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.
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
Arthur J. Gallagher buys Hawley & Associates
16th March 2022
Arthur J. Gallagher has bought broker firm Hawley & Associates for an undisclosed amount. A statement from Arthur J. Gallagher said that Hawley & Associates was founded seventeen years ago to provide insurance services for adoption, foster care, and child welfare agencies. The business will continue to be run by Phil ... Read the full article
Kremlin prohibits re/insurance transactions with “unfriendly states”
15th March 2022
As Russia's invasion of Ukraine enters day 20, President Vladimir Putin has signed a law prohibiting insurers in the country from completing transactions with insurers, reinsurers, and broker firms from what it calls "unfriendly states". The move from the Russian Parliament comes in response to a wave of economic sanctions imposed ... Read the full article
Lockton Australia launches a new advisory business
14th March 2022
Independent insurance brokerage firm, Lockton Australia, has announced the launch of its new business unit – Lockton Advisory. Lockton Advisory will aim to deliver risk, capital and placement services to the (re)insurance industry, as well as to corporate clients requiring bespoke insurance products across Australia, New Zealand and Pacific. The CEO of ... Read the full article
Edelweiss completes integration into Gallagher
14th March 2022
Edelweiss Gallagher will now just be known as Gallagher. The rebranding completes the integration of Edelweiss Insurance Brokers into Gallagher, a process that began in 2019 when the latter bought a minority share in the firm from Edelweiss Group. Then, last year, Gallagher purchased the remaining shares in the ... Read the full article
Aon & WTW both pull business from Russia
14th March 2022
Broking giants Aon and WTW have both announced plans to withdraw all businesses from Russia, in response to the country’s invasion of Ukraine. Following the lead of Marsh McLennan last week, this means the world’s three largest insurance brokers have now all severed ties with Russia. Insurers such as Generali ... Read the full article
Transaction risk insurance boomed in 2021: Marsh
14th March 2022
Firms around the world turned increasingly to transactional risk insurance last year, according to a new report from Marsh. The report, Transactional Risk Insurance 2021: Year in Review states that the transactional risk insurance limits placed globally by Marsh Specialty in 2021 totaled $81.1bn, an increase of 73% over the previous ... Read the full article
Aon appoints new chief strategy officer capital advisory
11th March 2022
Aon has appointed a new chief strategy officer capital advisory in Jim Fiore. The move was announced on LinkedIn by Fiore. His previous role was as chief reinsurance officer at QBE Insurance Group. Fiore joins Aon after almost three decades with QBE where he held numerous roles during his tenure, including as ... Read the full article
Marsh McLennan pulls out of Russia
10th March 2022
Global insurance broking and risk management firm Marsh McLennan has announced that it plans to exit all of its businesses in Russia. President and CEO Dan Glaser explained that the company felt “compelled” to sever all ties with Russia following its invasion of Ukraine. Western nations have already imposed tough economic sanctions ... Read the full article
Marsh makes new appointments within its Affinity business
10th March 2022
Marsh has appointed Rebecca Bleek, Leo Gibbons, and Sam Suen to new roles within its Affinity business. According to the broker firm, Bleek will be Affinity leader in the MENA region, while Gibbons and Suen will be placement leader and business digital strategy leader for International Affinity. Phil Hobson, Affinity Leader, International, ... Read the full article
US commercial prices up 7% through Q4: WTW
10th March 2022
U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS), with the aggregate commercial price change measured at 7%. The survey compared prices charged on policies underwritten during the fourth quarter of 2021 with those charged for the same ... Read the full article
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