Reinsurance News
Gallagher Re
Gallagher Re is the reinsurance broking arm of the Gallagher group, providing reinsurance related intermediary services to insurers, reinsurers and clients.
Read all of our Gallagher Re reinsurance news below.
Gallagher Re names new Executive Director, France Benelux Life & Health
14th April 2022
Reinsurance broker Gallagher Re has appointed Arnaud Mézière as Executive Director, France Benelux Life & Health. Mézière joins Gallagher Re from Reinsurance Group of America, where he worked in the French region as a Business Development specialist. Prior to that position, he worked as NEEM Strategy Analyst at BNP Paribas Cardif, and ... Read the full article
Cat bond issue in Q1 2022 continued 2021 boon: Gallagher Re
11th April 2022
Cat bond issue in Q1 2022 was a continuation of the boon year that was 2021, according to Gallagher Re’s latest 1st View. This was, said the firm, seen in both terms of deal count and the total volume of issuance. These numbers reflect the latest data from our insurance-linked securities ... Read the full article
Russia – Ukraine war creates renewed uncertainty for aviation market: Gallagher Re
8th April 2022
As Russia's unprovoked invasion of Ukraine continues, hopes of a global aviation insurance market recovery have faded somewhat, with the 2022 renewals set to present "another complex engagement," according to re/insurance broker Gallagher. After two years of pandemic-related stress and multi-billion dollar industry losses, the start of this year suggested a ... Read the full article
Pricing pressure faded at nuanced Japan renewals: Gallagher Re
8th April 2022
Analysts at Gallagher Re have reported that continued reinsurer pricing pressure faded during the course of the April 1 renewals in Japan, which was characterised by an “orderly” process with nuanced pricing dynamics. For property catastrophe excess of loss business in Japan, Gallagher Re reported that a limited amount of new ... Read the full article
Reinsurance dedicated capital grows 8.4% to $728bn: Gallagher Re
7th April 2022
New data from broker Gallagher Re shows that global reinsurance dedicated capital totalled $728 billion at the end of 2021, representing growth of 8.4% over the previous year. Capital had ended the previous year at $672 billion, according to the latest reinsurance market report by Gallagher Re. Since 2015, total reinsurance dedicated ... Read the full article
Reinsurers’ underlying combined ratio sub-100 for first time since 2014: Gallagher Re
7th April 2022
According to global reinsurance broker Gallagher Re, reinsurers’ weighted average reported combined ratio was 97.6% in 2021, a sharp improvement from the COVID-19-impacted 104.1% for the year prior. On an underlying basis, so excluding prior year development and normalising for natural catastrophe losses, reinsurers' combined ratio improved from 100.7% to 99.8% ... Read the full article
Calm April renewals dominated by an orderly Japanese market: Vickers, Gallagher Re
1st April 2022
Both buyers and sellers of protection managed expectations well at the April 1st, 2022, reinsurance renewals, driven by its heavy focus on the disciplined Japanese market, resulting in a calm 1/4, according to James Vickers, Chairman International, Reinsurance at Gallagher Re. We spoke with Vickers around the launch of reinsurance broker ... Read the full article
Inflation a hot topic at “balanced” April reinsurance renewals: Gallagher Re
1st April 2022
During an "undramatic" and "balanced" April 1st, 2022, reinsurance renewals season, there was widespread discussion about inflation as reinsurers were keen to understand its impact on cedants' portfolios, reports Gallagher Re. The reinsurance broker's latest April 1st View report was released this morning, revealing modest reinsurance rate increases characterised by an ... Read the full article
Pricing must remain favourable to outstrip inflation: Gallagher Re
29th March 2022
Analysts at reinsurance broker Gallagher Re have contended that pricing and terms need to remain favourable in order for re/insurers to maintain or grow margins in 2022 and 2023. Reflecting on recent conference calls, the broker noted that inflation remains one of the most widely discussed themes among senior executives. Last year, ... Read the full article
Gallagher Re partners with BitSight to deliver cyber-modelling insights
28th February 2022
Global reinsurance broker Gallagher Re and BitSight have collaborated to integrate BitSight cybersecurity data with Gallagher Re’s reinsurance insights and analytics. The partnership will provide reinsurance clients with a holistic view of security performance and supply chain aggregation within their portfolios, giving them a comprehensive and differentiated understanding of cyber risk ... Read the full article
Gallagher Re reshuffles Australia team with senior appointments
25th February 2022
Global reinsurance broker Gallagher Re has made changes within its Australia operations with a raft of new hires led by the appointment of a new Chief Executive Officer (CEO). Heather Bone has been appointed as CEO from March, where she will lead the company’s operations in the country, working closely with ... Read the full article
Gallagher Re names new executive vice president in North America
24th February 2022
Gallagher Re has hired Megan McConnell to be its new executive vice president in North America. McConnell will begin her new role in Boulder, Colorado at the beginning of March. She will be joining from Hiscox, where she was CUO. Jim Bradshaw, CEO of North America, Gallagher Re, said: “We are ... Read the full article
Cyber reinsurance premium to exceed property cat in decade beyond 2030: Gallagher Re
22nd February 2022
Analysis by global reinsurance broker, Gallagher Re, finds that by 2040 the cyber market will become comparable in size to either property or casualty as the segment experiences a second wave of growth from 2023. Gallagher Re's cyber reinsurance team has published a new white paper, CY-FI: the Future of Cyber ... Read the full article
Gallagher Re opens new Montreal branch
17th February 2022
Global reinsurance broker Gallagher Re has opened a new branch in Montreal, Quebec, which will be led by recently appointed Executive Vice President, Isabelle LaPalme. LePalme brings over 25 years of experience within the Canadian insurance industry, holding positions within consulting, pricing and reserve actuary. She is well known within the Quebec ... Read the full article
Gallagher Re reveals major catastrophe losses topped $116bn in 2021
3rd February 2022
Gallagher Re has revealed that insured losses from major catastrophes in 2021 have so far reached $116bn, which the broker said was the third largest in ten years. The figure was also reported by the reinsurance broker to be 63% higher than the average annual loss since 2011. Like the peak ... Read the full article
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