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.
Synapse launches energy practice with new hire
9th December 2021
Specialty wholesale insurance broker Synapse Services has announced the expansion of its business lines with a dedicated energy practice. Emris Graham has been appointed Vice President to lead the new unit, effective immediately, and will operate out of Birmingham, Alabama. Graham joins Synapse Services bringing over 16 years of experience broking complex ... Read the full article
BMS acquires reinsurance broker PWS Mexico
9th December 2021
Independent broking specialist BMS Group has announced further expansion plans in Latin America, having agreed to acquire PWS Mexico, a Mexico City-based specialist reinsurance broker. PWS Mexico was founded in 2000 and provides broking services to a range of Mexican clients, largely in Engineering, Energy, Property & Casualty and Specie, with ... Read the full article
Malene Insurance Brokers becomes Howden Takaful Brokers
8th December 2021
Howden, the international insurance broker, has announced that following its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful specialist. Howden says the rebrand reinforces its commitment to respond to the growing demand for Islamic driven solutions and providing a strong ... Read the full article
Marsh makes senior FINPRO Specialty appointments
8th December 2021
Insurance broker and risk advisor Marsh has announced several senior leadership appointments within its Financial and Professional (FINPRO) Specialty. Effective 1 January 2022, Paul Denny is appointed as Global Specialty Head, FINPRO, Marsh Specialty. Additionally, Beth Thurston has been appointed UK CEO of FINPRO business, and Stephanie Manson as UK Management Liability ... Read the full article
Guy Carpenter hires Isaac Sanday from WTW as Head of UK&I Life
8th December 2021
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has named Isaac Sanday, previously of Willis Towers Watson (WTW), as Head of UK & Ireland Life, effective January 2022. In his new role, Sanday takes on responsibility for leading production and client delivery for the UK & Ireland, with a focus ... Read the full article
Advanced analytics still a priority for re/insurers despite challenges: WTW
7th December 2021
A new study by broker Willis Towers Watson (WTW) has found that expanding and improving the use of advanced analytics in several aspects of operations remains high on North American property & casualty (P&C) insurers’ strategies. As part of a new survey, re/insurers across the board — but most noticeably in ... Read the full article
Aston Lark acquires Choice Benefits’ client book
7th December 2021
Broker Aston Lark has acquired the client book of Private Medical Insurance specialist, Choice Benefits. The firm provides cover for both individuals and businesses and is described as having achieved recognition from clients via leading service and strong expertise in health insurance and employee benefits. “We’re delighted to welcome the clients of ... Read the full article
Gallagher Re set to win TWIA account
7th December 2021
The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) has voted to recommend that the Association's Board of Directors select Willis Re (now Gallagher Re) for reinsurance broker services. We wrote in November that TWIA was considering changing its reinsurance broker from Guy Carpenter, with the committee ... Read the full article
Gallagher wraps up investment in specialist broker ACE
7th December 2021
Global re/insurance broker Arthur J. Gallagher & Co has wrapped up its 30% minority investment in Middle East & North Africa (MENA) specialist insurance broker, ACE. This deal follows Gallagher's successful purchase of Willis Re last week. It was announced in August that Gallagher had reached an agreement to acquire ... Read the full article
WTW bolsters aviation team with acquisition of Sydney-based Aerosure
6th December 2021
Willis Towers Watson has acquired aviation industry specialist Aerosure, as the broker looks to bolster its own capabilities in the space. Sydney-based Aerosure will be integrated into WTW’s global aerospace business, with the former firm’s Managing Director Greg Rector set to serve alongside his colleagues as MD, Australasia Aviation Division. Simon Weaver, Head ... Read the full article
Xenia acquires Peter Hill Credit & Financial Risks
3rd December 2021
Credit insurance and surety specialist, Xenia Broking Group, has announced the acquisition of Peter Hill Credit & Financial Risks Limited, a specialist Trade Credit Insurance and Surety Broker based in Northampton, and with a particular focus on the construction sector. The transaction was completed on 30th November 2021 and marks Xenia’s ... Read the full article
Howden to utilise hull & cargo solutions from Concirrus
3rd December 2021
International insurance broker Howden is planning to utilise the Quest Marine Hull and Quest Cargo solutions by insurtech Concirrus as part of a digital transformation program. Howden will be the first company in the broker market to utilise Quest Cargo to inform the development of xTrade Cargo, its new digital platform ... Read the full article
Risk Strategies acquires KRA Insurance Agency
2nd December 2021
Specialty insurance brokerage Risk Strategies has acquired full-service brokerage firm KRA Insurance Agency. KRA serves a broad base of industries and is well-known for its specialty focus in professional liability, construction, real estate, hospitality, not-for-profits and the high-net-worth industry segments. Product lines for clients range from commercial to personal as well as ... Read the full article
Gallagher Re feels like a billion dollar startup with a tremendous opportunity: James Kent & Pat Gallagher
1st December 2021
With Arthur J. Gallagher’s (AJG) acquisition of Willis Re’s treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it feels like day one at a billion dollar startup. In the past seven years, Gallagher Re has established itself as the fifth largest ... Read the full article
McGriff makes two senior leadership appointments
1st December 2021
McGriff, an insurance broking subsidiary of the Truist Insurance Holdings group, has appointed Crystal Sanderson as National Personal Lines & Small Business Practice Leader. Sanderson’s previous position was Senior Vice President and Director of McGriff’s Sales Center. Sanderson, who joined McGriff in 2006, will be responsible for all main street and premier ... Read the full article