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.
Lockton Re adds Gallagher Re’s Patrick Bousfield to Bermuda office
8th October 2021
The reinsurance business of independent insurance broker Lockton has added Patrick Bousfield to its Bermuda office as a Senior Broker. Bousfield joins Lockton Re from Gallagher Re in New York, where he led the firm's cyber offering as part of its specialty team. He has over 12 years of treaty and facultative ... Read the full article
Aon partners with Athenium Analytics on updated claims processing platform
8th October 2021
Global re/insurance broker Aon has announced an update to its Claims Signal Platform (CSP), adding two new predictive analytics models that provide daily alerts to claims handlers as new information is collected. CSP was developed in collaboration with Athenium Analytics and now includes two new predictive analytics models that provide daily alerts to ... Read the full article
Innovative finance models needed to plug disaster funding gap: Howden
7th October 2021
Howden, the international insurance broker, plans to drive forward the use of innovative financing models to help plug the estimated $20 billion disaster relief funding gap by bringing the issue to the fore at the World Climate Summit. As an official partner of the Summit, Howden Group CEO, David Howden, will ... Read the full article
Aon launches Ransomware Defence to improve cyber preparations
7th October 2021
Re/insurance broker Aon has announced the launch of Ransomware Defence, a solution that brings the firm’s Aon’s cyber security expertise and capabilities together into one solution to help mid-market organisations improve their cyber preparedness. Aon notes that insurers are experiencing mounting losses, largely driven by the proliferation of ransomware, with the ... Read the full article
Howden acquires CHB Insurance Brokers
6th October 2021
Howden, the international insurance broker, has acquired CHB Insurance Brokers (CHB), one of the pre-eminent Property & Casualty brokers in the Baltic region. The acquisition marks Howden’s expansion into the Baltic market as it continues to build out its international platform and expand its retail operations across Europe to support both ... Read the full article
Lockton Financial Services adds new cyber leadership for Pacific region
6th October 2021
Lockton Financial Services (LFS), a division of the global re/insurance brokerage focused on the financial services industry, has announced the additions of Elissa Doroff and Akhil Chopra to help lead its Pacific Series cyber practice. As Managing Director—Cyber Product Leader, Doroff will be focused on driving product innovation and thought leadership ... Read the full article
Miller inks deal with complex risks platform provider Dialogue
6th October 2021
The Credit and Political Risks (CPRI) team at Independent specialist re/insurance broker Miller has partnered with complex risks platform provider Dialogue in an effort to enhance its service offering to clients. The team is said to have successfully completed the first deal on the new platform; a demonstration of how Dialogue’s ... Read the full article
Broker Ed hires Marsh’s Kristina Juul to lead Casualty in Bermuda
5th October 2021
Global reinsurance brokerage Ed has announced the appointment of Kristina Juul as Head of Casualty, Bermuda, reporting to Colin Kelley, Head of Liability ED Broking Bermuda. Juul joins the firm in November, bringing over 13 years of industry experience having held senior roles in both the Bermuda and London markets. Most recently, ... Read the full article
CMA begins investigation into Gallagher’s acquisition of Willis Re
5th October 2021
The UK's Competition and Markets Authority (CMA) is investigating the expected acquisition of the treaty reinsurance business of Willis Re to brokerage Arthur J. Gallagher & Co (Gallagher). It was announced in August that Gallagher had reached an agreement to acquire the treaty reinsurance operations of Willis Towers Watson (WTW). Initially, ... Read the full article
AJ Gallagher’s Pen Underwriting acquires Manchester Underwriting Agencies
5th October 2021
Arthur J. Gallagher & Co. has announced that its specialist underwriting subsidiary, Pen Underwriting, has acquired 100% of UK-based Manchester Underwriting Agencies Limited and its wholly owned subsidiary, Manchester Underwriting Management Limited (MUM). Founded in 2010 by Charles Manchester as a specialist underwriting agency, MUM is a multi-class, full-service managing general ... Read the full article
Howden makes first acquisition in Swiss brokerage market
5th October 2021
Global insurance broker Howden has announced the acquisition of BrokerCenterZürichsee AG (BCZ). This acquisition, the company's first in the Swiss brokerage market, represents investment in local expertise and a platform for its strategic growth plans in the country. BCZ is an independent insurance broker servicing Swiss SME clients across personal lines, ... Read the full article
Bredahl takes CEO role at TigerRisk, as Fox becomes Exec Chairman
4th October 2021
Global insurance and reinsurance broker TigerRisk Partners has announced that Rob Bredahl will become its new Chief Executive Officer (CEO), effective immediately, succeeding current CEO Rod Fox who will transition into the role of Executive Chairman. Taking over the President role from Rob Bredahl is Tim Ronda, whose addition to TigerRisk ... Read the full article
McGill to launch Bermuda operation, led by Kate Vacher
4th October 2021
Specialist re/insurance broker McGill and Partners has announced that it will officially open a Bermuda office later this month, led by Chief Executive Officer (CEO) Kate Vacher. The Bermuda hub, which has already received regulatory approval, is expected to complement McGill and Partners’ other international operations as the firm continues to ... Read the full article
Insurers must evolve or risk stifling sharing economy: Marsh
4th October 2021
Insurance broker and risk advisor Marsh has asserted that insurers must create new forms of coverage, including programs to support gig-workers at scale, in order to support changes in the global sharing economy and mobility sector. In a new report, analysts at Marsh noted that the COVID-19 pandemic has already accelerated ... Read the full article
Reinsurance leaders show greater risk appetite since pandemic: Aon
1st October 2021
New research from Aon shows an increased appetite for calculated risks within the leadership of the re/insurance industry, with nearly 90% of executives expecting business conditions to be stronger a year from now. More than 18 months since the global outbreak of the COVID-19 pandemic, Aon surveyed 800 C-suite leaders and ... Read the full article
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