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.
Guy Carpenter’s revenue up 7% as Marsh reports ‘outstanding’ first quarter
27th April 2021
Global insurance brokerage Marsh McLennan has reported consolidated revenue of $5.1 billion for the first quarter of 2021, supported by solid revenue growth at its reinsurance broking arm, Guy Carpenter. Consolidated revenue increased 9%, or 6% on an underlying basis from the prior year quarter, as operating income jumped, year-on-year, from ... Read the full article
Shepherd Compello adds Steve Hart as Chief Broking Officer
27th April 2021
Specialist insurance broker Shepherd Compello has announced the appointment of Steve Hart to the role of Chief Broking Officer. Hart is set to oversee the creation and implementation the broking strategy which delivers the company’s financial goals for all lines of business. He will also lead the development of opportunities in new ... Read the full article
Organic revenue growth boosts Brown & Brown’s Q1 income
27th April 2021
Insurance brokerage Brown & Brown has posted a 31.0% increase in net income for the first quarter of 2021, on the back of strong organic revenue growth, rate increases, and good business retention. Net income for the quarter was $199.7 million, representing an increase of $47.3 million over the same period ... Read the full article
Brokers look to upselling and acquisitions to fuel recovery: GlobalData
27th April 2021
New survey results from GlobalData show that UK insurance brokers are looking towards upselling, acquisition and marketing to grow their businesses and recover from the challenges of 2020. GlobalData’s 2021 UK Commercial Brokers Survey found that the three most popular growth strategies for national brokers all saw an increase in the ... Read the full article
WTW licences Radar Live software to Chubb
26th April 2021
Insurance Consulting and Technology broker Willis Towers Watson has licensed its pricing delivery software Radar Live to Chubb. Radar Live is designed to integrate across multiple channels and provide commercial insurers with increased pace and agility to generate and benefit from ever more sophisticated insights. Chubb will be able to leverage advanced ... Read the full article
Ben Love takes UK leadership role at Aon’s Reinsurance Solutions
26th April 2021
Insurance and reinsurance broker Aon plc has appointed Ben Love to its Reinsurance Solutions' UK Leadership Team. Based in London, Love will focus primarily on client growth strategy in addition to other specific client responsibilities. He joins Aon from reinsurer Tamesis DUAL, where he was Director of Underwriting since 2018. Prior to this ... Read the full article
Aon – WTW merger review extended by Australian regulator
26th April 2021
Having said that Aon's acquisition of Willis Towers Watson (WTW) could significantly lessen competition in the supply of commercial risk, reinsurance and employee benefits broking and advisory services in Australia, the country's competition regulator has now pushed back the end-date of its review of the deal. Back in February, the ... Read the full article
“Happy tailwind” of rising premiums reducing expense ratios will tail-off: Vickers, Willis Re
23rd April 2021
Top-line growth has been helping global reinsurance firms to enhance their expense efficiency, but this "happy tailwind" won't last forever, warns James Vickers, Chairman, Willis Re International. Speaking with our sister publication Artemis in the latest of its Artemis Live series of video interviews, Read the full article
Acrisure names Doug Hodo as Director of Large Relationships
23rd April 2021
Insurance broker and fintech services provider Acrisure has announced the appointment of Doug Hodo as Director of Large Relationships. In this new position, Hodo will lead a team specializing in large customer relationships. Its aim will be to unify Acrisure’s direct sales efforts toward large companies seeking products and services in critical ... Read the full article
WTW predicts return to soft cycle as rates decelerate
23rd April 2021
Analysts at Willis Towers Watson (WTW) have said the cyclical nature of pricing in the re/insurance market is set to be “proven again” as prices look ready to decelerate over the coming months. A new report by the broker noted that property rate increases have not been as steep as many ... Read the full article
Christophe Gaudron named CEO of Guy Carpenter France
22nd April 2021
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Christophe Gaudron as Chief Executive Officer (CEO) of its French operations, effective January 1st, 2022. As CEO of Guy Carpenter France, Gaudron will be responsible for overseeing broking activities across the French marketplace. Based in Paris, he ... Read the full article
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
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
