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.
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
TigerRisk appoints Simon Chandler and Richard Laird to key positions
29th March 2022
TigerRisk has made what it calls two ‘key hires’ in Australia and the UK. The firm said it was entering the Australian Reinsurance and Programme Market with the appointment of Simon Chandler as head of reinsurance broking, programmes and binders. Based in Sydney, Australia, he will be responsible for driving the ... Read the full article
UK pension schemes increasing number of investments, says Aon
28th March 2022
Global re/insurance broker Aon has said that with 2022 promising to be another active year in the UK pension risk settlement market, an increasing number of schemes are focusing on their investment approach in the bid to be “settlement ready”. Aon’s recent Global Pension Risk Survey 2021/22 showed that more UK ... Read the full article
WTW appoints Richardson as leader for Insurance Consulting & Technology Europe
28th March 2022
Global insurance broker, risk advisor and consultancy WTW has appointed Tammy Richardson as Europe Regional Leader for its Insurance Consulting and Technology (ICT) business. Richardson previously served as the UK & Ireland Leader for the same business. Within her new role, Richardson will lead a team of over 500 colleagues with responsibility ... Read the full article
WTW goes into partnership with RIMS
25th March 2022
Advisory firm WTW is to go into a three-year partnership with the Risk Management Society (RIMS) to ‘advance the practice of risk management’ within Asia Pacific organisations. The firm said that the partnership aims to promote the development of risk professionals in the region and equip them to succeed in an ... Read the full article
Aon enhances its catastrophe forecasting model
25th March 2022
Aon is to enhance its Impact Forecasting catastrophe model for severe convective storm (SCS). The insurance broker said it will incorporate the latest climate science gained from a collaboration with academic researchers Dr. Robert Trapp from the University of Illinois at Urbana-Champaign, and Dr. John Allen from Central Michigan University. The data ... Read the full article
Arthur J. Gallagher acquires Commercial Insurance Underwriters
25th March 2022
Global insurance broker, Arthur J. Gallagher & Co, has acquired Commercial Insurance Underwriters (CIU), a surplus lines agency offering commercial, personal and professional lines coverages for businesses and individuals with complex, unique or hard-to-place risks, primarily throughout the upper and lower Midwest. Founded in 1984, CIU is a surplus lines agency ... Read the full article
WTW adds open source capabilities to Radar software
25th March 2022
Re/insurance broker WTW has today announced the launch of the newest version of its Radar software, which features a fully integrated Python capability. By integrating Python into Radar, insurers using the software will be able to combine its pricing capabilities with other open source software. WTW says the new version of Radar ... Read the full article
Miller acquires Henner Sports
24th March 2022
Insurance broker Miller has said it is acquiring Henner Sports. Henner Sports is a French broker with fourteen employees based in Paris. Its client base is focused on high profile professional athletes and sports organisations with clients including the French national basketball team and the French international football players. Henner Sports also ... Read the full article
RWI underwriters deny & tighten coverage in Russia – Ukraine: CAC Specialty
23rd March 2022
Insurance broker CAC Specialty has said the representations and warranties insurance (RWI) market has tightened significantly in Russia, Ukraine, and other impacted regions with some underwriters outright denying coverage. In a specialty report which was compiled based on feedback from numerous RWI underwriters, CAC stated how RWI appetite in the region ... Read the full article
McGill and Partners names Aon’s Mignon as CFO
22nd March 2022
Boutique specialist re/insurance broker McGill and Partners has appointed Dominic Mignon as Deputy CFO at McGill and Partners, and CFO of McGill and Partners Ltd, after spending the past 23 years at Aon. Mignon holds just under 25 years’ experience in the industry, having started his career at Benfield delivering impact ... Read the full article
Acrisure to acquire Volante Global; expects premiums to increase substantially
22nd March 2022
Insurance and reinsurance broker Acrisure is set to acquire managing general agent (MGA) Volante Global, a provider of niche, specialist re/insurance solutions with 2021 premiums of roughly $350 million. Under the arrangement, Acrisure will take control of all of Volante's brands, including Aesir Space, Horizon Europe AG, and all territory-based MGAs ... Read the full article
Marsh launches ESG risk assessment tool
22nd March 2022
Insurance and reinsurance broker Marsh has launched its Environmental, Social, and Governance (ESG) Risk Rating, an assessment tool that can measure an organisation’s ESG performance, enabling them to improve their ESG risks, and gain access to additional insurance market capacity. The rating tool can assess against more than 10 internationally recognised ... Read the full article
TigerRisk makes two senior appointments
21st March 2022
TigerRisk Partners has made two new senior appointments. According to a LinkedIn post from the company, the firm has hired James Loggie, who will join the global trade credit, surety and political risk business, and become a partner. TigerRisk has also appointed Joel Hodges to be both partner and head of ... Read the full article
BMS hires Howden’s Eliot Powell as Group Chief Commercial Officer
21st March 2022
Insurance and reinsurance broker BMS Group has appointed Howden's Eliot Powell as its new Group Chief Commercial Officer (CCO), based in London and reporting to Nick Cook, Chief Executive Officer (CEO) of BMS. In his new role, Powell will be tasked with further expanding and delivering on the re/insurance broker's strategic ... Read the full article