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.
McGriff appoints new senior vice president and marketing account executive
8th March 2022
Broker firm McGriff has hired Donna Matthews to be a senior vice president and marketing account executive in its real estate and hospitality practice. According to the firm, the new role will see Matthews continue to be based in Denver. Paul Cicerchia, real estate and hospitality practice leader at McGriff, said: “We ... Read the full article
Brown & Brown to acquire Global Risk Partners
8th March 2022
Brown & Brown has agreed to buy the insurance operations of Global Risk Partners (GRP) for an undisclosed amount in a deal expected to close in Q3. GRP will operate within the Brown & Brown Retail segment and will continue to be led by Mike Bruce, global chief executive officer of ... Read the full article
Growth ambitions “buoyant” in London Market: Howden
8th March 2022
A new survey by international insurance broker Howden has concluded that growth ambitions remain “buoyant” in the London Market, with carriers citing a strategy to temper catastrophe exposure, and a desire to embrace sustainable energy. Howden’s London Market Appetite Survey asked C-Suite representatives from 38 insurers to indicate the degree to ... Read the full article
CEH & Brady Insurance acquire Loftus Insurance Brokers
7th March 2022
Coverys European Holdings (CEH) & Brady Insurance have acquired Loftus Insurance Brokers. The new combined entity will be run by Jane Brady as managing director, with Liam Loftus assisting their management team in a consultancy role. Loftus Insurance Brokers was set up in 2000 consolidating three existing brokerages. The deal adds to ... Read the full article
Acrisure acquires Summa Insurance Brokerage
7th March 2022
Global insurance broker and fintech platform Acrisure has acquired Summa Insurance Brokerage, making it Acrisure’s first expansion into the Spanish market, bringing the number of countries in which the company has a physical presence to ten. This follows Acrisure’s recent partnership with Brazilian firm It’sSeg and adds another major European ... Read the full article
One80 Intermediaries appoints new practice leaders
7th March 2022
One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, has announced its new organizational structure establishing industry practice leaders within the One80 executive team. This extends to strategic areas such as financial lines, workers’ compensation, transportation, property, and personal lines. The industry practice leaders will be responsible for the development, delivery, ... Read the full article
Aon finds many insurance sectors experiencing ‘challenging’ circumstances
2nd March 2022
Conditions within many of the the insurance sectors are ‘challenging’, according to the latest Markets Dynamic report from Aon. The report specifically pointed to four sectors—casualty and liability, cyber, property, and employers liability and workers’ compensation—are being in ‘challenging’ or ‘very challenging’ circumstances. In regards to casualty and liability, Aon said: “The ... Read the full article
WTW makes senior hire within consulting & tech unit
2nd March 2022
Re/insurance broker WTW has announced the appointment of Pardeep Bassi as Global Proposition Leader in Data Science for its Insurance Consulting and Technology business. In this newly created role, Bassi will lead the advancement of the unit’s data science capability globally, building on WTW’s analytics and data science software, Emblem and ... Read the full article
Marsh signs five-year agreement with HSBC
2nd March 2022
Insurance broker and risk advisor Marsh has signed a five-year broker agreement with HSBC, building on an 11-year relationship which began in 2010. Under the agreement, HSBC commercial banking customers will have access to world-class insurance products not currently available through the HSBC portfolio. It covers seven markets including France, Hong Kong, ... Read the full article
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
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