Reinsurance News
Gallagher Re
Gallagher Re names Kelli Morash EVP in North America
29th July 2022
Global reinsurance broker, Gallagher Re, has appointed veteran Kelli Morash as Executive Vice-President in North America. Morash will be based in Dallas, Texas, where as a senior sales leader, and part of the newly established NA sales vertical, will play a key role in driving new business growth by drawing on ... Read the full article
“Critical concerns” persist for Lloyd’s despite progress: Gallagher Re
12th July 2022
A new report by reinsurance broker Gallagher Re concludes that a number of both internal and external challenges remain “critical concerns” for the Lloyd’s of London market, despite measurable progress last year. The first annual Lloyd’s of London Market Report from Gallagher Re tracked the Lloyd’s market's capital and profitability throughout ... Read the full article
Gallagher Re finds pricing in US Nationwide market up by 40% in spots
7th July 2022
Gallagher Re’s latest mid-year renewals report has found that property rate movements in the US has increased by up to 40%. Pricing in some cases in the Florida market have even increased by up to 50%. In the report, Gallagher Re stated that risk excess and catastrophe capacity started to become ... Read the full article
Stand-alone protection for cyber ‘essentially unobtainable’ at economical terms: Gallagher Re
6th July 2022
According to Gallagher Re’s mid-year renewals report, stand-alone risk protection for cyber is essentially unobtainable at economical terms, however some cyber risk protection is still available via composite casualty treaties. The report also highlights how there is a continued appetite on the proportional side for supporting existing programmes as both cyber ... Read the full article
California Earthquake Authority adds TigerRisk to reinsurance broker panel
6th July 2022
The California Earthquake Authority (CEA), one of the world's largest insurers of residential earthquake cover, has added TigerRisk Partners as an additional reinsurance broker to its panel of providers. Given the size of the CEA's reinsurance needs, around $9 billion, the insurer utilises multiple reinsurance brokers to help it in facing ... Read the full article
Gallagher Re and Africa Re team up to address protection gap in Africa
5th July 2022
Gallagher Re and Africa Re are to team up in an effort the firms say will ‘strengthen the financial resilience of African countries against a broad range of climate, crisis and disaster risks’. Named ‘Accelerating action through scalable risk transfer schemes’, the initiative is offering a robust, replicable, and modular framework ... Read the full article
Inflation a hot topic of discussion for casualty reinsurance placements: Gallagher Re
5th July 2022
According to Gallagher Re’s mid-year renewals report, inflation remained an ever-increasing topic for discussion for casualty reinsurance placements. The report notes that reinsurers were seeking client by client explanations in relation to the management of this risk in reinsurance placements Moreover, with an increased focus on pricing adequacy from reinsurers, the recent ... Read the full article
Gallagher Re appoints Swiss Re’s Christian Kreutzer to Executive Director
4th July 2022
Global reinsurance broker Gallagher Re, has announced that it has appointed Christian Kreutzer to the role of Executive Director, effective immediately. Kreutzer will join the Nordic management team alongside David Egan, Mikkel Nyquist, Mark Cole and Randi Paulsrud and will report to Ditte Deschars, Regional Director and Head of Nordic at ... Read the full article
Gallagher Re finds pricing in Australia market up by 25% in spots
4th July 2022
According to Gallagher Re’s latest mid-year renewals report, property reinsurance rates in some cases in Australia has increased by up to 25%. In their 1st View Report, the broker stated that it was a much later and tougher renewal than normal, with reinsurers seeking additional information on the impact of flood ... Read the full article
Gallagher Re finds pricing in Florida market up by 50% in spots
1st July 2022
Gallagher Re’s latest mid-year renewals report has found that pricing in some cases in the Florida market has increased by up to 50%. The report found that reinsurers had continued in their efforts to de-risk portfolios and manage net PMLs. It also found that some had existed the Florida market completely. ... Read the full article
Economic pressures drive widespread rate increases at 1/7: Gallagher Re’s Vickers
1st July 2022
The pressures of inflation and rising interest rates caused reinsurers to remain cautious at the July renewals, which resulted in much less available capacity for buyers and higher prices across the board. This is according to James Vickers, Chairman International, Reinsurance, at Gallagher Re, who spoke to Reinsurance News about July ... Read the full article
Sellers market persists as attachment levels & costs rise at July renewals: Gallagher Re
1st July 2022
Almost all buyers of protection were able to secure their reinsurance coverage at a July 1st, 2022, renewals shaped by economic factors which helped to sustain market hardening, according to Gallagher Re's 1st View report. After a late and tough June 1st reinsurance renewals, all eyes turned to the later mid-year ... Read the full article
Gallagher Re recruits climate resilience leader from World Bank
27th June 2022
Reinsurance broker Gallagher Re has recruited Antoine Bavandi to lead a newly established Public Sector & Climate Resilience Solutions global practice. As Global Head of Public Sector, Parametric & Climate Resilience Solutions, he will manage the practice as it looks to advise both public and private sector institutions. Bavandi most recently served ... Read the full article
Re/insurers positioned to be “driving force” in climate fight: Gallagher Re
24th June 2022
Analysts at Gallagher Re have argued that the insurance and reinsurance industry is well-placed to act as “the driving force behind societal resilience in the face of growing climate risks.” Writing in a blog for the reinsurance broking firm, Divisional Director for Climate & ESG Marie Ekström and Climate Risk Analyst ... Read the full article
Gallagher Re names Head of Belgium branch
23rd June 2022
Philippe De Longueville is set to join reinsurance broker Gallagher Re’s EMEA West South team as Head of the company’s Belgium branch. Gallagher Re posted a tweeted earlier today confirming the appointment. The tweet said: “Delighted to announce that Philippe De Longueville will join our EMEA West South team as Head of ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
