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.
UAE floods drive challenging and late mid-year renewals in the Middle East: Gallagher Re
4th July 2024
While most property reinsurance placements were completed either early or on time, renewals in the Middle East were challenging and late, says reinsurance broker Gallagher Re. According to Gallagher Re's recent mid-year renewals report, this was mainly due to uncertainty around loss estimates for the recent floods in the United Arab ... Read the full article
Reinsurers maintain healthy appetite & stable capacity for US Casualty at July 1: Gallagher Re
3rd July 2024
A new report from Gallagher Re has observed that reinsurers overall maintained a healthy appetite and stable capacity for US Casualty lines at the July 1 renewals. Commenting on the US general third party liability segment of the casualty insurance space, Gallagher Re noted that loss trends remain elevated, and as ... Read the full article
Gallagher Re finds Florida risk-adjusted rates flat to down 10% at mid-year renewals
1st July 2024
As per Gallagher Re's latest mid-year renewals report, market softening in Florida levelled off and firmed as capacity became less abundant closer to June 1, ultimately leaving risk-adjusted rates on most programs either flat or down by as much as 10%. The report found that programs which were completed in early ... Read the full article
Reinsurance market now balanced, sellers holding the line on retentions: Vickers, Gallagher Re
1st July 2024
The reinsurance market was fairly stable heading into the July 1st, 2024, renewals, and is now more balanced than it was a year ago, although reinsurers are holding the line on retentions, according to James Vickers, Chairman, Gallagher Re International. Reinsurance News spoke with Vickers around the launch of reinsurance broker ... Read the full article
Reinsurers’ ‘risk on’ approach benefits property cat buyers in 2024: Gallagher Re
1st July 2024
As per a new report from Gallagher Re, buyers of property catastrophe reinsurance have been able to negotiate better terms and conditions on their contracts in 2024 due to the "risk on" approach taken by reinsurers. The reinsurance broker explained that this has resulted in improved pricing, with risk-adjusted catastrophe placements ... Read the full article
Gallagher Re appoints Richard Rudden as Head of Green Solutions
28th June 2024
Reinsurance broker Gallagher Re has announced the appointment of Richard Rudden to the newly created role of Head of Green Solutions. This position aims to develop insurance and reinsurance solutions to support clients in their energy transition efforts. Reporting directly to Nick Croxford, Head of Marine, Energy & Aviation at Gallagher Re, ... Read the full article
2024 already a top-4 year for US SCS insured losses: Bowen, Gallagher Re
27th June 2024
2024 has already ranked among the top four costliest years on record for insurance industry losses due to severe convective storms in the US, with insured losses from the peril already exceeding $31 billion, according to Steve Bowen, Chief Science Officer at reinsurance broker Gallagher Re. In a recent LinkedIn post, ... Read the full article
Gallagher Re expects low-teens organic growth in Q2 amid sustained reinsurer discipline
26th June 2024
Speaking with analysts at KBW, Gallagher President, Thomas J. Gallagher, has anticipated low-teens reinsurance organic growth in Q2 of 2024, including sustained reinsurer discipline with property pricing slightly down but with rising aggregate demand heading into a potentially active hurricane season. In discussions between analysts at KBW and Gallagher executives at ... Read the full article
This time the hard reinsurance market really is different: Shea, Gallagher Re
26th June 2024
In hard reinsurance markets of the past, a key feature has been an influx of capital from new entrants, but there's been a notable lack of start-ups during the current period of reinsurance market tightening, and there are some good reasons why this time really is different, according to Brian ... Read the full article
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
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