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 launches Cyber Academy to attract and develop talent
24th June 2024
Global reinsurance broker, Gallagher Re, has launched its flagship Cyber Academy, designed to attract and nurture promising individuals in the cyber space, providing them with comprehensive and bespoke training in broking, analytics, and cyber security. The Gallagher Re Cyber Academy will offer delegates the opportunity to receive best-in-class training while gaining ... Read the full article
Arabian Gulf flooding to hit reinsurance programs as loss figures reach into billions: Gallagher Re
17th June 2024
With torrential rains and deadly flooding impacting many Arabian Gulf countries between April 13-17, Gallagher Re estimates the market loss for United Arab Emirates (UAE) property to be in the range of $1.8 billion to $2.3 billion, while UAE Motor will fall between $350 million and 650 million. Outlining the particulars ... Read the full article
Gallagher Re appoints Aon’s Louise Tyler International COO
10th June 2024
Global reinsurance broker Gallagher Re has announced the appointment of Louise Tyler as International Chief Operating Officer (COO). With over two decades of industry experience, Tayler joins Gallagher Re from Aon, where she most recently served as Strategy and Execution Lead for Global Broking – International. She started her career in the ... Read the full article
Gallagher Re promotes April Engelman to COO of North American region
7th June 2024
Global reinsurance broker Gallagher Re has appointed April Engelman as its Chief Operating Officer (COO) for the North American region, effective immediately. She replaces Mark Hansen, who was recently promoted to Gallagher Re's Chief Operating Officer. Engelman will be based in Minneapolisand will report to Brian Flasinski, who was recently ... Read the full article
SEADRIF selects Gallagher Re as its reinsurance broker and risk advisor
5th June 2024
Global reinsurance broking and advisory firm Gallagher Re has been selected to provide reinsurance broking and risk advisory services to SEADRIF Insurance Company. According to SEADRIF, this appointment includes the placement of reinsurance in international markets and the provision of strategic advisory services for product improvements and business development. Ellen Yong, Chief ... Read the full article
Brian Flasinski becomes CEO, Gallagher Re North America, from June 1 2024
30th May 2024
Reinsurance broker Gallagher Re has announced that Brian Flasinski will take over as Chief Executive Officer (CEO) of the North America region from June 1st, 2024, succeeding Jim Bradshaw. Gallagher Re announced Flasinski's new role back in March, and also revealed that Bradshaw would transition to the role of Chairman, ... Read the full article
Gallagher Re partners with CSU for advanced tropical cyclone research
30th May 2024
Gallagher Re has announced a new partnership with Colorado State University (CSU) to research tropical cyclone activity and trends, aiming to address challenges faced by the insurance and reinsurance industries and beyond. This partnership will also advance efforts in mitigation, adaptation, and resilience. Notably, CSU is the first academic institution to ... Read the full article
Insured losses from May Texas storms to exceed $1bn: Gallagher Re
23rd May 2024
Following the deadly thunderstorms that hit Houston, Texas on May 16th, economic and insured losses are each anticipated to exceed $1 billion, with the potential for total losses to be even higher, according to Gallagher Re. The storms, which killed at least seven people, are said to have generated exceptional wind ... Read the full article
Gallagher Re bolsters Japan operation with new CEO and Chairman
23rd May 2024
Gallagher Re Japan has revealed significant senior leadership changes, naming George Sherriff as the new CEO, while Tsuyoshi “Travis” Noguchi has been appointed Chairman. Currently leading the Global Client proposition across Asia Pacific from Singapore, Sherriff will reportedly continue to provide oversight to this offering after transitioning into the role of ... Read the full article
There is plenty more to come for the Cyber ILS market: Norris, Gallagher Securities
20th May 2024
With Beazley securing an additional $160 million of reinsurance with its second 144A cyber catastrophe bond, PoleStar Re Ltd. (Series 2024-2), as we reported last Friday, Theo Norris, Head of Cyber ILS, Gallagher Securities, has said that there is "plenty more to come for the Cyber ILS market." Gallagher ... Read the full article
InsurTech market sustainability grows as investors spread capital more evenly: Gallagher Re
2nd May 2024
A new report from Gallagher Re has revealed that Q1 2024 global InsurTech funding dropped 17.3% quarter on quarter to $912.3 million, though deal count climbed to 107, indicating that frequency and interest are not waning, but the average check size per deal is decreasing. As per the reinsurance broker's Global ... Read the full article
Gallagher Re appoints Hiscox’s Louise Marling as UK COO
30th April 2024
Louise Marling has been named as the successor to Gina Butterworth and will take over as reinsurance broker Gallagher Re's UK Chief Operating Officer (COO), subject to regulatory approvals. It was announced yesterday that Butterworth has been promoted to Global Transformation Director at Gallagher Re. She will be replaced by Marling, ... Read the full article
Gallagher Re promotes Gina Butterworth to Global Transformation Director
29th April 2024
Reinsurance broker Gallagher Re has announced the promotion of Gina Butterworth to the position of Global Transformation Director. With nearly three decades of experience in the industry, Butterworth is a seasoned senior executive known for her strong leadership and management skills. Her extensive background makes her well-equipped to excel in her ... Read the full article
Loss underestimation a pressing issue, warns Gallagher Re
19th April 2024
Gallagher Re's Q1'24 Natural Catastrophe and Climate Report underscores the critical need for the insurance industry to evaluate unexpected factors that extend event loss behaviour, while also addressing the growing challenge of social inflation. The report identifies event loss underestimation as the most pressing issue, with complexities in loss development varying ... Read the full article
US convective storm activity drives global Q1 insured losses of $20bn: Gallagher Re
17th April 2024
Gallagher Re has estimated that global insured losses from natural catastrophes in Q1 of 2024 were $20 billion, heavily driven by severe convective storm (SCS) activity in the US. According to the global reinsurance broker's Natural Catastrophe & Climate Report, from which all this information was derived, insured losses in Q1 ... Read the full article
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