Reinsurance News

Gallagher Re

Lloyd’s & London Market see stable conditions at 1/1: Gallagher Re

6th January 2022

Analysts at Gallagher Re have reported that Lloyd’s and the London Market experienced more stable conditions than were seen last year during the January 1, 2022 renewals, despite being generally quite late to market. In its 1st View report on the critical renewal period, Gallagher Re observed “mixed outcomes” for ... Read the full article

Some European cat rates rose by over 50%: Gallagher

5th January 2022

Analysts at reinsurance broker Gallagher Re have reported that reinsurance pricing increased by over 50% for some European catastrophe business at the January 1 renewals. In its 1st View report on the critical renewal period, Gallagher Re observed “mixed outcomes” for both reinsurers and cedants, as a push for improved ... Read the full article

Reinsurer appetite “undiminished” at 1/1: Gallagher Re’s James Vickers

4th January 2022

James Vickers, Chairman International, Reinsurance, at Gallagher Re, has maintained that reinsurers’ appetite to write what they perceive to be attractive business has proved to be “absolutely undiminished” following the January 1st renewals this year. Gallagher Re’s 1st View report noted that the 1/1 reinsurance renewals concluded with a “wide ... Read the full article

Mixed outcomes for reinsurers at “challenging” Jan 1 renewals: Gallagher Re

4th January 2022

Analysts at Gallagher Re have reported that the January 1 reinsurance renewals concluded with a “wide range of outcomes” as a push for improved pricing resulted in a tense round of negotiations. The broker noted that most reinsurers were determined to seek further price increases at 1/1 after hopes of a ... Read the full article

Gallagher Re set to win TWIA account

7th December 2021

The Actuarial & Underwriting Committee of the Texas Windstorm Insurance Association (TWIA) has voted to recommend that the Association's Board of Directors select Willis Re (now Gallagher Re) for reinsurance broker services. We wrote in November that TWIA was considering changing its reinsurance broker from Guy Carpenter, with the committee ... Read the full article

Gallagher Re feels like a billion dollar startup with a tremendous opportunity: James Kent & Pat Gallagher

1st December 2021

With Arthur J. Gallagher’s (AJG) acquisition of Willis Re’s treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it feels like day one at a billion dollar startup. In the past seven years, Gallagher Re has established itself as the fifth largest ... Read the full article

UK competition authority clears Gallagher acquisition of Willis Re

22nd November 2021

The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article

Gallagher Re hires Aon’s Theo Norris as a dedicated cyber ILS broker

12th November 2021

Global reinsurance broker Gallagher Re has announced the addition of Theo Norris to its cyber reinsurance team as a dedicated cyber insurance-linked securities (ILS) broker, as the company continues to bolster its capabilities in the cyber risk space. In his new role, Norris is tasked with building and leading the development ... Read the full article

Gallagher Re launches next-gen reinsurance analytics platform GAIA

14th September 2021

Global reinsurance broker Gallagher Re has announced the launch of its holistic, next-generation reinsurance analytics platform called Gallagher Automated Insurance Analytics (GAIA), designed to deliver deeper and faster client insights. According to Gallagher Re, GAIA provides clients with a single, scalable analytics ecosystem which incorporates structured data, automated workflows, and on-the-fly ... Read the full article

Tom Wakefield leaves Aon to become CEO of Gallagher Re

7th June 2021

Tom Wakefield, previously of Aon, has been announced as the new Chief Executive Officer (CEO) of Gallagher Re, the reinsurance arm of the global brokerage, subject to regulatory approval. Wakefield takes over as CEO of the reinsurance broker from Simon Behagg, who will transition to the role of Managing Director of ... Read the full article

Re/insurance industry execs support sale of Willis Towers Watson assets: KBW

20th May 2021

Florida and Bermuda insurance and reinsurance industry executives recently expressed "widespread support" for the sale of Willis Re and certain other Willis Towers Watson (WTW) assets to Arthur J. Gallagher (Gallagher), according to analysts at KBW. It was announced last week that Gallagher had agreed a $3.57 billion deal to ... Read the full article

Willis Re’s data & analytics capabilities take Gallagher to ‘another level’, says CEO

13th May 2021

Arthur J. Gallagher's (Gallagher) agreement to acquire the majority of reinsurance broker Willis Re will take the company's data and analytics capabilities to new heights, according to J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer (CEO). Alongside other Willis Towers Watson (WTW) assets, Gallagher is poised to purchase ... Read the full article

Gallagher’s Willis Re acquisition will expand UK, US and international footprint

13th May 2021

Following Arthur J. Gallagher's agreement to acquire the majority of reinsurance brokerage Willis Re, a Gallagher spokesperson has confirmed that the deal will significantly expand the company's footprint in the UK and the US, and provide it with scale operations in certain key markets. It was announced yesterday that Aon ... Read the full article

Will there ever be an oversupply of cyber capacity, asks Gallagher Re white paper

16th April 2021

Gallagher Re's global head of cyber Ian Newman has questioned whether the cyber risk market will ever be short of capital, in a white paper examining the broader implications for the industry. “The principal ingredient required for softening a market is an oversupply of capacity, but cyber has to date not ... Read the full article

Gallagher Re to launch dedicated cyber reinsurance team in Bermuda

12th April 2021

Specialist broker Gallagher Re has announced the formation of a new cyber reinsurance specialism in Bermuda, as the company looks to expand its global cyber practice. The new team will be led by specialist cyber broker Seb Plummer and is aimed at enhancing support for local clients while helping expand cyber ... Read the full article