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 grows Pittsburgh footprint with Jonathan Mycyk hire
1st October 2021
Insurance brokerage Lockton has expanded its footprint in Pittsburgh, PA with the appointment of Jonathan Mycyk as Senior Vice President. Mycyk joins with over 15 years at Aon, where he worked with business leaders at firms ranging from small to global in size, to deliver unparalleled value to their employees. In his ... Read the full article
TigerRisk hires reinsurance exec Tim Ronda from Aon
1st October 2021
Global insurance and reinsurance broker TigerRisk Partners has strengthened its reinsurance expertise with the addition of Tim Ronda as a Senior Executive. Ronda most recently served as Global Geographic Leader of Reinsurance Solutions at Aon, before which he was Aon’s President of Reinsurance Solutions for the US. He was also a member ... Read the full article
Howden Group’s DUAL expands into Latin America
30th September 2021
The global underwriting division of Howden Group Holdings, DUAL Group, has expanded into Latin America through the acquisition of a Mexico-based MGA and the launch of its own office in São Paulo, Brazil. DUAL's entry into Latin America means it now has a presence in 18 countries across the Americas, Europe, ... Read the full article
Willis Re launches new flood model for MENA region
30th September 2021
Willis Re has launched a new flood model for the Middle East and North Africa (MENA) region designed to allow re/insurers' flood risk to be quantified using a catastrophe model. The model currently covers Morocco, the United Arab Emirates, and the Kingdom of Saudi Arabia, with further releases for Oman, Qatar ... Read the full article
Lockton names Head of Intl. Property within Wholesale P&C division
29th September 2021
Insurance broker Lockton has has appointed Andrzej Danyluk as Head of International Property within its Wholesale Property & Casualty (P&C) division, effective immediately. In his new role in London, Danyluk will be responsible for developing and growing the international property portfolio of clients in collaboration with Lockton’s international offices and partners. Danyluk ... Read the full article
Aon estimates global reinsurer capital at $660bn
27th September 2021
Analysts at Aon have estimated that global reinsurer capital totalled $660 billion at 30 June 2021, following growth in both traditional and alternative capital. The figure, which represents a $10 billion increase versus the end of 2020, was calculated based on a broad measure of the capital available for insurers to ... Read the full article
Alliant names Taylor Hargrave VP
27th September 2021
US insurance broker Alliant has added Taylor Hargrave as Vice President, based in Dallas. Hargrave will design and implement property and casualty insurance programs for Alliant’s regional client base and joins with a comprehensive background in property and casualty insurance, including executive and professional liability, risk management, claims management, and loss ... Read the full article
AJ Gallagher acquires Federal Crop Insurance specialist Files Agribusiness
24th September 2021
Global insurance broker Arthur J. Gallagher & Co. has announced the acquisition of Bastrop, LA-based Files Agribusiness, LLC. Founded in 2010, Files Agribusiness is a retail insurance agency that specializes in offering Federal Crop Insurance, agribusiness property and casualty, and agricultural aviation coverages. It serves clients primarily in the states of Louisiana, ... Read the full article
Protecdiv completes placement deal with Maquia Capital
24th September 2021
US re/insurance broker Protecdiv has completed a procurement and placement deal with Maquia Capital in partnership with CAC Speciality. Maquia Capital is a Miami based Financial Group that in December 2020 announced plans to launch a SPAC for the acquisition of growth-oriented Technology companies. The firm is aiming to improve its ... Read the full article
Aston Lark moves to acquire The Health Insurance Company
23rd September 2021
Chartered insurance broker Aston Lark has agreed terms to acquire the clients of The Health Insurance Company, a move aimed at strengthening the group’s health insurance expertise. With further acquisitions planned, this move is seen as a further step in Aston Lark's efforts to continually expand its Employee Benefits and Healthcare ... Read the full article
Amwins Global Risks names Head of Construction & Engineering
22nd September 2021
Amwins Global Risks, the specialist insurance and reinsurance broker, has announced the appointment of Gary Keenan as Head of Construction & Engineering. He will take over from current managing director, Steve Willsmer, who retires at the end of this year. Keenan joins Amwins from from Ed Broking where he held the role ... Read the full article
BMS Re adds EVP Jerry Farrell to origination team
20th September 2021
Independent reinsurance broker BMS Re has announced the appointment of Jerry Farrell as an Executive Vice President (EVP) in its origination team. Farrell previously spent 10 years at Toa Reinsurance Company where he was executive vice president and chief underwriting officer, with responsibility for P&C underwriting results for North America Prior to ... Read the full article
Gallagher adds Martin Rossiter as partner within aerospace practice
20th September 2021
Global reinsurance broker Gallagher has named Martin Rossiter partner within its aerospace practice, a role which will see him focus on further evolving the firm’s industry value proposition while supporting clients with their wider risk management needs. Rossiter joins from Etihad with 35 years’ experience in aviation risk. His final five years ... Read the full article
Lockton Re adds Monica Tigleanu to Cyber Practice
20th September 2021
Lockton Re, the reinsurance arm of the global broker, has announced the addition of Monica Tigleanu to its Specialty Division as part of the Cyber Practice. Tigleanu most recently served as Senior Vice President (SVP) Cyber, Media & Technology at Marsh Specialty, having joined the firm in 2018. Earlier in her career, ... Read the full article
Commercial rates increase through Q2 but pace slows: WTW
16th September 2021
A new survey from Willis Towers Watson (WTW) shows that US commercial insurance prices grew again through the second quarter of 2021, although at a slower pace than in previous quarters. The broker’s Q2 Commercial Lines Insurance Pricing Survey (CLIPS) found that the aggregate commercial price change reported by carriers was ... Read the full article
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