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.
Aon – WTW: Remedy proposal reportedly submitted to US DOJ
22nd April 2021
It's been reported that Aon has submitted a remedy offer to the US Department of Justice Antitrust Division as it seeks to gain approval for its planned acquisition of rival Willis Towers Watson (WTW) . Earlier this week we reported on the news that an expansion of the divestment package ... Read the full article
Howden expands in Spain with ARTAI takeover
21st April 2021
International insurance broker Howden has announced the acquisition of ARTAI, an independent corporate broker based in Spain. The acquisition will expand Howden’s presence across Spain, Portugal and Morocco, where ARTAI maintains a workforce of 600 employees across 30 offices, and manages more than €350 million in premiums. ARTAI was founded 28 years ... Read the full article
Global reinsurer capital grows 4% to new high of $650bn: Aon
21st April 2021
Analysts at Aon have reported that global reinsurer capital increased by 4% year-on-year to a new high of $650 billion at the end of 2020. According to Aon, the increase was driven by strong capital market recovery from the COVID-19 shock in the first quarter, new equity issuance and US dollar ... Read the full article
Miller extends partnership with Concirrus for Quest Marine platform
20th April 2021
Re/insurance broker Miller has extended its partnership with insurtech company Concirrus to continue to utilise its Quest Marine platform. The platform will provide Miller's brokers with information which can target client improvement efforts on the most critical factors affecting the portfolio. This can relate to vessel maintenance, organisational profile, or behaviour at ... Read the full article
Howden hires Felix Jenny to lead Swiss operation
20th April 2021
Insurance broker Howden has appointed Felix Jenny to lead its new retail operation in Switzerland, following last years acquisition of IRIA, the Geneva-headquartered specialist political risk and credit insurance broker. Howden Switzerland will form an important part of Howden’s European business, delivering local market expertise to the Group’s multinational client base ... Read the full article
ARA total capital up 6% to $270bn in 2020, despite COVID-19 headwinds
20th April 2021
Despite being hit with roughly $25 billion in pandemic and natural catastrophe-related losses, Aon’s Reinsurance Aggregate (ARA) of reinsurers reported positive earnings for 2020 and an increased capital base, aided by demonstrated access to new funding. ARA tracks the financial results of 23 of the world’s leading reinsurance firms annually. For 2020, ... Read the full article
Price Forbes bolsters LatAm presence with Gabriel Anguiano hire
19th April 2021
Independent insurance broker Price Forbes has announced the appointment of Gabriel Anguiano, as the company looks to bolster its presence in the Latin America market. Anguiano joins from Lloyd’s syndicate Probitas 1492, where he was Head of Strategy and Business Development for Latin America. During his time at Probitas he opened the ... Read the full article
Reinsurer returns still well below cost of capital: Willis Re
19th April 2021
Reinsurance return on equity (ROE) continued to track down over 2020, with returns remaining “well below” the industry cost of capital, according to analysts at Willis Re. The broker found that both the reported and underlying ROE of the reinsurance industry declined significantly in 2020 as a lower contribution from investment ... Read the full article
Willis Towers Watson commits to net zero by 2050
19th April 2021
Re/insurance broker Willis Towers Watson (WTW) has announced a set of measures aimed at reducing carbon emissions across its business operations, with a target to deliver net zero greenhouse gas emissions by 2050. This includes an interim target for 2030, by which point WTW has committed to achieve at least a ... Read the full article
Guy Carpenter names Cordonnier & Davis as Global Co-Heads of Cyber
19th April 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has named Anthony Cordonnier as Managing Director and Global Co-Head of Cyber, and promoted Erica Davis to Global Co-Head of Cyber. Cordonnier and Davis are expected to work in close collaboration in order to co-lead the reinsurance broker's cyber team to leverage ... Read the full article
Miller adds Paula Smith to Political Violence and Terrorism team
16th April 2021
Re/insurance broker Miller has appointed Paula Smith to join its Political Violence and Terrorism team within Property and Casualty Facultative Reinsurance. Smith brings over 25 years’ experience in the insurance industry, and was most recently Head of Political Violence and Terrorism at GC FAC. Her appointment is Miller’s latest investment in the ... Read the full article
Willis Towers Watson launches Radar Workbench software
16th April 2021
Re/insurance broker Willis Towers Watson (WTW) has launched Radar Workbench, new software technology designed to support the decision-making of frontline underwriters. The product works by harnessing a range of internal and external data assets to deliver contextual analysis with the aim of improving pricing and claims reserving accuracy. With Radar Workbench, WTW ... Read the full article
Property cat rates up again at April 1 but increases fading: Guy Carpenter
15th April 2021
Property catastrophe pricing increased for the third year running at the April 1st, 2021 reinsurance renewals, while discussions about coverage were dominated by communicable disease and cyber, according to Guy Carpenter (GC), the reinsurance broking arm of Marsh. Despite the positive momentum continuing at April 1st, GC notes that the average ... Read the full article
Ascot Bermuda joins Ed’s TradEd
14th April 2021
Reinsurance broker Ed has announced that Ascot Bermuda has joined its etrading platform TradEd. The portal was launched in April last year and enables its carriers to view submissions and associated risk details, as well as make queries, see material information updates in real time and edit deal documents online. Chris Bonard, ... Read the full article
BMS launches new analytics platform
14th April 2021
Re/insurance broker BMS has launched Pathlight Analytics, an analytics platform which works across both insurance and reinsurance. The platform has been designed to assist clients with examining, analysing and interpreting data as it pertains to their specific capital and risk transfer goals and objectives. Pathlight Analytics is part of a strategic build-out ... Read the full article
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