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.
WTW to sell TRANZACT to GTCR & Recognize in $632.4m transaction
1st October 2024
WTW, the global insurance broker, has entered into a definitive agreement to sell its TRANZACT direct-to-consumer insurance distribution business to GTCR, a private equity firm, and Recognize, a technology services investment platform, for $632.4 million, subject to certain adjustments. According to the announcement, the sale is expected to close by the ... Read the full article
Amwins takes 8-person Equinox reinsurance broker team & accounts from Price Forbes Re
9th September 2024
Insurance origination and distribution specialist Amwins is expanding its reinsurance broking capabilities, with the latest being the move of part of the Equinox Re team from Price Forbes Re to the company, including Nick Foden-Pattinson and Jeremy Brasier, along with their accounts, Reinsurance News can reveal. In total, 8 brokers are ... Read the full article
Ranked by 2023 revenue, Aon is still the world’s largest reinsurance broker
8th September 2024
Based on fully-year 2023 revenues, Aon Reinsurance Solutions, the reinsurance broking arm of the global intermediary, remains the world's top reinsurance broker, although Guy Carpenter, the reinsurance arm of Marsh McLennan, has narrowed the gap at the top. Our ranking of the top global reinsurance brokers in ... Read the full article
Acrisure Re signs preferred partnership broker agreement with Specialty Re
8th July 2024
Acrisure Re, the re/insurance division of fintech company Acrisure, has announced that its facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers (Specialty Re), for facultative Stock Throughput and Property business, effective immediately. Headquartered in Panama City and led by Luis Medina, Specialty Re boasts more than 11 ... Read the full article
WTW adds new features to global cyber facility to keep ahead of market trends
8th May 2024
Global insurance and reinsurance broker WTW has unveiled strategic enhancements to its global cyber facility, CyXS facility. The broker launched CyXS in January 2023, aiming to provide capacity and efficiency for clients around the world. Now, WTW has introduced new features for the cyber facility, designed to meet the needs of ... Read the full article
Maksure Risk Solutions becomes a Lloyd’s registered broker
23rd April 2024
The specialist Lloyd’s insurance and reinsurance marketplace has granted Maksure Risk Solutions, an Afro-Global independent specialist re/insurance broker, Broker Status. As a Lloyd’s broker, Maksure now has direct access to a unique pool of underwriting expertise and capacity in the Lloyd's global marketplace. Commenting on the approval, Simba Makwembere; Managing Director at ... Read the full article
Reinsurance market stable as signs point to better conditions for cedents at June 1: Doyle, MMC
18th April 2024
John Doyle, President and CEO of broking group Marsh McLennan (MMC), said earlier today that reinsurance market conditions remain stable, and that early signs suggest a better environment for cedents at the June 1 Florida catastrophe risk renewals. Speaking during the MMC first quarter 2024 earnings call, Doyle and Dean Klisura, ... Read the full article
Policybazaar Insurance Brokers gets approval to enter Indian reinsurance market
20th February 2024
PB Fintech’s wholly-owned subsidiary, Policybazaar Insurance Brokers, has been granted In-Principle approval to upgrade its license from Direct Insurance Broker (Life & General) to Composite Insurance Broker by the Insurance Regulatory and Development Authority of India (IRDAI) on February 16th, 2024, according to a stock exchange filing done by the ... Read the full article
BMS Re announces new co-CEOs as Pete Chandler transitions to vice-chair
31st January 2024
Global reinsurance broker BMS Re has appointed Andrew Wheeler and Russ McGuire as co-Chief Executive Officers (CEOs) following the transition of Pete Chandler to vice-chair of the company. Chandler led the reinsurance broker for more than four years, and will remain a director on the US board as he assumes a ... Read the full article
Reinsurance broker platform Jireh Connect announces first ILW placement
30th January 2024
Jireh Connect, a digital platform for reinsurance brokers to manage placement processes online and part of Jireh Holdings, has announced the successful placement of its first industry loss warranty (ILW). Set up by insurance-linked securities (ILS) veteran Salvatore Tucci in Bermuda, Jireh Connect soft launched at the start of 2024. Since ... Read the full article
Jan 1 reinsurance renewals positive and balanced: Klisura, Guy Carpenter CEO
25th January 2024
Overall, capacity was adequate for the completion of most programmes at the January 1st, 2024, reinsurance renewals, and with dedicated reinsurance capital growth in the double-digits, it was a positive renewal, according to Dean Klisura, President and Chief Executive Officer (CEO) of Guy Carpenter. Following the release of insurance and ... Read the full article
Insured nat cat losses hit $123bn in record-setting 2023: Gallagher Re
17th January 2024
The global economic cost of natural catastrophe events reached an estimated $357 billion in 2023, of which approximately 34%, or $123 billion was covered by re/insurance, as broker Gallagher Re reports an annual record of 34 individual billion-dollar insured loss events in the year. The reinsurance broker's 2023 Natural Catastrophe and ... Read the full article
Re/insurance growth in India is inevitable: Rohit Boda, J.B. Boda Group
16th January 2024
Global Indian broker J.B. Boda Group is confident of insurance and reinsurance market growth opportunities in the country as it looks to be the bridge between counterparties in an expanding marketplace, according to Managing Director, Rohit Boda. “Re/insurance growth in India is inevitable. The country has high economic growth, and it ... Read the full article
LIIBA unveils ambitious 2024 plans focused on politics, AI, and face-to-face trading
12th January 2024
The London and International Insurance Brokers' Association (LIIBA) has released its 2024 plans, outlining strategic priorities that include navigating the political landscape, harnessing artificial intelligence (AI) impacts on trading systems, and furthering the #BackToEC3 campaign for a return to face-to-face trading. A major highlight of the agenda is LIIBA's commitment to ... Read the full article
Global property cat reinsurance RoL index up 5.4% at 1.1 2024: Guy Carpenter
9th January 2024
Reinsurance broker Guy Carpenter has reported that at the January 1st, 2024, reinsurance renewal, its Global Property Catastrophe Rate on Line Index (ROL) increased by 5.4% when compared with the prior year. Although this 5.4% increase is a steep decline from the 27.2% rise seen at the Jan 1st, 2023 renewals ... Read the full article
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