outstrip inflation: Gallagher Re
29th March 2022
Analysts at reinsurance broker Gallagher Re have contended that pricing and terms need to remain favourable in order for re/insurers to maintain or grow margins in 2022 and 2023. Reflecting on recent conference calls, the broker noted that inflation remains one of the most widely discussed themes among senior executives. Last year, ... Read the full article