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 analytics platform receives US Patent
7th November 2023
Lockton Re, the reinsurance arm of the independent insurance broker, has announced that its analytics platform, SAGE, has been awarded a US Patent. This patent is for systems and methods for custom and real-time visualization, comparison, and analysis of insurance and reinsurance structures. Claude Yoder, Global Head of Analytics, Lockton Re, commented: ... Read the full article
UK’s Pool Re renews reinsurance broking contract with Guy Carpenter
17th October 2023
Pool Re, the UK Government’s terrorism reinsurance scheme, has reported it successfully renewed its reinsurance broking contract with Guy Carpenter for three years, with an option to run to five. According to the announcement, Guy Carpenter will support Pool Re in returning risk and premium to the private sector, which in ... Read the full article
BMS hires Andras Bohm as head of US Capital Advisory
16th October 2023
Independent specialist re/insurance broker, BMS Group, has appointed Andras Bohm as the head of its US Capital Advisory business and the CEO of BMS Capital Advisory, Inc. - BMS Groups’ U.S. broker-dealer - subject to regulatory approvals. In his new role, Bohm will hold responsibility for leading BMS Group's investment banking ... Read the full article
Mark Shumway joins Inver Re as Head of Advisory
10th October 2023
Mark Shumway, formerly of insurance and reinsurance broker Howden, has joined Inver Re, the reinsurance broking arm of the Ardonagh Group, as Head of Advisory. Shumway joined Hyperion X, which later became Howden, from JLT Re in 2019, which followed Marsh McLennan's acquisition of JLT Group earlier that year. During ... Read the full article
Gallagher Re appoints leader for newly created Global Credit & Political Risk team
9th October 2023
Global reinsurance broker Gallagher Re has appointed Jonathan Allard as Managing Director and Head of its newly created Global Credit & Political Risk team, based in London. According to the broker, Allard will bring together the experienced, specialist London market and international teams and be responsible for leading and developing the ... Read the full article
WTW considers re-entering into treaty reinsurance: Goldman Sachs
9th October 2023
WTW is considering re-launching back into treaty reinsurance, Goldman Sachs has revealed following a management meeting with the insurance broker. Back in 2021, WTW sold its reinsurance arm Willis Re to Gallagher. A clause in the terms of agreement stated that WTW would not broker treaty reinsurance products again until ... Read the full article
Arthur J. Gallagher announces acquisition of Altman Insurance Services
4th October 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Louisville, Kentucky-based WLA Insurance, LLC, dba Altman Insurance Services. Terms of the transaction were not disclosed. Altman Insurance Services provides employee benefits brokerage and consulting services to both large and small group businesses across ... Read the full article
Howden Tiger names Tim Ronda as new CEO
27th September 2023
Global broker Howden's reinsurance arm, Howden Tiger, has announced that its current President, Tim Ronda, will take over as the firm's Chief Executive Officer (CEO), reporting to David Howden, CEO of Howden. Effective January 1st, 2024, Ronda will assume the role from current CEO Rob Bredahl, who will become Executive Chair ... Read the full article
Separating first party cyber reinsurance can increase participation, says Lockton Re
11th September 2023
Global reinsurance broker Lockton Re has released a new report which discusses the benefits of breaking the cyber peril into requisite parts, an approach the broker says can potentially improve the access to capital and expertise. Titled 'The All Risk Cyber (ARC) Challenge: An Assessment to Simplify Cyber Reinsurance,' Lockton Re's ... Read the full article
Acrisure Re names Kriesch & Witteveen as Managing Directors for Cat Bond Solutions
10th September 2023
Acrisure Re, the reinsurance division of global fintech Acrisure, has announced the appointment of Sandro Kriesch and Patrick Witteveen as Managing Directors of Catastrophe Bond Solutions within its Corporate Advisory and Solutions (ARCAS) division, effective immediately. Based in Zurich, they will report to Ben Canagaretna, the Global Managing Director of ARCAS. Kriesch ... Read the full article
Demand for reinsurance to grow ahead of Jan 1, cat rates broadly adequate: Guy Carpenter
6th September 2023
Guy Carpenter executives expect demand for reinsurance protection to grow heading into the January 2024 renewals, while the reinsurance broker also feels that catastrophe rates are broadly adequate after significant adjustments in 2023. During its recently held virtual pre-Monte Carlo media briefing, executives and leaders from Guy Carpenter discussed current reinsurance ... Read the full article
Reinsurance sector well positioned to absorb high nat cat hit in H2: Gallagher Re’s Shea
6th September 2023
As the reinsurance sector's H1 underlying return on equity (ROE) surpassed the cost of capital for the second year running, Brian Shea, Global Head of Strategic & Financial Advisory, Gallagher Re, suggested the current strong financial position makes the industry more equipped to cope if H2 turns out to be ... Read the full article
Augment hires former Aon Exec David Ledger as Senior Adviser & Board Member
6th September 2023
Augment, a recently launched reinsurance broker that offers bespoke solutions to its partners, has appointed former Aon UK COO David Ledger as a Senior Advisor and Board Member. In his new role, Ledger will use his experience and insights across the reinsurance industry to continue to strengthen Augment's senior leadership team. Ledger ... Read the full article
Reinsurance capital rises, underlying ROE ‘well above’ cost of capital: Gallagher Re
6th September 2023
Global reinsurance capital rose 13% from the end of 2022 to $709 billion at half year 2023, as reinsurers benefited from improving underwriting results and a strong investment performance, according to reinsurance broker Gallagher Re. Industry capital levels are almost back to their 2021 peak of $725 billion, and have again ... Read the full article
Opportunity for reinsurers to exceed their cost of capital: Howden Tiger
24th August 2023
After experiencing a significant capital impairment in 2022, re/insurance capital is "slowly returning to its previous levels," and as reinsurers continue to benefit from hard market conditions, the sector should exceed its cost of capital for the first time in this cycle, according to Howden Tiger. Global reinsurance broker Howden Tiger ... Read the full article
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