Marsoner is joining Gallagher Re from Marsh, where she most recently served as Assistant Vice President – International Casualty Brokers

During her time at Marsh she gathered extensive experience managing General Liability and Life Sciences placements, with a particular focus on the Middle East and Asia.

She also brings strong experience in Environmental Impairment Liability (EIL), as she has also worked across both the underwriting and broking sides of the business.

Marsoner’s appointment underscores the firm’s commitment to deepening its technical expertise within the increasingly complex Asia-Pacific casualty landscape.

Gallagher Re has also recently strengthened its facultative team in North America with the appointment of Steven Housse.

As Facultative Reinsurance Leader for North America, Housse will lead the company’s facultative strategy across both North America and Canada, focusing on individual risks and facultative facilities across property & casualty and specialty lines.

The post Fabienne Marsoner joins Gallagher Re as Broker, APAC Casualty FAC appeared first on ReinsuranceNe.ws.

According to the firm, the latest SCS outbreak impacted the central and eastern United States and was accompanied by historic late-season snowfall across the Northern Plains and Midwest.

As mentioned, Gallagher Re expects insured losses from the event to settle at a minimum of around $1 billion, with the potential to rise even higher, while the overall direct economic cost will be at least 25% greater once uninsured or underinsured assets and other losses are included.

“After a highly manageable and quiet start to the year for US SCS activity and subsequent losses, as the calendar turned to March, it initiated considerable storm genesis. There have now been notable outbreaks on March 4, March 5–7, and March 10–12,” the reinsurance broker’s report added.

Gallagher Re explained that this year is not unique in experiencing a highly active March, as the month has consistently featured widespread damaging activity since 2023.

The firm’s report went on to note that last year, the Mid-March Tornado Outbreak became the costliest event of the season with insured losses reaching $8.5 billion in today’s dollars. March 2025 also set a record for the most tornadoes in March, with at least 239.

Gallagher Re continued, “March is known as the historical start to “peak” SCS season in the United States. The peak months for overall SCS activity and observed losses are March, April, May, and June.

“Since 2010, those four months have accounted for at least 72% ($390 billion) of US SCS insured losses. On an annual basis, the US has now seen three consecutive years of minimal $50 billion in SCS-related insured losses.”

In related news, Swiss Re recently disclosed that although global insured losses in 2025, at $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including wildfires, SCS and floods, accounted for a record 92% of the total.

The post US SCS losses accelerate as second $1bn event emerges in same week: Gallagher Re appeared first on ReinsuranceNe.ws.

In his new role, Tsimaratos will focus on deepening senior client relationships across international markets, matching reinsurance solutions to clients’ evolving needs across Gallagher Re’s International network.

Prior to his promotion, the executive was Managing Director for Gallagher Re International Products & Practices. Before that, he served as Managing Director- Head of EMEA WS.

Tsimaratos also spent almost 17 years at Willis Re, where he held a number of different positions, as well as eight years at AXA Re.

Ntelekos, in addition to his new position, will maintain his regional leadership for Turkey and Greece, while also overseeing and supporting the company’s Products and Practices platform across the network.

Ntelekos has been part of Gallagher Re since 2022, having joined the company’s Head of Public-Private Solutions, EMEA.

Prior to Gallagher, the executive spent 11 years at the Bank of England, and was part of Willis Re for two years before that.

The post Gallagher Re promotes Tsimaratos and Ntelekos appeared first on ReinsuranceNe.ws.

The March 10-12 SCS outbreak hit more than a dozen states across central and eastern parts of the US, bringing violent and damaging tornadoes, potentially record-setting hail, and straight-line wind damage.

“This week’s outbreak brought widespread impacts across several central and eastern US states. While deadly tornadoes have driven most media coverage, we again witnessed considerable (and record-breaking) hail in many communities that drive widespread damage. Parts of the major metro areas of Chicago (IL), Kansas City (MO), and Oklahoma City (OK) were affected by baseball-sized hail – or larger,” said Steve Bowen, Chief Science Officer at Gallagher Re.

According to Gallagher Re, the outbreak is likely to become the most impactful and expensive US SCS event so far in 2026, as SCS-related damage costs with aggregated insured losses from January and February events landed below $1 billion.

March is known as the start of the peak SCS season in the US. “The peak months for overall SCS activity and observed losses are March, April, May, and June. Since 2010, those four months have accounted for at least 72% (USD390 billion) of US SCS insured losses. On an annual basis, the US has now seen three consecutive years of minimal USD50 billion in SCS-related insured losses,” explains Gallagher Re.

