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.
Ballantyne Brokers completes management buyout
24th March 2023
Ballantyne Brokers Ltd, a new independent Lloyd’s broker based in London, has announced it has completed a management buyout (MBO) from its parent company K2 Insurance Services. The MBO was led by founders, Ross Ballantyne and Richard Spragg, and Chief Operating Officer, John Harris who will continue to lead the company ... Read the full article
Marsh McLennan India appoints Kedia as new CEO
23rd March 2023
Marsh McLennan India, the regional operation of the global insurance and reinsurance broking powerhouse, has announced Sanjay Kedia as its new CEO. Kedia will be taking over in the new role starting April 2023 and this role comes in addition to his previous role as the President of Marsh India. Marsh India ... Read the full article
Howden Tiger names Ruff to lead Legacy team
23rd March 2023
Seth Ruff, Head of Structured Reinsurance at Howden Tiger, the reinsurance arm of international re/insurance broker Howden Broking Group, has assumed the additional role of Head of Legacy. Furthermore, the Legacy and Investment Banking divisions have come under common management, reporting to Jarad Madea, CEO, Howden Tiger Capital Markets & Advisory ... Read the full article
Reinsurers’ combined ratios remained strong in 2022 but investment losses went up: Gallagher Re
23rd March 2023
Global reinsurers' combined ratios deteriorated marginally to 95.7% for FY2022, despite this it remains strong while investment losses went up weighing on the average full-year ROE, which dropped to 10%, a Gallagher Re report revealed. According to the the Global Reinsurers’ Financial Results for FY2022 report, the reinsurers tracked by Gallagher ... Read the full article
Honan expands NZ market share with acquisition of Certus Insurance Brokers
17th March 2023
Honan Insurance Group has boosted its service capability and reach in the New Zealand market through the acquisition of Certus Insurance Brokers (CIBNZ). According to Honan, the acquisition signifies its continued growth ambition and diversification into the New Zealand market, which saw national Gross Written Premiums totalling more than $7 billion ... Read the full article
Insurance group SRG buys Consort Insurance
16th March 2023
Insurance industry intermediary Specialist Risk Group (SRG) has announced the acquisition of mid-market commercial broker Consort Insurance. The deal, which is subject to regulatory approval, will see Consort Managing Director Danny Harwood and his team join Specialist Risk Insurance Solutions (SRIS), led by Oliver Thorne who was named ist Managing Director ... Read the full article
Gallagher Re names Wakefield to become CEO, as James Kent transitions to group role
16th March 2023
Tom Wakefield is set to become the CEO of reinsurance broker Gallagher Re, after James Kent was promoted to a new role within Gallagher, as CEO of Global Insurance Strategic Relationships. Kent will take responsibility for establishing and driving a framework that determines how Gallagher connects with its major strategic partners ... Read the full article
Lockton appoints Co-Leaders for Life Sciences Practice
15th March 2023
Global insurance broker Lockton, has appointed Aon’s Brad Zechman and David Salvucci as Co-Leaders of its Life Sciences Practice. Based in Philadelphia, both Zechman and Salvucci will share strategic responsibility for the Practice. As Co-Leaders, they will both help to bring in best-in-class tools, as well as offer strategic advice and customized ... Read the full article
Howden acquires Liechtenstein broker to continue European expansion
15th March 2023
International insurance broker Howden, has announced its acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein, an independent broker with a portfolio of corporate and private clients. Trading as Howden Liechtenstein AG following completion of the acquisition, the business will be led by Felix Jenny, CEO of Howden Switzerland, Austria and Liechtenstein, ... Read the full article
US commercial prices up 4.8% through Q4: WTW
13th March 2023
US commercial insurance prices rose again in the fourth quarter of 2022, according to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), with the aggregate commercial price change measured at 4.8%. The survey compared prices charged on policies underwritten during the fourth quarter of 2022 with those charged for the same coverage ... Read the full article
Lockton names Kevin Haas Senior VP for Pittsburgh & Cleveland markets
13th March 2023
Global insurance broker Lockton has named Kevin Haas as Senior Vice President and Unit Manager for the Pittsburgh and Cleveland markets. Haas holds over two decades of experience in the insurance industry, having most recently served as SVP, Corporate Accounts Leader at Marsh. It was at Marsh where he began his work ... Read the full article
“Increase in capacity within the CPRI market denotes its stability”: WTW’s Coffin
13th March 2023
The credit and political risk insurance market (CPRI) remains resilient with record capacity amidst global political and economic uncertainty, according to a survey by global advisory, broking, and solutions company, WTW. Fifty-eight insurers across Lloyd’s and company markets participated in the survey titled: The Credit and Political Risk Insurance Capacity Survey ... Read the full article
Ryan Specialty promotes Michael VanAcker to EVP of RT Specialty
13th March 2023
Global specialty insurer Ryan Specialty has promoted Michael VanAcker to Executive Vice President of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty, effective immediately. In the role, VanAcker will work closely with Tim Turner, Chairman & Chief Executive Officer of RT Specialty, Ed McCormack, President of RT Specialty, as ... Read the full article
Lockton launches proprietary workers’ compensation consulting process
10th March 2023
Insurance brokerage Lockton has announced the launch of Lockton 360, a proprietary workers' compensation consulting framework. The service is designed to help employers address one of their most important and potentially costly risks. Typically, workers’ compensation losses are one of the largest controllable expenses that any organisation can face. The losses can ... Read the full article
Säkra, EBM, Protec & Horsell Duffy Langley join WBN
10th March 2023
The Worldwide Broker Network (WBN) has announced that Säkra, EBM, Protec and Horsell Duffy Langley (HDL) have joined as members. WBN has also welcomed International Medical Group and Sompo International as new sponsors, in addition to the membership expansion of Pacific Prime into China and the United Arab Emirates. Olga Collins, CEO ... Read the full article