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.
Reinsurers are clear about their own retro structures and capacity: Gallagher Re’s Vickers
3rd April 2024
Reflecting on the April 1 reinsurance renewals, James Vickers, Gallagher Re's Chairman of International, says that reinsurers were looking "to grow their portfolios and therefore were relatively accommodating within the confines of their own underwriting discipline." Speaking to Reinsurance News alongside the release of Gallagher Re's 1st View Report, Vickers ... Read the full article
Increased demand, more capacity available at April 1 reinsurance renewals: Gallagher Re
2nd April 2024
Reinsurers continued to take on more property catastrophe risk at the April 1st, 2024, reinsurance renewals, which led to an increase in available capacity to meet growing demand in an overall more stable environment, according to Gallagher Re. Reinsurance broker Gallagher Re's latest 1st View renewal report, which covers the Japan-focused ... Read the full article
Gallagher Re names Flasinski CEO of NA region, Bradshaw assumes Chairman role
18th March 2024
Reinsurance broker Gallagher Re has appointed Brian Flasinski as Chief Executive Officer of the North American region, succeeding Jim Bradshaw who is set to assume the role of Chairman, Gallagher Re North America. According to the firm, both appointments will become effective after a transition period later this year. Flasinski joined Gallagher ... Read the full article
Gallagher Re appoints Head of Asia Pacific Cyber
18th March 2024
Reinsurance broker Gallagher Re has announced the appointment of Sie Liang Lau as Head of Asia Pacific Cyber, a Singapore-based role. Lau is a UK qualified Actuary with over two decades of experience in the re/insurance industry. He joined Gallagher Re in May 2023 as Head of Analytics, Rest of Asia. Previously, ... Read the full article
Gallagher Re names André Gerling Head of Region for DACH
6th March 2024
Reinsurance broker Gallagher Re has announced the promotion of André Gerling to Head of Region for DACH, Netherlands and Central and Eastern Europe. He will take up this new position in June 1, 2024, when the current DACH leader, Hamish Dowlen, formally moves into the role of Managing Director of ... Read the full article
Increase in downgrades reveal challenges for US P&C re/insurers: Gallagher Re
1st March 2024
As per Gallagher Re’s analysis of rating actions by AM Best, the number of downgrades of US P&C re/insurers jumped significantly in the eight months to the end of August 2023 compared with the calendar year 2022. Negative rating actions reportedly outnumbered positive actions in the period, with Gallagher Re noting ... Read the full article
Gallagher Re appoints Wei Hou as new Head of Life and Health, UK&I
23rd February 2024
Gallagher Re, a reinsurance broker, has recently announced the appointment of Wei Hou to the position of Head of Life and Health, UK and Ireland (UK&I). In this role, he will be responsible for developing Life & Health solutions for the UK and Irish markets. Prior to joining Gallagher Re, Hou served ... Read the full article
Gallagher Re expects more cyber cat bonds in 2024
21st February 2024
Gallagher Re, a reinsurance broker, anticipates a surge in investments in cyber catastrophe bonds in 2024, following the successful launch of PoleStar Re Ltd. (Series 2024-1) in December 2023. PoleStar Re was the first full 144A cyber catastrophe bond for specialty re/insurer Beazley. Gallagher Securities’ served as the sole structuring ... Read the full article
AI’s potential impact on the re/insurance industry: Gallagher Re
15th February 2024
Gallagher Re, a reinsurance broker, highlights AI as a major focus of the InsurTech narrative in 2023, marking a turning point where AI gained serious traction in the re/insurance industry. According to data from Google, there has been exponential growth in AI interest across all industries since early 2023, peaking later ... Read the full article
Gallagher Re makes key leadership changes in EMEA region
6th February 2024
Gallagher Re has appointed Hamish Dowlen as Managing Director of Europe, the Middle East and Africa (EMEA), effective 1 June 2024, while Ditte Deschars will be moving into the Chairperson role for EMEA, in addition to her leadership of the Nordic region. Gallagher explained that for the past five years, Dowlen ... Read the full article
Gallagher Re names Dirk Spenner CEO International as Tony Melia retires
31st January 2024
Reinsurance broker Gallagher Re has announced the appointment of Dirk Spenner as Chief Executive Officer, International, effective 1st June 2024. With over three decades of industry experience, Spenner will take over the role from Tony Melia, who is retiring after a career of over 40 years. Spenner joined Willis Re in 1996 ... Read the full article
Insured nat cat losses hit $123bn in record-setting 2023: Gallagher Re
17th January 2024
The global economic cost of natural catastrophe events reached an estimated $357 billion in 2023, of which approximately 34%, or $123 billion was covered by re/insurance, as broker Gallagher Re reports an annual record of 34 individual billion-dollar insured loss events in the year. The reinsurance broker's 2023 Natural Catastrophe and ... Read the full article
Swiss Re purchases cyber market’s first retrocession ILW, brokered by Gallagher Re
16th January 2024
Global reinsurance firm Swiss Re has purchased the market’s first cyber retrocession industry loss warranty (ILW), securing $50 million of catastrophic US cyber insurance event protection. Cover also includes protection against widespread malicious ransomware or malware, prolonged catastrophic cloud outage and systemic data breach. Nick Meuli, Head of P&C Capacity Management at ... Read the full article
Gallagher Re promotes Busson to Head of L&H EMEA
12th January 2024
Reinsurance broker Gallagher Re has promoted Etienne Busson to the role of Head of Life & Health, EMEA, from his previous position as Deputy Head of the business. Busson has been with Gallagher Re since December 2018 when he joined from reinsurance broker Guy Carpenter, where he spent almost six years ... Read the full article
Gallagher Re adds Virgil Antonio de Souza to LatAm & Caribbean team
11th January 2024
Virgil Antonio de Souza joins the reinsurance broker from Brazil's IRB (Re), and assumes responsibility for leading Gallagher Re's Surety and Credit practice across Latin America and the Caribbean. He is set to join Gallagher Re's Latin America and Caribbean team in early 2024 and will be based in Brazil. Virgil Antonio ... Read the full article
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