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.
TigerRisk partners with data analytics firm Pinpoint Predictive
19th October 2021
Re/insurance risk, capital and strategic advisor TigerRisk Partners has announced a new partnership with Pinpoint Predictive, an analytics platform that uses data and deep learning algorithms to inform P&C insurance decisions. Using behavioural modelling of the adult population of the US, Pinpoint’s automated platform produces risk scores for individuals as well ... Read the full article
Guy Carpenter launches Wildfire Risk Score
18th October 2021
Guy Carpenter & Company has launched a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach successfully deployed in the U.S. and adds an additional peril geography to Guy Carpenter’s climate advisory offerings. Through the new platform, ... Read the full article
Reinsurance results to come under pressure through H2: Aon’s Van Slooten
15th October 2021
Mike van Slooten, Head of Business Intelligence for Aon's Reinsurance Solutions division, has warned that reinsurer results will come under pressure through the second half of 2021. Commenting on Aon’s Reinsurance Aggregate (ARA) report for the H1 period, Van Slooten noted that reinsurers generally performed well during this time, with ... Read the full article
Truist reports income growth for insurance segment
15th October 2021
Purpose-driven financial services firm Truist Financial Corporation has reported net income of $105 million for its Insurance Holdings segment in the third quarter of 2021. Although this is lower than the segment's Q2 income of $156 million, it represents an increase of $28 million on the $77 million that it reported ... Read the full article
WTW’s Forsgård to take command of Nordics at Aon
15th October 2021
Re/insurance broker Aon has announced the appointment of Johan Forsgård as Chief Executive Officer (CEO) for its Nordic region. He will join the firm in the fourth quarter of 2022, leaving Allan Karlsen, CEO for Aon Denmark and Nordic Chief Operating Officer, to continue leading the region along with the Nordic ... Read the full article
Protecdiv receives licensing for all US states
13th October 2021
Re/insurance broker Protecdiv has announced it will be licensed in all 50 US States and Washington D.C, becoming the first tier-one minority-led brokerage to do so. Protecdiv’s fully licensed status means it is authorised to operate across all jurisdictions in the United States. Kael Coleman, Founder and Chief Executive Officer at Protecdiv, ... Read the full article
AJ Gallagher acquires Arkansas brokerage Alpha Surety
13th October 2021
Arthur J. Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has announced the acquisition of Alpha Surety & Insurance Brokerage. Alpha Surety is based in Little Rock, Arkansas and was founded in 2002. It focuses primarily on selling direct and wholesale commercial surety bonds in key industry ... Read the full article
Gallagher acquires Floridian SeaCoast Underwriters
13th October 2021
Arthur J. Gallagher & Co. has announced the acquisition of Florida-based SeaCoast Underwriters by its US wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS). Founded in 1996, SeaCoast Underwriters specialises in commercial property & casualty, flood & excess flood, personal lines, and transportation & garage risks, primarily across ... Read the full article
Nexus completes £70mn refinancing deal
13th October 2021
Independent specialty intermediary Nexus Group has successfully completed its £70 million refinancing effort via a loan facility with Barings. This previously-announced facility will be utilised in two ways, with £50 million being used to refinance existing debt and meet upcoming deferred consideration payments, with the balance available for new acquisitions. Furthermore, ... Read the full article
Insurance broker McGriff adds Lanette Norgan to VP role
13th October 2021
McGriff, an insurance broking subsidiary of the Truist Insurance Holdings group, has hired Lanette Norgan as vice president and marketing account executive in its energy practice. Norgan began her career in 2004 with Northwestern Mutual Financial Network, prior to transitioning into property & casualty insurance. In 2012 she joined an energy-focused boutique ... Read the full article
Howden to acquire rival broker Aston Lark
13th October 2021
International insurance broker Howden is to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital. One of the UK’s leading independent, specialist complex commercial and private client brokers, Aston Lark is considered a means for Howden to complete its UK broking business. Aston Lark will join A-Plan Group and Howden UK ... Read the full article
WTW adds Caldwell as Head of Risk & Broking for Carolinas
12th October 2021
Re/insurance broker Willis Towers Watson (WTW) has announced the appointment of John Caldwell as Risk and Broking Leader for the Carolinas. Caldwell is replacing Eric Hein, who announced his retirement earlier in the year, and will be responsible for the growth strategy for the Carolinas region. Previously, Caldwell served as Resident Sales ... Read the full article
Tysers launches new live event products
12th October 2021
Lloyd’s broker Tysers has launched two new schemes for the music and live events sector to reflect the challenges of the post-pandemic landscape. Firstly, Tysers Freelancers is an online insurance solution available 24/7 that provides cover for freelancers who work in music events across UK & Europe. And secondly, Tysers Elite will ... Read the full article
Howden Belgium acquires broker Sarton & Associés
11th October 2021
The Belgium-based arm of International insurance broker Howden has announced the acquisition of Sarton & Associés, the firm's first acquisition since its launch in 2020. Howden Belgium sees this deal as having reinforced the ambition to expand its retail operations across Belgium to service local and multinational clients. The Sarton & Associés ... Read the full article
Aviation rates moderating to stable levels: Gallagher
11th October 2021
Analysts at global re/insurance broker Gallagher have reporteded continued moderation of insurance rates in the aviation space, with the average level of increases down notably on prior quarters. In the Q3 edition of its Plane Talking publication, Gallagher noted that this moderation follows three years of consecutive rate increases and reflects ... Read the full article
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