In fact, on an annual basis, Gallagher Re finds that, at $542 billion, SCS has now far surpassed the tropical cyclone peril ($367 billion) on an aggregate basis as the costliest for insurers since 2010.

The global rise in SCS losses was discussed recently by re/insurance broker Aon, who also warns that the March outbreak in the US could drive insured losses in the low billions of dollars.

“Total economic and insured losses over the past week may reach the low to mid-single digit billions USD,” said Aon on the SCS outbreak in its March 13 Weekly Cat Report.

The post Insured losses from March 10-12 US SCS outbreak to land in the billions of dollars: Gallagher Re appeared first on ReinsuranceNe.ws.

In his new role, Housse will lead the company’s facultative strategy across North America and Canada, focusing on individual risks and facultative facilities across property & casualty and specialty lines.

He brings more than two decades of experience in the London and US markets, with a strong track record in facultative placements, client engagement, and market development.

Housse joins Gallagher Re from BMS Group, where he served as Managing Director and Facultative Practice Lead. Prior to that, he was Managing Director and Head of US Property Facultative at Guy Carpenter.

Earlier in his career, he held property broker roles at Marsh, Decus Insurance Brokers Limited, and Miller Insurance Services LLP.

Pablo Muñoz, Global CEO of Facultative at Gallagher Re, commented, “We are very pleased to welcome Steve to Gallagher Re, and look forward to the leadership, insight, and energy he will bring to our North American facultative operations.”

The post Gallagher Re appoints Steven Housse as Facultative Reinsurance Leader, NA appeared first on ReinsuranceNe.ws.

Stankard brings over 16 years of experience in financial and professional lines re/insurance.

He began his career as an Assistant Professional Indemnity Underwriter at Towergate Underwriting Financial Risks, then joined HCC International as a Professional Indemnity Underwriter, a specialty insurer with offices in the UK, Spain, and Ireland.

Most recently, Stankard served as Associate Director – Broking at Willis Towers Watson, managing a FinPro and Cyber facultative reinsurance portfolio.

With substantial expertise in FinPro and Cyber, Stankard has developed solutions for a wide range of complex reinsurance placements, providing clients with tailored support.

The post Gallagher Re appoints new broker for UK Casualty Fac appeared first on ReinsuranceNe.ws.

According to the global reinsurance broking and advisory firm’s new white paper, “Cyber and Property Combined Covers: Buying the Tail More Efficiently,” the cyber insurance market has doubled in size globally, with gross written premiums rising from $8 billion in 2020 to $16 billion today.

This rapid expansion is driving growing demand from insurers seeking more efficient ways to protect against extreme cyber tail events.

Gallagher Re noted, “We have long identified cyber risk as a potential driver of volatility for re/insurers, and hence of their capital levels.”

The firm added, “In other words, if there were a large-scale cyber catastrophe, it could impact re/insurance balance sheets in a similar way as an unexpectedly severe natural disaster — albeit the quantum of losses would likely be much smaller.”

Insurers are reportedly well aware of these risks, and Gallagher Re expects demand for cyber excess of loss (XL) tail protection to grow materially in the coming years.

As evidence of this trend, the firm’s white paper highlighted a recent market milestone, stating, “As an illustration, at the 1.1.26 renewal we saw — for the first time — the purchase of a $1bn Cyber XL tower.”

The white paper raised a strategic question for the market whether cyber tail protection should continue to be purchased as a standalone solution or integrated with other tail covers within combined reinsurance structures.

Gallagher Re added, “The reinsurance market has been willing and able to provide cyber XL coverage, particularly in an environment of excess capacity. We have seen significant growth in the amount of limit available, while at the same time prices have continued to fall.”

“Nevertheless, for tail risks, reinsurers continue to charge a disproportionately high multiple of expected losses (EL), and minimum rates-on-line remain stubborn in the standalone cyber market to allow for the inherent tail uncertainty.”

“As brokers, we have been keen to find ways that our clients can buy cyber tail risk protection more efficiently by combining it with uncorrelated risks. We have developed a structure that combines cyber with property cat in a shared-limit XL layer, which can secure capacity at a meaningfully lower rate-on-line than could be achieved by buying either on a standalone basis.”

According to Gallagher Re, its analysis shows that combining cyber tail risk with property catastrophe risk in shared-limit structures can result in materially lower pricing.

This is achieved through reduced capital requirements, diversification benefits, and lower risk loads.

The firm also highlighted the growing role of insurance-linked securities (ILS) and cyber catastrophe bond markets in diversifying the capital base and supporting rising demand for cyber tail protection.

Ian Newman, Global Head of Cyber at Gallagher Re, commented: “As the cyber insurance market continues to grow, insurers are facing increasing challenges in managing their exposure to extreme tail risks.”

