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.
Commercial insurance prices increased 11% in Q1 2022: Marsh
28th April 2022
Marsh’s latest Global Insurance Market Index shows that commercial insurance prices around the world increased 11% in Q1 2022. Amongst its findings, the survey found that cyber insurance rates continued to rise driven largely by the continued increase in the frequency and severity of ransomware claims with many insurers seeking to ... Read the full article
WTW targets organic growth despite Q1 revenue dip
28th April 2022
Re/insurance broker WTW has reported revenue of $2.16 billion for the first quarter of 2022, representing a decrease of 3% compared with the $2.23 billion it reported for the same period last year. However, on an organic basis, revenue increased by 2%, and WTW continues to target “mid-single digit” organic revenue ... Read the full article
Howden, Munich Re & Skyline develop parametric solution for Jamaican farmers
27th April 2022
Broker Howden has partnered with global reinsurer Munich Re and Skyline Partners, a private-equity funded UK insurtech, to develop a parametric insurance solution designed to protect farmers in Jamaica from extreme weather events. With farming being the main the source of income for roughly 18% of the Jamaican population, adverse weather ... Read the full article
C3 Risk & Insurance Services elected as partner by Assurex Global
27th April 2022
San Diego-based specialty insurance brokerage, C3 Risk & Insurance Services has announced its membership in Assurex Global – the worlds largest privately held commercial insurance, risk management and employee benefits brokerage group. C3 will maintain its autonomy as a locally owned, privately held brokerage, but its membership in Assurex Global will ... Read the full article
Lockton positions for growth with new international leadership structure
25th April 2022
Insurance and reinsurance broker Lockton has made some changes to its international leadership, including the appointment of EJ Hentenaar as Chief Executive Officer (CEO) of Europe as Chris Brown takes on the role of President of Lockton International. Hentenaar currently serves as Head of Global Financial Risks at Lockton and assumes ... Read the full article
McGill and Partners appoints Andy Hill as partner in its structured solutions team
25th April 2022
McGill and Partners has appointed Andy Hill to be a partner in its structured solutions team. The firm said it was hiring Hill from DARAG Group, where he has been serving as group COO. Hill’s focus in his new role will be on retrospective solutions, helping clients to achieve capital and operational ... Read the full article
Guy Carpenter’s revenue jumps 11% in the first-quarter of 2022
21st April 2022
Marsh McLennan's (MMC) reinsurance broking arm, Guy Carpenter, has reported an 11% rise in underlying revenue in the first-quarter of 2022 to $999 million, as its parent reports consolidated revenue of $5.5 billion for the period. Revenue growth at Guy Carpenter supported total Q1 2022 revenue of $3.5 billion within MMC's ... Read the full article
Aon sets up IP-based funding for self-ordering tech firm
21st April 2022
Aon has set up a $35 million intellectual property (IP) based funding arrangement for GRUBBRR, a provider of self-ordering technologies, creating an IP-collateralized debt structure that enabled the firm to raise additional funds through debt. Headquartered in Boca Raton, Florida, GRUBBRR’s technologies include kiosks, mobile ordering, POS, online ordering, KDS and ... Read the full article
Businesses under-insuring intangible assets: Aon
19th April 2022
Aon plc has published a new report in collaboration with independent researcher Ponemon Institute, which found that businesses continue to undervalue and under-insure intangible assets relative to tangible assets. According to the study, since 2009 the implied market value of intangible assets at S&P 500 companies increased 255%, while the book ... Read the full article
TigerRisk appoints Josh Everdell as global head of casualty and global accounts
19th April 2022
TigerRisk has signalled an intent to grow its global casualty business by appointing Josh Everdell as its new global head of casualty and head of global accounts. The Connecticut-based firm said that Everdell’s specialty was in casualty reinsurance treaty placements. He will report directly to Tim Ronda, senior executive at TigerRisk. Rob ... Read the full article
Lockton launches Insights & Innovation Lab
14th April 2022
Global re/insurance broker Lockton has launched a new Insights & Innovation Lab for People Solutions, where a new team of experts will focus on helping its clients make improvements to their businesses. With healthcare and benefits complexity continuing to increase, Lockton says employers are searching for innovative solutions that help them ... Read the full article
Aon and BNY Mellon to collaborate on ESG offerings for clients
14th April 2022
Insurance and reinsurance broker Aon and BNY Mellon are to collaborate on solutions to meet client needs with a focus on ESG. A release from the two firms said that they would be looking to explore opportunities around digital assets, data, and analytics. Throughout this new collaboration, they said they would work ... Read the full article
Catastrophe losses for insurers to top $14bn for Q1 2022
14th April 2022
Losses arising from catastrophes for private and public insurers will top at least $14bn in the first-quarter of 2022, says a new report from re/insurance broker Aon. The report, the Q1 Global Catastrophe Recap, states that total economic losses in Q1 2022 were $31bn around the world, with just under half ... Read the full article
Oil & gas price surge heightens risk of underinsurance: Lockton
14th April 2022
Peter Hall, Head of Marine Cargo & Logistics at Lockton, has warned that the surge in oil and gas prices as a result of international sanctions on Russia could heighten the risk of underinsurance. Commenting on the conflict and its implications for the global re/insurance industry, Hall noted that failure to ... Read the full article
Newfront raises $200m at $2.2bn valuation to modernise insurance
12th April 2022
San Francisco-headquartered broker, Newfront Insurance has announced a $200 million investment at a $2.2 billion valuation to modernise insurance, led by the Growth Equity business within Goldman Sachs Asset Management and B Capital. Further participation in the round came from existing investors including Founders Fund and Meritech Capital. "The nature of risk ... Read the full article
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