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.
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
Howden acquires specialist insurance broker EML
1st December 2021
International insurance broker Howden has acquired Expat Marine Limited (EML), a specialist insurance broker providing employee benefits and general insurance products and advice to clients in Hong Kong. The acquisition is considered a reinforcement to Howden’s commitment to the Hong Kong market. EML was established 32 years' ago and caters for the insurance ... Read the full article
James Kent to lead Gallagher Re as acquisition of Willis Re completes
1st December 2021
Global re/insurance broker Arthur J. Gallagher & Co. has completed its previously announced acquisition of the treaty reinsurance operations of rival Willis Towers Watson (WTW). It was announced in August that Gallagher had reached an agreement to acquire all of the treaty operations of Willis Re from its parent for ... Read the full article
WTW appoints Anthony Monaghan to Industry Transportation Leader role
1st December 2021
Global re/insurance broker Willis Towers Watson has named Anthony Monaghan as GB Industry Transportation Leader for its Risk & Broking Division in GB. Monaghan joins from Marsh, where he most recently led their Manufacturing & Automotive Industry. Prior to MMC’s acquisition of JLT, he was Marsh’s Transportation Leader for the UK and ... Read the full article
Singapore fintech Pand.ai launches broker with Allianz, Etiqa & MSIG
1st December 2021
Fintech startup Pand.ai has announced the launch of GINA.sg, an English-Chinese bilingual WhatsApp Chatbot that helps car owners in Singapore find motor insurance. GINA.sg will be launched in partnership with insurers Allianz, Etiqa and MSIG. It will offer digital brokerage services for general insurance under the Monetary Authority of Singapore (MAS) Fintech ... Read the full article
WTW partners with software provider CodeEast on digital solution
29th November 2021
Re/insurance broker Willis Towers Watson (WTW) and software provider CodeEast have announced a global partnership offering a new digital transformation solution for insurance companies and MGAs. Combining WTW’s Radar Live with CodeEast's ONEview digital insurance platform, the solutions is designed to maximise profit margins and reduce operational costs using product distribution ... Read the full article
WTW adds MacCarthy to CRB business as Head of Asia Casualty
29th November 2021
Global re/insurance broker Willis Towers Watson has added Ben MacCarthy to its Corporate Risk and Broking (CRB) business as Head of Casualty Asia, effective December 1. MacCarthy will be based in Hong Kong and reports to Paul Ward, Head of Global Markets P&C in Asia at WTW. He brings over 15 years' experience ... Read the full article
Mitsui takes majority stake in Singapore re/insurance broker
26th November 2021
Mitsui & Co., Ltd. has acquired a majority share in Singapore-based insurance and reinsurance broker, Pana Harrison (Asia) Pte. Ltd., which will be rebranded to Mitsui Bussan Pana Harrison Pte. Ltd. Mitsui invested in Lloyd's broker PHA in 2020, and has been expanding its re/insurance broking business by establishing a presence ... Read the full article
Arthur J. Gallagher acquires Real Estate Insurance Solutions in Utah
25th November 2021
Global insurance broker, Arthur J. Gallagher & Co. has announced the acquisition of Park City, Utah-based Real Estate Insurance Solutions for an undisclosed sum. Founded in 2004, Real Estate Insurance Solutions offers a range of real estate errors & omissions insurance/cyber liability coverages. Its clients include commercial and residential real estate agents ... Read the full article
Marsh McLennan and BitSight partner to bolster cybersecurity performance
24th November 2021
Marsh McLennan and BitSight have entered a partnership to help both organisations better understand, measure, and manage their cyber risks. Marsh McLennan's recently announced Cyber Risk Analytics Center will leverage BitSight Security Ratings, data, and analytics, enabling clients to better understand their cybersecurity performance and make more informed risk management decisions. Throughout ... Read the full article
Howden collaborates with Everbridge to address climate risk with parametrics
23rd November 2021
International insurance broker Howden has joined forces with Everbridge, Inc., a leader in critical event management (CEM) and national public warning solutions, to enable response and recovery organisations to address climate risk and resilience. The first-of-its-kind collaboration brings together Everbridge's public safety technology with Howden's insurance expertise. By combining Everbridge's tech with ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
