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.
Willis Towers Watson names Aon’s Hugo Wegbrans as Global Head of Broking
15th November 2021
Global insurance and reinsurance broker, Willis Towers Watson (WTW), has hired Hugo Wegbrans from rival broker Aon as its new Global Head of Broking and Broking Strategy. Effective early next year, Wegbrans will join the company's Risk and Broking business operation. He joins from Aon, where he most recently served as Leader ... Read the full article
Miller appoints Kate Levett as Head of Market Management
15th November 2021
Specialist re/insurance broker Miller has announced the appointment of Kate Levett to the newly created role of Head of Market Management. Levett will report to Ken MacDonald, Executive Chairman, and lead the development and coordination of relationships with Miller’s carrier partners. This will include expanding client access to products and services, as ... Read the full article
Aston Lark acquires Innovation Broking
15th November 2021
Aston Lark Group, the Goldman Sachs-backed insurance broker soon to be acquired by Howden, has announced the acquisition of Innovation Broking, based in London and Watford. Established in 2015, Innovation Broking is an independent corporate insurance broker and employee benefits adviser that was founded by Paul Dickson and Howard Pearson. The company ... Read the full article
Multi-billion dollar US floods drive up global nat cat bill for October: Aon
15th November 2021
A series of flooding events during October resulted in billions of dollars worth of economic costs, according to Aon's monthly natural catastrophe report. Meanwhile, a late-season severe weather outbreak in the US’ Southern Plains and Midwest generated large hail, damaging winds and tornadoes between Oct. 10 and 11. Aon says total economic ... Read the full article
Inver Re adds Howden’s Nick Griffiths as Director, Reinsurance
15th November 2021
Inver Reinsurance Brokers Limited (Inver Re), The Ardonagh Group's recently launched reinsurance broker, has announced the appointment of Nick Griffiths as Director of Reinsurance. Griffiths joins the Inver Re senior leadership team and reports to Ardonagh's Chief Executive Officer (CEO) of Reinsurance and Capital, Steve Hearn. In his new role, he will ... Read the full article
Reinsurers will find common ground on pricing at renewals: TigerRisk’s Gulbransen
12th November 2021
Despite significant pressure following another year of elevated catastrophe losses, reinsurers and clients will likely manage to find “common ground” on structure and pricing at the 2022 renewals, according to TigerRisk’s Wade Gulbransen. Gulbransen, who serves as Head of North America at the re/insurance risk, capital and strategic advisor, recently spoke ... Read the full article
Gallagher Re hires Aon’s Theo Norris as a dedicated cyber ILS broker
12th November 2021
Global reinsurance broker Gallagher Re has announced the addition of Theo Norris to its cyber reinsurance team as a dedicated cyber insurance-linked securities (ILS) broker, as the company continues to bolster its capabilities in the cyber risk space. In his new role, Norris is tasked with building and leading the development ... Read the full article
MNK Re announces new UK wholesale, retail business
10th November 2021
MNK Re, a broker of specialist risks into Lloyd’s, has announced the launch of a new business focused on UK wholesale and retail. MNK Re UK Specialty will initially focus on developing wholesale and high net worth lines. Grahame Lamb, Richard Daws and Jonathan Britton are set to lead the new operation; ... Read the full article
MMC urges public-private collaboration to strengthen UK resilience
5th November 2021
A new report by international re/insurance brokerage Marsh McLennan (MMC) has examined the opportunities for stronger interactions between the public and private sectors to strengthen the UK’s ability to anticipate and respond to strategic risks and crises. Partnering with Purpose, a new report for the National Preparedness Commission, recommends a fresh ... Read the full article
Generali seals takeover of rival Italian broker Cattolica
4th November 2021
Italian broker Generali has completed its acquisition of rival firm Cattolica in a previously-announced deal that’s intended to enable an eventual merging of the two organisations. Generali, already a significant shareholder, required a controlling stake in the firm in order to lay the regulatory groundwork for its merger plans. The consideration ... Read the full article
Global broker Howden launches in New Zealand
4th November 2021
After entering Australia earlier this year, international insurance broker Howden has now launched its New Zealand operations with Howden Broking and Howden Care, supporting the firm's ambitious growth plans for the Pacific region. The new division will be led by René Hattingh as Chief Executive Officer (CEO) of Howden Broking New ... Read the full article
Willis Towers Watson names Michael Brown as Head of New Zealand
3rd November 2021
Global insurance and reinsurance brokerage, Willis Towers Watson (WTW), has announced that interim country leader for New Zealand, Michael Brown, has been appointed as head of the region on a permanent basis. Brown has served as interim country leader since May of this year, having been with WTW for more than ... Read the full article
TWIA may drop broker GC in favour of Willis Re, with Aon preferred for modelling services
3rd November 2021
The Texas Windstorm Insurance Association (TWIA) looks set to pivot towards Willis Re for its reinsurance broking needs following a meeting of its actuarial & underwriting committee. This switch would see TWIA terminate its current broking relationship with broking rival Guy Carpenter. The committee, which is reported to have considered Guy Carpenter ... Read the full article
Aston Lark acquires Bainbridge Collins
1st November 2021
Insurance broker Aston Lark has acquired independent insurance broker Bainbridge Collins, which specialises in the ‘mid corporate’ sector. In addition to offering a broking service, it also offers a comprehensive risk management service, offering quality advice and guidance on Health & Safety and Loss Prevention measures. Peter Blanc, Aston Lark Group CEO, ... Read the full article
WTW to acquire 100% of Indian business following regulatory shift
1st November 2021
Recent regulatory changes have prompted global re/insurance broker Willis Towers Watson to acquire the remaining 51% shares of its business in India. The group currently owns 49% of the company and will be purchasing its remaining shares from Anemone Holdings Private Ltd and WTW India's head, Rohit Jain. As one of the ... Read the full article
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