Reinsurance News
Gallagher Re
Expectations “much better managed” at July renewals: Gallagher Re’s Vickers
3rd July 2023
Gallagher Re's James Vickers, Chairman International, has asserted that the July renewals were “much better managed” and “stable”, as the pricing and structural market dynamics that defined 1.1 continued, with mid-year placements catching up and aligning with prevailing market undercurrents. Speaking to Reinsurance News alongside the release of Gallagher Re’s ... Read the full article
Continued pricing and structural dynamics at July reinsurance renewals: Gallagher Re
3rd July 2023
Gallagher Re, the global reinsurance broker, has released its latest 1st View renewals report, highlighting the trends and dynamics at the July 1 reinsurance renewals, which indicates a continuation of pricing and structural dynamics similar to those observed during the January 1 and April 1 renewal periods. Despite significant year-on-year increases, ... Read the full article
US Severe Convective Storm insured losses $25bn+ YTD: Gallagher Re
23rd June 2023
Steve Bowen, Chief Science Officer at reinsurance broker Gallagher Re, has suggested the total cost to the insurance industry from outbreaks of Severe Convective Storms (SCS) has likely surpassed $25 billion year-to-date. Earlier this year, Gallagher Re released a report noting that Q1 saw more than $10 billion of convective ... Read the full article
Consistently high ROEs needed to attract fresh reinsurance capital: Lot, Swiss Re
16th June 2023
A positive track record of a high return on equity (ROE) is needed to attract fresh capital to the reinsurance industry, despite the substantially higher pricing seen throughout the year, according to Gianfranco Lot, Chief Underwriting Officer (CUO) of P&C Re at global reinsurance giant Swiss Re. Pricing in the reinsurance ... Read the full article
Gallagher Re welcomes Mathilde Le Merle as Executive Director
9th June 2023
Global reinsurance broker Gallagher Re has announced the appointment of two new Executive Directors, Mathilde Le Merle and Juan Manuel Fernandez Romo. Based in Paris, France, Le Merle joins the company with more than 20 years’ legal experience in the reinsurance and the broking industry, both in direct insurance and reinsurance. She ... Read the full article
California wildfires reshape re/insurance industry strategies and dynamics: Gallagher Re
9th June 2023
The devastating wildfires that have plagued California in recent years have become a focal point for insurers and reinsurers, forcing them to reassess their approaches to underwriting and pricing, according to Gallagher Re - 2023 US Wildfire State of the Market report. The size and frequency of these destructive events, coupled ... Read the full article
Swiss Re’s Daniel Knüsli joins Gallagher Re S&FA team
8th June 2023
Global reinsurance broker Gallagher Re has added Daniel Knüsli to its Strategic & Financial Advisory (S&FA) team. He will be based in Zurich but will have a global role, according to the announcement. Knüsli will split his time between London and other international insurance hubs as needed by clients. Bringing more than ... Read the full article
Gallagher Re’s Tsimaratos takes on Products & Practices, Spenner to lead EMEA
6th June 2023
Gallagher Re has announced changes in two leadership positions within its International division as part of the reinsurance broking group's overall evolution and positioning for growth. As of this month, Alkis Tsimaratos, who remains as Managing Director, is taking up a newly created role as leader of Gallagher Re’s Products and ... Read the full article
Gallagher Re Brazil appoints new CEO, Treaty Operations
2nd June 2023
Global reinsurance broker Gallagher Re has announced the appointment of Daniel Veiga as CEO of Gallagher Re Brazil, Treaty Operation, effective immediately. Veiga will be based in Rio de Janeiro and work closely connected to São Paulo. Veiga’s appointment is part of Gallagher Re Brazil’s growth plans and strategic investment in ... Read the full article
Gallagher Re names Linda Johnson as Vice Chairperson for North America
1st June 2023
Global reinsurance broker Gallagher Re appointed Linda Johnson as Vice Chairperson for its North American team, effective immediately. In her new role, Johnson will be responsible for generating new business opportunities for large casualty and structured reinsurance solutions across North America, with a particular focus on the regions of New York ... Read the full article
Gallagher Re names new CEO for China & Hong Kong, and Head of Beijing
31st May 2023
Reinsurance broker Gallagher Re has made senior appointments in China, with a new CEO for the Mainland China and Hong Kong business, as it hired Jia Lou from rival Guy Carpenter to take on the role. Jia Lou is a well-known figure in the China insurance and reinsurance marketplace, and has ... Read the full article
Gallagher Re names Ian Kerton as new CEO for UK region
15th May 2023
Global reinsurance broker Gallagher Re has appointed Ian Kerton as CEO of its UK operations, replacing Tom Wakefield, who is to succeed James Kent as global CEO of Gallagher Re. Throughout his three-decade-long career, Kerton has held multiple roles within the reinsurance industry, including Executive Director at HSBC Insurance Brokers, ... Read the full article
Gallagher Re confirms departure of CEO James Kent
12th May 2023
James Kent, Chief Executive Officer (CEO) of global reinsurance broker Gallagher Re, is retiring from the company on June 1st, so will not be taking up his new role within Gallagher. Back in March, the firm announced that Tom Wakefield would take over as CEO, with Kent set to transition ... Read the full article
Global InsurTech funding rises by 37.6% in Q1 2023: Gallagher Re
4th May 2023
InsurTech funding has bounced back strongly in the first quarter of 2023, with global investments reaching $1.39 billion, according to the latest Global InsurTech Report from Gallagher Re. This marks a 37.6% increase from the previous quarter's lowest total since Q1 2020. While the deal count remained steady, the average deal ... Read the full article
Global nat cat economic losses reach $77bn in Q1 2023: Gallagher Re
19th April 2023
Global natural catastrophe economic losses reached an estimated $77bn in the first quarter of 2023, with public and private insurance entities covering at least an estimated $22bn of that total, resulting in a 72% or $55bn protection gap, Gallagher Re reported. According to the broker’s Q1 2023 Natural Catastrophe report, these ... Read the full article