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.
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
Aon appoints Toffanello as Reinsurance Solutions’ Head of Italy
24th June 2022
Global professional services firm, Aon plc has named Pietro Toffanello as Reinsurance Solutions’ Head of Italy. The move will be effective in the second half of 2022, and subject to regulatory approvals, Toffanello will replace the current long-standing Italy Chief Executive Officer (CEO) for Reinsurance Solutions - Gianluca Venturini, who will ... Read the full article
Inflation, not rates, driving property premium pain – WTW
23rd June 2022
WTW's Insurance Marketplace Realities Spring Update reports that property insurance premiums will continue to rise throughout 2022, but these increases will mostly be driven by inflation raising insurable values, as opposed to rate increases. Double-digit rate increases are however likely for challenged occupancies such as forest products, metals, waste management, food ... Read the full article
Gallagher Re names Head of Belgium branch
23rd June 2022
Philippe De Longueville is set to join reinsurance broker Gallagher Re’s EMEA West South team as Head of the company’s Belgium branch. Gallagher Re posted a tweeted earlier today confirming the appointment. The tweet said: “Delighted to announce that Philippe De Longueville will join our EMEA West South team as Head of ... Read the full article
Consilium appoints James Baird in senior leadership role
23rd June 2022
Consilium, an international re/insurance broker and part of the Aventum Group, has announced that James Baird is joining the company in a senior leadership position. Baird joins the company from Ardonagh-owned Ed Broking, where he was Director of its Strategic Risk Group. Within his new role at Consilium, Baird will work alongside ... Read the full article
MNK Re appoints Steven Oluoch to head up Kenya offering
23rd June 2022
MNK Re Limited, an independent broker of worldwide specialist risks into Lloyd’s, has appointed Steven Oluoch as Chief Executive of its new Kenya and East Africa office. Oluoch has over 30 years of experience in the Kenyan and COMESA markets, having most recently worked as Chief Executive for a prominent East ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
