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.
TWIA committee selects Aon for catastrophe risk modelling
20th January 2022
The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) has recommended the organisation contract with broker Aon for its catastrophe modelling services. A request for proposals in October 2021 from the TWIA saw propositions put forwards by Aon for $600,000 and $1.6m, respectively. The Committee recommended at this ... Read the full article
One80 acquires Pearl Insurance
20th January 2022
Massachusetts-based One80 Intermediaries has purchased broker firm Pearl Insurance for an undisclosed amount. The purchase of the 350-person company will see One80 take over a firm that operates throughout the US, and reportedly has partnerships with over 100 carriers. Matthew F. Power, president of One80 Intermediaries, said in a statement: “The team ... Read the full article
Alliant names Collin Krickl as Vice President, Phoenix
19th January 2022
US insurance broker Alliant has appointed Collin Krickl as Vice President to its team in Phoenix. He joins with years of expertise in property and casualty insurance and risk management to service Alliant's base of clients across the Southwest region. Prior to joining Alliant, Krickl was a Business Insurance and Risk Management ... Read the full article
Hiscox’s Liz Kim joins Gallagher Re’s cyber reinsurance team
19th January 2022
Reinsurance broker Gallagher Re has appointed Hiscox's Liz Kim to its 40-plus strong cyber reinsurance team, based in San Francisco. The hire sees Gallagher Re continue its strategic investment in industry talent and specialist expertise to meet the evolving needs of clients and growing exposures. In her new role, Kim will further ... Read the full article
Lockton Re hires Aon’s Rob Kreager
19th January 2022
Global insurance broker Lockton's dedicated reinsurance division, Lockton Re, has appointed Rob Kreager as a Senior Broker and Accident, Health & Life segment leader. Kreager joins the company from insurance and reinsurance broker Aon, where he most recently served as a Managing Director & Co-Leader of Accident, Health & Life Global ... Read the full article
Acrisure Re names Ming Li as Global Head of Cat Modeling
18th January 2022
Acrisure Re, the re/insurance broker and fintech platform of Acrisure, has announced the appointment of Ming Li to the new role of Managing Director and Global Head of Catastrophe Modeling. Effective January 18th, he will be based in New York and will report to Michael Cross, President of Acrisure Re North ... Read the full article
WTW appoints Julie Baker to new role
18th January 2022
WTW has appointed Julie Baker to be its new lead relationship management for the banking sector. Baker will begin her role in April, moving to WTW after working for over two decades at Marsh. There, she designed and managed bespoke financial lines programmes for a broad spectrum of financial services clients ... Read the full article
Cyber market still hardening as underwriting view shifts: analysts
18th January 2022
Analysts at some of the top re/insurance brokers have noted that the cyber reinsurance market is continuing to see hardening rates following another challenging year for losses in this sector. Gallagher Re classified the primary cyber markets as “truly hard” at recent renewals, but said there is still room for reinsurance ... Read the full article
Gallagher names Head of Financial Lines for Middle East
13th January 2022
Global re/insurance broker Gallagher has appointed Daniel Miller to lead its financial lines operations for clients in the Middle East. Miller will join Gallagher in April from Aon, where he has worked for the last eight years as Regional Head of Financial and Professional Liability (finpro) for the Middle East. He has ... Read the full article
Aon hires Pete Rutherford as Enterprise Client Leader, FI, UK
11th January 2022
Insurance and reinsurance broker Aon has appointed Pete Rutherford as Enterprise Client Leader, Financial Institutions in the UK, reporting to Richard Phelps, Head of Financial institutions (FI), UK and EMEA. Rutherford will help build key client relationships for Aon ... Read the full article
Gallagher Re adds Andrew Geldart to Australia & NZ team
11th January 2022
Global reinsurance broker Gallagher Re has announced the addition of Andrew Geldart to its Australia and New Zealand team as Executive Director Broking. Based in Sydney, Geldart joins the business with effect from December 2021. He arrives from Vero Insurance, where he has spent the previous 16 years, most recently as Senior ... Read the full article
Climate change making peak peril distinctions irrelevant: Howden
10th January 2022
According to analysts at Howden, the growing threat of climate change and its influence on the severity of many insured catastrophes is removing the need for any distinction between ‘peak’ and ‘non-peak’ perils. The broker says climate risk replaced COVID-19 to become the re/insurance market’s pre-eminent concern in 2021, as another ... Read the full article
Gallagher Re reports constrained capacity in global non-marine retro
10th January 2022
Global reinsurance broker Gallagher Re has reported constrained capacity in global non-marine retrocession as traditional reinsurers have restricted their requirements for capital deployment, with the ILS market showing significant outflows and limited inflows. The broker noted that aggregate capacity was in shorter supply than in previous years, with providers wary of ... Read the full article
Howden sees continued demand as retro challenges drive uncertainty for property cat reinsurers
7th January 2022
Broker Howden expects to see continued demand for reinsurance into 2022 and the North Atlantic hurricane season after property-catastrophe reinsurers lacked the usual clarity on their net positions when offering lines at 1/1, amid late retrocession placements. Alongside the late retro experience, Howden forecasts that continued purchasing interest through 2022 will ... Read the full article
WTW announces Erin Magilton as Risk & Broking leader, Canada
7th January 2022
Insurance and reinsurance broker, Willis Towers Watson (WTW), has appointed Erin Magilton as the leader of Risk & Broking for the Canada region. Based in Toronto, Magilton takes on responsibility for leading the Risk & Broking team in Canada. She will report to Mike Liss, leader of Risk & Broking for North ... Read the full article