Reinsurance News
Reinsurance broking news
Reinsurance broker news, analysis and insight, covering reinsurance broker market 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.
Market pricing remains firm at 4/1 despite ample capacity: Willis Re
1st April 2021
Broker Willis Re has reported that market pricing has remained firm in virtually all classes and territories at the April 1 reinsurance renewals, despite there being no shortage of capacity. According to Willis Re’s 1st View report on the April renewal period, conditions very much continued in line with what was ... Read the full article
Guy Carpenter names Sebastian Cook MD and Head of London Europe
1st April 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Aon's Sebastian Cook as Managing Director and Head of London Europe, effective immediately. In his new role, Cook will lead the London-based teams focusing on European business and the newly formed European Broking Solutions Team, focused on ... Read the full article
Acrisure forms asset management division, appoints Patrick Rogers to lead
30th March 2021
Insurance broker Acrisure has announced the launch of a new asset management division to be led by asset and wealth management veteran Patrick Rogers. Rogers will serve as president of the decision and brings with him a 35-year career having led both Gateway Investment Advisers and Quadrant Capital Group. He is now ... Read the full article
Guy Carpenter appoints Owen & Ahmad to lead APAC Capital Advisory Group
30th March 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has launched a new Capital Advisory Group in Asia Pacific, and has appointed Michael Owen and Hussain Ahmad to lead the business. The broker's new Asia Pacific Capital Advisory Group provides clients with industry-leading capabilities designed to help make informed business decisions, ... Read the full article
Aon / WTW: Reports say EC remedy package in development, progressing
29th March 2021
Aon and Willis Towers Watson (WTW) are making progress in developing a remedy proposal for European Commission regulators, as the pair look to be proactive in making concessions to get the merger completed, according to reports. As we've previously written, competition related concerns are said to be rising, with the ... Read the full article
Marsh makes leadership changes within US FINPRO practice
26th March 2021
Global insurance brokerage Marsh has announced new leadership appointments within its US Financial Institutions and Financial and Professional Liability (FINPRO) practices. Jacqueline Quintal, currently a Managing Director within Marsh’s US Financial Institutions Practice, has been named to the additional role of US Digital Asset Leader where she will oversee the delivery ... Read the full article
Aon / WTW considering sale of Gras Savoye in France, reports suggest
25th March 2021
According to L’argus de l’assurance, rumors circulating in the French broking market suggest that Willis Towers Watson (WTW) could be considering a sale of its Gras Savoye unit ahead of its planned merger with Aon. The proposed combination of the broking giants is currently under investigation by regulators, with concerns centering ... Read the full article
Miller enhances reinsurance offering with addition of James Power
25th March 2021
Specialist insurance and reinsurance brokerage, Miller, has bolstered its exposure analytics and deal structuring offering for reinsurance clients with the addition of James Power as Exposure Analytics Lead. Power has more than a decade of experience working in the London market, most recently with Apollo Syndicate Management Limited. In his new role, ... Read the full article
Industry costs from Suez obstruction to exceed $100m: McGill & Partners
25th March 2021
Analysts at specialist broker McGill and Partners believe that the re/insurance industry could be looking at costs in excess of $100 million due to the ongoing obstruction in the Suez Canal. The vital trade waterway through Egypt has been blocked by a grounded ship since Tuesday, resulting in a backlog of ... Read the full article
Acrisure closes $3.4bn capital raise
24th March 2021
Global re/insurance brokerage Acrisure has announced the successful closing of two transactions representing a significant $3.4 billion capital raise, led by merchant bank BDT Capital Partners. BDT led a $3 billion investment, via its affiliated investment funds, into the broker's Senior Preferred Stock. Additionally, a consortium of investors, which the broker says ... Read the full article
Corant appoints RFIB’s Kevin Stratton to lead new Bermuda operation
23rd March 2021
Global brokerage and financial technology firm Corant Global has added Kevin Stratton to lead the group’s new reinsurance operation in Bermuda. Stratton has more than 30 years of speciality expertise and joins from RFIB, where he served as managing director and led all specialty non-marine classes. Previously he served as Chief Executive ... Read the full article
Marsh’s role in Greensill collapse highlighted by Credit Suisse, reports
22nd March 2021
An internal review conducted by Credit Suisse scrutinises Marsh & McLennan for its role in the collapse of financial services firm Greensill, according to reports emerging from The Financial Times. Greensill, which specialises in supply-chain finance, filed for administration last week after “severe financial distress” left it unable to repay a ... Read the full article
Aston Lark acquires North County Brokers
18th March 2021
Goldman Sachs backed insurance broker Aston Lark has announced its acquisition of North County Brokers. North County Brokers offers independent advice to businesses across a broad range of insurance and risk management services. Initially, the firm will be brought into the Aston Lark Group under Robertson Low as a temporary measure, as ... Read the full article
Ed Messer joins Gallagher Re
18th March 2021
Specialist reinsurance broker Gallagher Re has announced the addition of Ed Messer as a Partner at the firm. Messer joins Gallagher Re from Aon, where he most recently served as Head of UK Analytics, based in London. "We are absolutely delighted that Ed has chosen to join Gallagher Re at this exciting ... Read the full article
Miller bolsters marine capabilities with Steve Barness hire
18th March 2021
Specialist re/insurance broker Miller has announced the addition of marine hull specialist Steve Barness to its team. Barness will be joining Miller’s team of Marine specialists to help arrange insurance solutions relating to hull & machinery, disbursements and other marine interests for hundreds of shipping companies across the globe. He has worked ... Read the full article