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.
Howden Iberia hires MD for Employee Health and Benefits
1st December 2020
Insurance broker Howden has hired Ana Matarranz as Managing Director of the Employee Health and Benefits practice for Howden Iberia. The appointment comes after Howden's acquisition of Compensa, a flexible compensation and Human Resources consulting firm, where Matarranz will be added to its Board of Directors. She has over 20 years of ... Read the full article
Uncertainty diminishing ahead of “complex” 1/1 renewals: GC
30th November 2020
Guy Carpenter (GC), the reinsurance arm of global brokerage Marsh, has warned that the upcoming January 2021 renewals will be uniquely “complex” due to the manifold challenges in the market this year. However, the broker added that re/insurers seem “ready to respond” to these complexities, and noted that some areas of ... Read the full article
Lloyd’s syndicate Ki binds first risk with AmWINS’ THB
30th November 2020
Ki, the fully digital and algorithmically-driven Lloyd’s of London syndicate, has revealed that it has now bound its first risk with THB, the international broking arm of AmWINS Group, Inc. The risk was bound by the Brit and Google Cloud backed Ki on its fully-aligned Lloyd's Syndicate 1618, with Ki's line ... Read the full article
Gallagher Re names Director of Brazilian operations
26th November 2020
Specialist reinsurance broker Gallagher Re has announced the appointment of Thiago Navega as Director of its Brazilian operations. The appointment is expected to bolster the broker’s growing presence in the Latin America region, particularly in the global energy sector. Navega will be based in Gallagher Re’s Rio de Janeiro office, reporting to ... Read the full article
Gallagher hires Regional Managing Director for UK Midlands
26th November 2020
Insurance broker Gallagher has announced that Gareth Parry-Jones has been appointed Regional Managing Director of the Midlands, UK. In his new role, Parry-Jones is responsible for leading over 200 colleagues across branches in Birmingham, Coventry and Leicester. He will report into Peter Matthews, Managing Director of the North in Gallagher’s UK Retail ... Read the full article
Aston Lark-backed MGA Spring Partners launches, acquires Neon Sapphire
25th November 2020
Spring Partners, a joint venture from broker Aston Lark, has announced its formation as a Managing General Agent platform. Spring Partners, led by CEO Jeremy Miles and Chairman Russell Kilpatrick, has been created to invest in and create new MGAs. “We are excited to be launching Spring Partners, aligning quality capacity with ... Read the full article
Willis Re adds Hick as a Director within Australian business
25th November 2020
Willis Re has announced the appointment of Cameron Hick as a Director in its Australian business. Hick will focus on client advocacy, delivering strategic advice, structuring assistance. He will also work towards strengthening Willis Re's relationships with the global reinsurance community. Commenting on the appointment, John Philipsz, CEO of Willis Re Australia said, ... Read the full article
Howden set to acquire cyber, tech-focused broker Safeonline
24th November 2020
Insurance broker Howden has agreed to acquire specialist broker and Lloyd’s coverholder Safeonline. The deal will see a team of cyber insurance specialists join Howden’s cyber division and is intended to add resources and expertise to the company's presence in the marketplace. Chris Cotterell, Chief Executive Officer of Safeonline will join Howden ... Read the full article
BMS appoints Chris Madell to lead new FI division as director
23rd November 2020
Independent specialist re/insurance broker BMS Group has appointed Chris Madell to serve as director of its new financial lines division. Madell joins immediately and will be based in London, reporting to Ian Gormley, managing director of the BMS Global Risks division. He brings over 33 years’ insurance experience in both the London ... Read the full article
Lloyd’s syndicate Ki goes live with broker trading partners
23rd November 2020
Digital Lloyd’s syndicate Ki has onboarded its initial broker trading partners, providing access to its algorithmic underwriting ahead of the upcoming January 1 renewals. Broking partners include Aon, Aon Re, BGCI, including Ed and Besso, Bishopsgate, BMS, Gallagher, Guy Carpenter, Howden, Lockton, Lockton Re, Marsh, Miller, Price Forbes, AmWins / THB, ... Read the full article
Moody’s gives stable outlook for insurance brokers in 2021
20th November 2020
Moody's has provided a stable outlook for insurance brokers in 2021, positively reflecting developing economic recovery and the industry's resilient business model. Insurance brokers are expected to maintain fairly stable Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margins and debt-to-EBITDA ratios, despite COVID-19 and the resulting economic disruptions of 2020. Moody's ... Read the full article
Hard market conditions in US commercial to continue across 2021: WTW
20th November 2020
A report from re/insurance broker Willis Towers Watson has underlined an expectation for US commercial insurance prices to increase in every line except one throughout 2021. The insurance industry is expected to adapt to the continuing hard market by leveraging analytics and data-driven tools in order to change the way buyers ... Read the full article
Aon & HSCM launch $70mn catastrophic cyber product
19th November 2020
Global insurance and reinsurance broker, Aon, has collaborated with Hudson Structured Capital Management Limited (HSCM) on the launch of a new product designed to protect re/insurers against systemic and catastrophic cyber events. Driven by growing awareness at C-suite level, reputational risk and regulation, alongside an increasing number of cyber attacks, the ... Read the full article
Tysers bolsters Asia and Australasia marine, aviation team
19th November 2020
Independent Lloyd’s broker Tysers has hired a series of Far East reinsurance specialists in an effort to bolster its marine and aviation team in the region. Jane Smart joins from Swiss Re Asia to focus on innovative solutions and Cameron Nicholas will join the firm in January 2021 from Aon Re ... Read the full article
Insurtech Highwing secures $4mn in seed funding
18th November 2020
Denver-based insurtech company Highwing has secured $4million in a seed funding round co-led by BrokerTech Ventures, a specialist platform provider for the broking market. Highwing was founded to provide an open exchange ecosystem for the benefit of the insurance industry value-chain. The company intends to use the $4 million to expand its ... Read the full article