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.
January renewals reflect “healthy but bifurcated” reinsurance market: Guy Carpenter
3rd January 2022
The January 1st 2022 reinsurance renewal season saw conditions that reflect a "healthy but bifurcated" reinsurance market, according to global broking firm Guy Carpenter. The reinsurance market is evolving, Guy Carpenter says, evidenced by reinsurers adjusting their risk appetites and pricing thresholds for certain sectors, as they respond to ongoing and ... Read the full article
Guy Carpenter to combine UK & Europe fac operations
24th December 2021
Reinsurance broker Guy Carpenter has announced plans to combine its Continental European and UK facultative operations into a single division, which will be led by Nicola Fraccalvieri. Effective 1 January 2022, this consolidated structure will bring together Guy Carpenter's London Europe Property and Casualty business and Continental Europe Facultative teams under ... Read the full article
The Ardonagh Group acquires Portuguese Lloyd’s broker MDS
24th December 2021
The Ardonagh Group is set to acquire Porto, Portugal-based insurance broker and risk management advisor, MDS Group, through a combination of equity and debt via Ardonagh Overseas Investments Ltd and operate as part of Ardonagh Global Partners. As well as its headquarters in Porto, MDS has offices in Brazil, where it ... Read the full article
Marsh raises stake in Marsh India to 92%
23rd December 2021
Marsh, the global insurance broker, has announced an increase in its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%, following the acquisition of shares from local partners, including the entire shareholding of the Rampant Trust. The increased investment enables Marsh to more effectively meet the complex needs ... Read the full article
Richard Pennay joins Aon Securities as Head of ILS
21st December 2021
Global insurance and reinsurance broker Aon has appointed Richard Pennay as Head of its insurance-linked securities (ILS) team, which is part of the company's Aon Securities division. In his new role, Pennay will be based in New York and reports to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities. As Head ... Read the full article
Guy Carpenter hires Swiss Re’s Modugno as MD Continental Europe Fac
21st December 2021
Reinsurance broker Guy Carpenter has announced the appointment of Vito Modugno, formerly of Swiss Re, as Managing Director of its Continental Europe Facultative practice. Modugno joins the Guy Carpenter after more than 13 years with reinsurance giant Swiss Re, where he most recently served as Lead of P&C Facultative Solutions EMEA. During ... Read the full article
Gallagher acquires Richied & Associates in Nevada
17th December 2021
Global re/insurance broker Arthur J. Gallagher & Co has announced the acquisition of Reno, Nevada-based Richied & Associates, Inc. Founded in 1999, Richied & Associates is a retail property and casualty insurance agency primarily serving small- to mid-market commercial clients, as well as families and individuals, from offices in Reno and ... Read the full article
Claims inflation up 6.1% for UK motor insurers: WTW
17th December 2021
According to latest data from Claim Metrics, the claims benchmarking service from re/insurance broker Willis Towers Watson (WTW), claims inflation increased by 6.1% for UK motor insurers during first half of 2021. Whilst lockdowns up to the beginning of Q1 2021 led to a drop in motor claim volumes, including unprecedented ... Read the full article
Aon names Chief Broking Officer for Commercial Risk UK
16th December 2021
Aon has announced the appointment of Angela James as Chief Broking Officer for Commercial Risk in the UK. James will join the business in June 2022 and report to James Baum, Head of Commercial Risk, UK. In the newly created role, which will cover Commercial Risk in the Global Broking Centre (GBC) ... Read the full article
Digital broker LuckyTruck secures SiriusPoint backing
15th December 2021
LuckyTruck, a digital broker and aggregator has secured an investment and partnership with specialty re/insurer SiriusPoint. LuckyTruck is a niche broker focused on making the purchase of insurance for trucking fleets in the US more transparent, customized, affordable, and convenient. The company aims to disrupt commercial trucking insurance brokerage, offering an alternative ... Read the full article
Ardonagh secures significant new equity investment
15th December 2021
Existing long-term shareholders and some new co-investors have made a significant equity investment into The Ardonagh Group, valuing the company at $7.5 billion. The new equity investment was led by Madison Dearborn Partners, LLC (MDP) and HPS Investment Partners (HPS), alongside new co-investors through accounts managed by MDP and HPS, including ... Read the full article
Tysers adds Lee Jenkins to Bloodstock team
14th December 2021
Lloyd’s broker Tysers has announced the addition of Lee Jenkins as a Director within its Bloodstock team. In this role, Jenkins will focus on developing new market opportunities and identifying areas for business growth. This appointment is the latest in a string of senior hires across Tysers in broking, claims and operations ... Read the full article
WTW launches Ports and Terminals risk forum
13th December 2021
Willis Towers Watson has announced the launch of a dedicated risk forum for the Ports and Terminals space, as the broker looks to provide a means for its members to network and explore risk identification and response. WTW is collaborating with the University of Cambridge Judge Business School’s Centre for Risk ... Read the full article
AnaCap’s MRH Trowe acquires specialty broker Helmig & Partner
10th December 2021
AnaCap Financial Partners, a specialist private equity firm focused on investing in the European financial services sector, has announced that its portfolio company, MRH Trowe, has acquired Olfen-based speciality broker Helmig & Partner. The deal marks the 11th bolt-on acquisition of the year for MRH Trowe, which is itself an owner ... Read the full article
Marsh McLennan Agency acquires InSource
9th December 2021
Marsh McLennan Agency (MMA), a subsidiary of Marsh has acquired InSource Insurance Group, an independent agency in Texas. InSource Insurance Group was formed in 1986 to provide business insurance, employee health and benefits, private client, and surety services to the oil and gas, construction, manufacturing, and transportation industries. InSource will help lead ... Read the full article
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