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.
Howden to acquire Italian broker Assiteca
2nd March 2022
Howden Group Holdings, the international insurance intermediary group, has announced plans to acquire Italian-headquartered broker Assiteca S.p.A. Assiteca has employees operating across 19 cities in Italy, as well as operations in Spain and Switzerland, with a turnover of brokerage commissions of approximately €90 million. Howden says the business will be “highly complementary” ... Read the full article
Aon acquires Tyche actuarial software platform
1st March 2022
Aon plc has acquired actuarial software platform Tyche from technology and software firm RPC Tyche, which will provide re/insurers a single technology platform with the ability to seamlessly integrate capital modelling, pricing and reserving to drive better decision-making across both life and non-life business. Tyche is a specialist in developing customised ... Read the full article
Lockton buttresses transaction liability group
1st March 2022
Lockton has appointed Annie Heiss and Alex Connelly to join its Transaction Liability group. The pair, joining in yet-undisclosed roles, will be joining several other hires over the last six months, including Isaura del Carmen, John Burkinshaw, Owen Hern, Nicholas Hill, and Craig Leonhardt. Other Lockton hires have been Craig Wadman, ... Read the full article
BMS to act as ACIN’s silver sponsor
1st March 2022
Independent re/insurance broker BMS has partnered with African Caribbean Insurance Network (ACIN), acting as a 2022 silver sponsor, whilst collaborating with them on achieving their objectives and driving their strategic vision. The ACIN was formed in 2018 and was created to help boost black and minority ethnic representation within the insurance ... Read the full article
WTW Singapore makes two senior appointments
1st March 2022
WTW has appointed Choo Oi San as Singapore Country Leader, and Ludan Wang as Head of Corporate Risk and Broking (CRB) for Singapore. Oi San will hold dual capacity, combining her new role with her current position as Division Leader for South Asia and Emerging Markets, Insurance Consulting and Technology business. In ... Read the full article
Aon hit by cyber attack
28th February 2022
Global insurance and reinsurance broker Aon was hit by a cyber attack on February 25th, 2022, according to an 8-K filed with the Securities and Exchange Commission (SEC) in the U.S. In its filing, Aon states that it identified a cyber incident impacting a limited number of systems. In response, Aon promptly ... Read the full article
Brown & Brown to acquire Orchid & CrossCover
28th February 2022
Global insurance brokerage Brown & Brown has entered into an agreement to acquire Orchid Underwriters Agency and CrossCover Insurance Services. Established in 1998, Orchid is a specialty underwriter of catastrophe-exposed property insurance for homeowners in coastal zones and for high net worth customers. The Orchid management team partnered with industry veteran, Scott ... Read the full article
Jim O’Neill joins McGriff’s Executive Risk Advisors Group
28th February 2022
McGriff, an insurance broking subsidiary of the Truist Insurance Holdings group, has announced the appointment of Jim O’Neill as a Senior Vice President and New York City-based producer in the firm’s Executive Risk Advisors group. O’Neill joins McGriff with nearly 40 years of experience as an underwriter and broker working with ... Read the full article
Gallagher Re reshuffles Australia team with senior appointments
25th February 2022
Global reinsurance broker Gallagher Re has made changes within its Australia operations with a raft of new hires led by the appointment of a new Chief Executive Officer (CEO). Heather Bone has been appointed as CEO from March, where she will lead the company’s operations in the country, working closely with ... Read the full article
Lockton Re appoints new North American casualty facultative leader
25th February 2022
Lockton Re has appointed Craig Wadman as its new North American casualty facultative leader. In his new role, Wadman will report to Rob McNamara, North American facultative leader for the company. McNamara said: “We are continuing to bring in high-caliber hires, which will amplify and strengthen our facultative presence and capabilities in ... Read the full article
Aon appoints leaders for SSI practice in North America
25th February 2022
Re/insurance broker Aon has announced it has formalized its Strategic Solutions and Innovation (SSI) practice within Commercial Risk Solutions in North America, with Ward Ching and Michael Gruetzmacher set to spearhead the practice. Ching serves as Head of Strategic Solutions and Innovation and Gruetzmacher as Head of Alternative Risk Transfer and ... Read the full article
Gallagher Re names new executive vice president in North America
24th February 2022
Gallagher Re has hired Megan McConnell to be its new executive vice president in North America. McConnell will begin her new role in Boulder, Colorado at the beginning of March. She will be joining from Hiscox, where she was CUO. Jim Bradshaw, CEO of North America, Gallagher Re, said: “We are ... Read the full article
Parametrics an “attractive & complementary” alternative: McGill and Partners
22nd February 2022
Parametric triggers in risk transfer can be a powerful tool, offering an effective way for insureds and reinsureds to secure responsive coverage that can be an “attractive and complementary” alternative to indemnity-based products, senior executives at specialty insurance broker, McGill and Partners, told us recently. Transparency is a key factor in ... Read the full article
Cyber reinsurance premium to exceed property cat in decade beyond 2030: Gallagher Re
22nd February 2022
Analysis by global reinsurance broker, Gallagher Re, finds that by 2040 the cyber market will become comparable in size to either property or casualty as the segment experiences a second wave of growth from 2023. Gallagher Re's cyber reinsurance team has published a new white paper, CY-FI: the Future of Cyber ... Read the full article
ABIR welcomes Aon as new member
21st February 2022
Aon has joined the Association of Bermuda Insurers and Reinsurers (ABIR). A statement from ABIR said that Aon was joining Marsh McLennan/Guy Carpenter, Willis Towers Watson, and Lockton Re on ABIR’s Broker Advisory Cabinet, a body that allows for collaborative efforts among Bermuda's leading re/insurers and brokers. Recently, ABIR reported ... Read the full article