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.
Paula Ferreira takes over as CEO of LatAm, Aon’s Reinsurance Solutions
12th April 2022
Global insurance and reinsurance broker Aon has announced the appointment of Paula Ferreira as Chief Executive Officer (CEO) of Latin America in Reinsurance Solutions, taking over from Pablo Muñoz. Previously, Ferreira served as Aon's Reinsurance Solutions Growth Leader and President for Latin America, with 13 years at the broker and 26 ... Read the full article
Cat bond issue in Q1 2022 continued 2021 boon: Gallagher Re
11th April 2022
Cat bond issue in Q1 2022 was a continuation of the boon year that was 2021, according to Gallagher Re’s latest 1st View. This was, said the firm, seen in both terms of deal count and the total volume of issuance. These numbers reflect the latest data from our insurance-linked securities ... Read the full article
Russia – Ukraine war creates renewed uncertainty for aviation market: Gallagher Re
8th April 2022
As Russia's unprovoked invasion of Ukraine continues, hopes of a global aviation insurance market recovery have faded somewhat, with the 2022 renewals set to present "another complex engagement," according to re/insurance broker Gallagher. After two years of pandemic-related stress and multi-billion dollar industry losses, the start of this year suggested a ... Read the full article
Nowhere near a soft market, but commercial rate increases are slowing: WTW
8th April 2022
Despite rate increases in the commercial insurance market beginning to decelerate, business leaders at insurance and reinsurance broker WTW feel "we are nowhere near a soft market." WTW's latest Marketplace Realities Report shows that leaders in 79% of the broker's commercial business lines forecast continued rate increases, although these are slowing ... Read the full article
Marsh develops new analytics solution for property risks
8th April 2022
Insurance broker and risk advisor Marsh has announced the launch of a new property analytics solution that aims to digitalise the manual processes involved in managing property risks. The new solution, part of Marsh’s Blue digital analytics suite, digitizes clients’ primary risk data, including construction, occupancy, protection, and exposure data. It then ... Read the full article
Pricing pressure faded at nuanced Japan renewals: Gallagher Re
8th April 2022
Analysts at Gallagher Re have reported that continued reinsurer pricing pressure faded during the course of the April 1 renewals in Japan, which was characterised by an “orderly” process with nuanced pricing dynamics. For property catastrophe excess of loss business in Japan, Gallagher Re reported that a limited amount of new ... Read the full article
Reinsurance dedicated capital grows 8.4% to $728bn: Gallagher Re
7th April 2022
New data from broker Gallagher Re shows that global reinsurance dedicated capital totalled $728 billion at the end of 2021, representing growth of 8.4% over the previous year. Capital had ended the previous year at $672 billion, according to the latest reinsurance market report by Gallagher Re. Since 2015, total reinsurance dedicated ... Read the full article
WTW names Ed Day as Head of International Property
7th April 2022
Global re/insurance broker, WTW has appointed Ed Day as Head of International Property, where he will report to Garret Gaughan, Head of Direct & Facultative, WTW and based in London. Day was previously EMEA Strategic Broking Director at Aon, as well as a former partner at JLT Speciality, Marsh. Before that, Day ... Read the full article
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
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