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.
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
BMS makes two appointments to capital and legacy solution practices
21st March 2022
BMS has made two appointments to its capital solutions advisory and legacy solutions advisory practices. The firm said it was appointing Chris Harding and James Ferris as directors of capital and risk advisory, effective April 2022. Harding and Ferris will be based in London and Bermuda respectively, and will report to ... Read the full article
WTW appoints new head of affinity
18th March 2022
Global insurance broker, risk advisor and consultancy WTW has appointed Chris Gingell as global head of affinity. Scott Burnett, CCO for risk and broking at WTW, said “We are delighted to announce the appointment of Chris Gingell as our global affinity leader. Chris takes the helm at an incredibly exciting time ... Read the full article
Howden invests into data and analytics capabilities
17th March 2022
Howden Group Holdings has made a strategic alignment of its digital, data and analytics capabilities by embedding them directly into the client-facing business areas in which they support. HX was launched in 2019 to develop key areas of the group’s digital, data and analytics platform delivery and accelerate the growth of ... Read the full article
Re/insurers “strongly positioned” to navigate Ukraine fallout: Howden
16th March 2022
Analysts at Howden have asserted that the re/insurance market is “strongly positioned” to navigate the economic fallout from Russia’s invasion of Ukraine, despite the myriad risks the conflict presents. Risks identified by Howden in connection with the war include direct underwriting losses, rapidly rising prices, slower economic growth, financial market volatility ... Read the full article
Miller launches new broker platform
16th March 2022
Specialist re/insurance broker Miller has launched its online Private Clients platform, providing digital solutions for clients in the high-net-worth space. Miller claims that its platform will be the first broker offering of its type in the market and will initially focus on buildings and contents insurance. This launch provides a foundation for ... Read the full article
Marsh adjusts senior leadership in UK and Ireland
16th March 2022
Insurance and reinsurance broker Marsh has made two changes to its UK senior leadership. According to the broker, Simon Delchar has been appointed head of placement, while Clarissa Franks has been given the role of placement leader for the risk management, corporate, and commercial businesses. Both roles are centred around the ... Read the full article
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