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.
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
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
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