He added, “By leveraging diversification benefits and exploring opportunities in the ILS market, we can help our clients navigate this evolving landscape and build resilience for the future.”

The post Property-cyber blended structures emerge as solution to costly tail risk: Gallagher Re appeared first on ReinsuranceNe.ws.

Driven by the Financial Services Authority, the new framework became effective on February 19, 2026, following a one-month grace period for insurance companies to align their operations.

The scheme introduces automatic protection for policyholders against natural disasters and climate event losses under third-party motor policies.

It has been designed to improve customer protection, clarify compensation mechanisms, introduce defined claims timelines and support long-term market sustainability through a structured and balanced risk-sharing approach.

“The scheme has been shaped through extensive technical work, actuarial analysis and market consultation to ensure it is operationally sound, transparent and aligned with international best practice,” Chems-Eddine Kassali, Regional Director, Middle East and Africa (ex South Africa), explained.

Adding: “Gallagher Re is proud to have supported the development of this landmark initiative alongside Oman Re and key market stakeholders. Our role included contributing to the technical design of the scheme, facilitating catastrophe modelling and pricing discussions, supporting risk-sharing and reinsurance structuring, and engaging with international markets to help ensure long-term sustainability and alignment with global standards.”

The launch of this framework reflects Oman’s proactive regulatory approach and its commitment to establishing a strong protection system for individuals, businesses and the broader economy in the face of growing climate risks.

Kassali stated: “This milestone demonstrates the value of strong collaboration between regulators, insurers, reinsurers and advisors in delivering meaningful, system-wide solutions. It also highlights how well-designed public-private partnerships can enhance protection for policyholders while maintaining market stability and confidence.

“We believe that this initiative provides a strong template for other markets across the Gulf region and beyond as they look to address evolving climate and catastrophe risks through scalable, sustainable insurance solutions. Gallagher Re remains committed to supporting governments, regulators and (re)insurance industry partners in developing similar frameworks and strengthening resilience through innovative risk transfer and reinsurance structures.”

He concluded: “We congratulate all stakeholders involved in bringing this pioneering scheme to life and look forward to continuing our collaboration in advancing resilient insurance ecosystems across the Gulf region.”

The post Oman Re and Gallagher Re support new mandatory nat cat cover for motor insurance appeared first on ReinsuranceNe.ws.

Perera has over 25 years of industry experience across the APAC region. Most recently, he served as the leader of Gallagher Re’s APAC Strategic Solutions team. In this role, Perera worked closely with the broker’s wider leadership team to develop and implement the regional sales framework.

Meanwhile, Jones has almost four decades of reinsurance broking experience and most recently served as Chairman of South East Asia, Taiwan and Korea of Gallagher Re.

Before that, Jones was the Chief Executive Officer (CEO) of Reinsurance Asia for Aon. He has worked closely with Perera to execute Gallagher Re’s growth strategy in APAC.

Dirk Spenner, International CEO, Gallagher Re, commented, “Roshan’s strategic vision and commitment to collaborative leadership, coupled with Richard’s deep industry experience and insight, make them an excellent fit for these roles.”

With these appointments, Mark O’Brien, the former Head of APAC, will be leaving Gallagher Re to pursue new challenges outside of broking.

Meanwhile, Mark Morley, the former Chairman of APAC and Deputy Chairman of International, is scheduled to retire.

Spenner added, “Both Mark Morley and Mark O’Brien have been instrumental in cultivating a culture of collaboration and shared purpose, driving the region’s success and enhancing our capabilities.

“They have established a clear, client-centric strategy and fostered a robust sales culture, creating a solid foundation for future growth. We thank them for all of their hard work, and wish them the best for their future endeavours.”

The post Gallagher Re appoints Roshan Perera as Head of APAC, Richard Jones as Chairman appeared first on ReinsuranceNe.ws.

Ingram brings more than 25 years of reinsurance industry experience, spanning reinsurance accounting, US and international facultative property underwriting, and facultative property reinsurance broking.

He has a strong track record of managing cross-functional teams and supporting marketing, broking and underwriting objectives.

He joins Gallagher Re from McGill and Partners, where he most recently served as Partner – Facultative Reinsurance.

Prior to that, he spent 18 years at Everest Reinsurance, most recently serving as Senior Underwriter, Domestic Facultative Property, working closely with colleagues to meet underwriting requirements, develop tailored solutions and meet deadlines.

Earlier in his career, he served as a Reinsurance Accounting Analyst at Selective Insurance and Everest Reinsurance.

The post Gallagher Re appoints Kevin Ingram as VP, USA Property Fac appeared first on ReinsuranceNe.ws.