All reinsurance broker articles – Page 2
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News2023 was a record year for billion-dollar cats and the protection gap got worse – Aon
The protection gap deteriorated to 69% last year, from 58% in 2022, with insurance covering the cost of $118bn of $380bn in economic losses.
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NewsAon names Kielty UK CEO
Jane Kielty has more than 20 years’ experience in risk and insurance, spanning the broker’s commercial risk and retail capabilities.
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NewsGuy Carpenter’s RoL index for property cat up by 5.4% globally at 1/1
At the 1/1 reinsurance renewals, Guy Carpenter’s global rate-on-line index increased by an estimated 5.4% year-on-year.
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NewsSmooth 1/1 helped by reinsurer profits, higher pricing across retro and primary markets
Global reinsurance capital surpassed $635bn at the nine-month point of 2023, according to Aon.
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News1/1 renewal stable, showing stronger supply dynamics – Howden
Reinsurance renewals in January 2024 saw a market adjusting to a period of extraordinary cyclical and structural change, according to Howden’s briefing.
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NewsHowden Tiger appoints Schultz to lead Continental European casualty reinsurance
Wolfram Schultz joins from AXA GIE in Paris, where he was responsible for analysis, strategy, and optimisation of the French insurer’s incoming and outgoing global reinsurance business.
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NewsAon combines EMEA and UK CEO roles under Page
Eduardo Dávila, Aon’s CEO for Europe, Middle East and Africa (EMEA), will depart the firm at the end of 2023, the broking firm announced.
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NewsQ3 surge causes insurtech investment to surpass $1bn – Gallagher Re
Driven by a 25.5% quarter-on-quarter surge in P&C insurtech investment, new funding edged past a billion dollars to $1.1bn during the third quarter of 2023, up 19.8%, according to the latest Global Insurtech Report from Gallagher Re.
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NewsUkraine war risk database in test phase, war risk pool efforts continue – Guy Carpenter
A Ukrainian war risk loss event database, developed by Guy Carpenter and Oliver Wyman with the Ukrainian government, is in its testing phase, Julian Enoizi revealed to GR.
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NewsHard market conditions driving buyer interest in alternative reinsurance – Guy Carpenter in Baden-Baden
The reinsurance broker used its symposium at the start of the Baden Baden meeting to discuss alternative reinsurance structures for meeting capacity needs and the inflow of new capital.
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NewsHowden settles Guy Carpenter lawsuit, regrets “unlawful” poaching
A lawsuit brought by Guy Carpenter against rival broker Howden over recruitment practices has ended in a settlement and a statement of regret from Howden.
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NewsReinsurers’ capital base rise and underlying RoE comfortably exceed cost of capital – Gallagher Re
Rate increases were the main driver of the continued strong premium growth of 8.7% in the first half of this year, according to the reinsurance broker.
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NewsGuy Carpenter appoints Enoizi as CEO of Europe
The former Pool Re CEO takes up his new position at Guy Carpenter, the reinsurance broking arm of Marsh McLennan, effective immediately.
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NewsHowden Tiger provides optimistic interim market snapshot
Reinsurance broker Howden Tiger provided analysis jointly authored by Michelle To, head of business intelligence, and David Flandro, head of industry analysis and strategic advisory.
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NewsBrazilian broker Latin Re gets Lloyd’s broking licence
Founded in 2019, Latin Re becomes the first Brazilian brokerage to secure a Lloyd’s licence.
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NewsGallagher Re: Insurtech funding falls in second quarter
Insurtech is un a secondary phase, focusing on the ‘how’ rather than the ‘what’ says reinsurance broker’s global head of insurtech.
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NewsHowden appoints Agarwal as its India CEO
His predecessor Praveen Vashista steps up to be chairman of Howden’s India business.
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News
Aon Reinsurance Solutions records 9% organic growth
The reinsurance broker’s revenue growth in the second quarter reflected strong increase in treaty, driven by strong retention and continued net new business generation.
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NewsHowden Switzerland acquires specialist aviation broker Hudson Sky
Hudson Sky has established itself as a leading aviation re/insurance broker in the Swiss market, particularly focused on helicopter business.
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NewsStorms are getting stronger – Lockton Re climate study
Reinsurance broker Lockton Re has published a report on climate change and hurricane trends.
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