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.
Howden overhauls global management team
10th March 2022
Broker firm Howden has overhauled its global management team in the wake of its acquisition of Aston Lark. According to the firm Chris Evans has been promoted to deputy CEO of Howden Broking in a new role, while Alistair Barrett will become the company’s COO. Rebecca Scott will become chief ... Read the full article
WTW names David Singh as Head of Climate Analytics
9th March 2022
WTW has appointed David Singh as Head of Climate Analytics and Exposure Management for its Insurance Consulting and Technology business, where he will be based in London. Singh served as the Group Head of Exposure & Portfolio Management at global insurer MS Amlin, where he was responsible for the group’s risk ... Read the full article
Howden M&A appoints new directors
8th March 2022
Howden M&A has appointed James Kay and Simon Worker as directors. The company said that it had bolstered its APAC broking team in response to growth in deals I the region and a surging demand for M&A insurance. Kay began his role in Singapore on 1 March. Prior to joining Howden, he ... Read the full article
Aon updates Impact Forecasting Europe windstorm cat model
8th March 2022
Aon has updated the functionality of its Impact Forecasting Europe windstorm catastrophe model, following insights gained from outbreaks of severe weather in recent years as well as user feedback. Windstorms in Europe have caused $123 billion of insured losses and annual average losses of $3.0 billion since 1980, according to the ... Read the full article
Gallagher and MIG Group launch new business in Dubai
8th March 2022
Gallagher has launched a new business in the Dubai International Finance Centre (DIFC) to support clients across the Middle East and Africa with their specialty and facultative reinsurance solutions. The business will be the rebranded ACE Re, which is now owned by Gallagher (51%) and MIG Group (49%). According to Gallagher, ... Read the full article
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
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