Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broker market 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.
WTW reveals new global leadership team
31st August 2021
Global re/insurance broker Willis Towers Watson has unveiled a new global leadership team as the company looks to ensure future growth. “The leaders named today are highly accomplished and embody the true spirit of one Willis Towers Watson,” said John Haley, Chief Executive Officer. “This Global Leadership Team consists of voices across ... Read the full article
WTW hires Andrew Krasner as CFO
31st August 2021
Willis Towers Watson has appointed Andrew Krasner as its new Chief Financial Officer (CFO). Krasner returns to Willis Towers Watson after driving financial strategy and performance as the CFO of AssuredPartners. He succeeds Michael Burwell in this role, who will be taking on a senior role in the medical and data analytics ... Read the full article
WTW agrees to acquire Leaderim
27th August 2021
Willis Towers Watson has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel. Leaderim offers a broad range of commercial insurance solutions to the Israeli market and has significant experience in creating multinational risk programs, reflecting the large concentration of global companies operating ... Read the full article
Aon announces regional senior leadership changes
26th August 2021
Aon plc has announced new regional leadership roles within its Reinsurance Solutions to further strengthen the team and enhance its local reach. Tim Ronda, Global Geographic Leader, will oversee Reinsurance Solutions’ regional capabilities worldwide to drive scale while focusing on unique regional trends and client needs. George Attard has been appointed Chief ... Read the full article
Inflation could put a significant squeeze on a company’s profitability: Willis Re
25th August 2021
According to a report by re/insurance broker Willis Re, there's an increase in concerns as the insurance industry faces a rise in inflation. Rising inflation hasn’t been a significant issue since the 1980’s, however recent trends have significantly increased during the post pandemic economic recovery, however, it’s yet to be determined ... Read the full article
McGill hires WTW’s Neelan as Partner & Head of US Operations
25th August 2021
Specialist re/insurance broker McGill and Partners has hired Tresa Neelan as a Partner and its Head of US Operations from rival Willis Towers Watson. Neelan joined McGill this month and is tasked with providing strategic leadership to its organisational work in the United States, also focusing on delivering sustainable growth and ... Read the full article
Howden hires Jeroen Everling as CEO, Netherlands
24th August 2021
Insurance broker Howden has appointed Jeroen Everling as Chief Executive Officer in the Netherlands, with a focus on building a specialist team for mid and large domestic and international clients. Howden already has a leading specialist marine operation with a corporate portfolio in Rotterdam, which is led by Jan Oosterom. Everling will ... Read the full article
Insurance renewals demand ESG transparency: Aon
24th August 2021
With environmental, social and governance (ESG) playing an increasingly important role in the re/insurance market, analysts at Aon have argued that setting clear and transparent ESG targets will be critical for companies during their renewals. Aon cited research that shows ESG based assets could exceed US$53 trillion by 2025, representing more ... Read the full article
Favourable pricing boosts re/insurers in H1 2021: Willis Re
24th August 2021
Favourable pricing for commercial lines business, coupled with rate rises for reinsurance and retail insurance supported premium growth for insurers and reinsurers in the first half of 2021, as underwriting results improved significantly for some, reports broker Willis Re. A recent report by the reinsurance broking arm of Willis Towers Watson ... Read the full article
Aon announces global leadership appointments within Reinsurance Solutions
23rd August 2021
Global insurance and reinsurance broker Aon has announced it has made new global leadership appointments within its Reinsurance Solutions division. Joe Monaghan has been appointed as Global Growth Leader and will have full responsibility for overall growth strategy, whilst continuing as Chief Executive Officer (CEO) of Aon’s Public Sector Partnership. His new ... Read the full article
TigerRisk hires Tim Edwards as EMEA Cat Analytics Lead
23rd August 2021
Global insurance and reinsurance broker, TigerRisk Partners, has appointed Tim Edwards as part of its growing London-based property and casualty (P&C) team serving clients in the UK, Europe, and wider international region. Edwards, who is currently a Senior Manager in the Portfolio Risk Management team at Lloyd’s, will take up his ... Read the full article
Property market still challenging, but conditions moderating: Aon
23rd August 2021
Re/insurance broker Aon has observed that the North American property market remains challenging, but notes that conditions are moderating as rate increases decelerate and the sector begins to approach equilibrium. Against this backdrop, analysts believe that insurers will be looking to increasingly regain share of classes of business deemed profitable, and ... Read the full article
Tech altering the risk reality for companies post-COVID: WTW
20th August 2021
A new report from re/insurance broker Willis Towers Watson (WTW) has highlighted how emerging technologies are rapidly altering the risk reality for companies across most industries in the wake of the COVID-19 pandemic. The report, which explores how the pandemic has impact the risk landscape for the Technology Media and Telecoms ... Read the full article
Aston Lark Ireland acquires A.R. Brassington & Co.
20th August 2021
Insurance broker Aston Lark Ireland has acquired A.R. Brassington & Co., a subsidiary of the ARB Group. Brassington Insurance offers solutions to clients and customers, direct and wholesale, led by the management team of Cathal O’Brien and Paul Carty. The company is supported by a team of skilled and experienced professionals, Brassington ... Read the full article
Ardonagh sees H121 income rise 33.4% to £433mn
19th August 2021
The Ardonagh Group has reported a 33.4% rise in income to £443.2 million for the first half of 2021, and an adjusted EBITDA increase of 53.4% to £153.3 million. Year-to-Date the broker also shouldered £279.9 million in operating costs, a 24.5% increase from the prior year period. Results were said to be ... Read the full article