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.
Premium growth strong for re/insurers in 2021: Willis Re
23rd November 2021
A group of re/insurers tracked by Willis Re reported improved combined ratios through the first nine months of the year despite elevated catastrophe losses in the third quarter, while half the cohort achieved double-digit growth in premiums. A recent report by Willis Re, which explores the 9M 2021 performance of the ... Read the full article
Jillian Slyfield takes Chief Innovation Officer role at Aon
22nd November 2021
Re/insurance broker Aon has announced the appointment of Jillian Slyfield as its new Chief Innovation Officer, effective December 1st. Slyfield joined Aon in 2015 and most recently served as Digital Economy Practice Leader, where she addressed digital disruption of traditional industries and the on-demand economy. Prior to this, she served as an ... Read the full article
LIIBA CEO cautiously optimistic on UK’s financial services regulatory regime
22nd November 2021
Christopher Croft, CEO of broker body LIIBA, says governmental input into the UK’s future financial services regulatory regime has so far contained many of the ingredients needed to foster a vibrant commercial insurance sector, capable of flourishing across markets globally. However, Croft stressed how the "proof is in the pudding" and that ... Read the full article
UK competition authority clears Gallagher acquisition of Willis Re
22nd November 2021
The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article
Oneglobal hires former RFIB Director Lisa Siggery
18th November 2021
Oneglobal Broking, the commercial re/insurance brokerage owned by investor JC Flowers, has appointed Lisa Siggery as Executive Director, Risk and Compliance. Siggery will report to Mike Reynolds, Group CEO, and brings over 30 years of experience in the insurance sector, over 20 of which in internal audit, risk management and compliance. During ... Read the full article
WTW adds four to Board as succession process continues
18th November 2021
International insurance and reinsurance broker, Willis Towers Watson (WTW), has announced that Inga Beale, Fumbi Chima, Michael Hammond, and Michelle Swanback will all join its Board of Directors in 2022. These additions to its Board follow on from WTW's announcement in August that Carl Hess will succeed John Haley as ... Read the full article
Dean Klisura named Guy Carpenter CEO amid major MMC leadership re-shuffle
18th November 2021
Dean Klisura, currently the president of Guy Carpenter, has been appointed to lead the company as Chief Executive Officer, a role that will be taken up alongside his current duties. This appointment comes amid a broader shake up of the Marsh McLennan group's leadership, one that includes Marsh CEO and president ... Read the full article
BMS Re Brazil adds Pedro Carvalho as Head of Fac
18th November 2021
BMS Re, the specialist reinsurance broker, has announced the addition of Pedro Carvalho as Head of its Brazilian facultative department, effective immediately. In his new role as Head of BMS Re Brazil's fac unit, Carvalho will be based in São Paulo and will report to José Leão, Chief Executive Officer (CEO) ... Read the full article
Ardonagh’s 9M 2021 income rises 30%
18th November 2021
UK-based independent insurance distribution platform and global brokerage, The Ardonagh Group, has reported a 30% rise in income for the first nine months of 2021 to £675.7 million, supported by strong growth in its Specialty and International units. Total income improved markedly from the £519.5 million reported for the same period ... Read the full article
Risk transfer is at the heart of low carbon transition: Rowan Douglas, WTW
17th November 2021
The global risk transfer industry will prove vital in how society is going to manage and orchestrate an orderly transition to a low carbon economy, according to Rowan Douglas, Head of the Climate and Resilience Hub at Willis Towers Watson (WTW), and Chairman of Willis Research Network. Reinsurance News spoke recently ... Read the full article
Willis Towers Watson to acquire Israeli broker Leaderim
16th November 2021
Willis Towers Watson (WTW) has announced plans to acquire Leaderim, an insurance broking and risk consultancy business in Israel. Leaderim maintains a team of 45 experts and offers a range of commercial insurance solutions to the Israeli market. The business was established over 20 years ago and has experience in multinational risk ... Read the full article
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
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