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.
Gallagher Re launches next-gen reinsurance analytics platform GAIA
14th September 2021
Global reinsurance broker Gallagher Re has announced the launch of its holistic, next-generation reinsurance analytics platform called Gallagher Automated Insurance Analytics (GAIA), designed to deliver deeper and faster client insights. According to Gallagher Re, GAIA provides clients with a single, scalable analytics ecosystem which incorporates structured data, automated workflows, and on-the-fly ... Read the full article
WTW, Applied Systems target real-time pricing enhancements
13th September 2021
Global reinsurance broker Willis Towers Watson is working with Applied Systems on a programme aiming to assist insurers and MGAs in developing their rates, underwriting rules and adjustments, and then deploying them directly to the market in real time. As part of the arrangement, Applied has expanded its Rating Hub functionality ... Read the full article
Aon combines facultative reinsurance broking teams in Asia Pacific
10th September 2021
Aon's facultative reinsurance broking team in Singapore and its Reinsurance Solutions’ APAC facultative team have combined into one unit. The team will serve Aon’s clients in the Asia Pacific region. The newly combined team is part of Aon’s Reinsurance Solutions. Geoff Lambrou has become CEO, Facultative – Asia Pacific, to lead the newly ... Read the full article
2021 fast becoming the year of ESG: Guy Carpenter execs
10th September 2021
During a recent briefing hosted by Guy Carpenter, industry executives claimed that environmental, social and governance (ESG) issues have become more important than ever for reinsurers this year. Jessica Turner, Managing Director for Catastrophe Advisory at Guy Carpenter, highlighted the growing significance of ESG risks during a discussion that focused on ... Read the full article
WTW outlines Investor Day strategy
10th September 2021
Re/insurance broker Willis Towers Watson (WTW) has outlined its strategy to drive long-term growth and value creation for shareholders at its Investor Day. The broker plans to focus on core opportunities with the highest growth and return, including gaining market share in Risk and Broking and Individual Marketplace, along with innovating ... Read the full article
Indian brokers Amicus and First Policy approved for merger
10th September 2021
Indian broking firms First Policy Insurance Brokers and Amicus Insurance Brokers have announced plans to merge, following approval from the country’s regulator. The Insurance Regulatory and Development Association of India (IRDAI) granted in-principle approval for the transaction last month. Leaders from the two broking firms expressed confidence that the merger would enable ... Read the full article
WTW sells Innovisk stake to equity funds BHMS and Abry
9th September 2021
Innovisk Capital Partners has announced that BHMS Investments and Abry Partners have signed an agreement to acquire a majority ownership position in the business from Willis Towers Watson (WTW). Established in 2017, Innovisk seeds, develops and grows MGAs using data and analytics to aid product development and pricing, as well as ... Read the full article
Aon partners with Latium Technologies for risk mitigation tool
9th September 2021
Aon plc has partnered with Latium Technologies to introduce Latium's Job Site Insights (JSI) Internet of Things (IoT) application and suite of products as a foundational risk mitigation tool for contractors and owners. The alliance between Latium Technologies and Aon brings industry-leading technology to more contractors and owners, so they can ... Read the full article
Oneglobal names Matthew Warren CEO, Middle East
9th September 2021
Oneglobal Broking has appointed Matthew Warren to lead its efforts in the Middle East as Chief Executive Officer, reporting directly to group CEO Mike Reynolds. Warren's appointment is expected to help Oneglobal build out its operations across the region; another step towards its long term expansion plans. He brings over 35 years' ... Read the full article
BMS adds Stephan Simon to Private Equity, M&A and Tax unit
8th September 2021
BMS, the independent specialist re/insurance broker, has appointed Stephan Simon as a director and head of warranty and indemnity insurance in the Private Equity, Mergers & Acquisitions (M&A) and Tax Insurance division. He will report to Tan Pawar, managing director and head of Private Equity, M&A and Tax for BMS in ... Read the full article
Climate change is front and centre for reinsurers, say Aon execs
8th September 2021
As industry losses from so-called secondary perils such as wildfires, winter storms and floods continue to rise, coupled with the expectation of more frequent and severe events in general, climate change is "front and centre in most people's thinking," according to Andy Marcell, Chief Executive Officer (CEO) of Aon's Reinsurance ... Read the full article
Gallagher adds Elizabeth Jenkin as independent non-exec director
6th September 2021
Insurance broker Gallagher has appointed Elizabeth Jenkin as an independent non-executive director of Arthur J Gallagher Holdings (UK) Limited, subject to regulatory approval. Jenkin is the Chief Executive Officer of Nimbla, a chair of the Risk and Capital Committee and non-executive director for Fidelis UK. She is also a non-executive director of ... Read the full article
Marsh McLennan Agency acquires Vaaler Insurance
6th September 2021
Marsh's marketing agency subsidiary Marsh McLennan Agency has acquired Vaaler Insurance, an independent agency in North Dakota. Vaaler is a third generation family-owned business, providing business insurance, employee health and benefits, and personal lines solutions, with specialised expertise in the construction, education, and healthcare industries. Founded in 1947, the company employs 81 ... Read the full article
WTW and LSM align capacity to support Climate Transition Pathway
3rd September 2021
Willis Towers Watson has announced that Liberty Specialty Markets has aligned capacity to support the Climate Transition Pathway (CTP) solution. The CTP is an accreditation framework that provides insurance companies and financial institutions with a consistent approach to identifying businesses with robust low carbon transition plans aligned to the Paris Agreement. This ... Read the full article
Ida Northeast floods will add double-digit billions to economic cost: Aon
3rd September 2021
Analysts at Aon believe that flood damage in the Mid-Atlantic and Northeast regions caused by the tail-end of Hurricane Ida will result in an additional double-digit billion dollar economic loss. Ida made landfall in Louisiana on Sunday as a Category 4 hurricane, battering the state with sustained wind speeds of up ... Read the full article
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