Reinsurance News

Gallagher Re

Gallagher Re hires Choniski as Head of Embedded Insurance, North America

15th September 2022

Broker Gallagher Re has appointed Alexander Choniski in the newly created role of Head of Embedded Insurance, in North America, within its Alternative Distribution vertical. Within this role, he will be responsible for creating an embedded insurance solution for clients in North America. The role will also allow him to work in ... Read the full article

Gallagher Re makes new appointments as it launches the Gallagher Research Centre

13th September 2022

Gallagher Re has appointed Steve Bowen to the role of chief science officer within its Global Analytics & Advisory venture as it launches its new Gallagher Research Centre (GRC). Bowen will be based in Chicago, where he will work closely with the GRC, alongside the firm’s Global Catastrophe Analytics and the ... Read the full article

Gallagher Re expands cyber reinsurance team in North America

7th September 2022

Global reinsurance broker, Gallagher Re, has appointed Jasper Goring as head of its cyber reinsurance hub in New York amid the creation of a dedicated cyber analytics function and the growth of its specialist team in North America. Goring will lead the broker’s cyber reinsurance specialism to support NA-based clients and ... Read the full article

Gallagher Re hires Emilie Desormeaux as Executive Director

2nd September 2022

Gallagher Re has appointed Emilie Desormeaux as Executive Director, where she will be based in Paris, France. She joins from reinsurance giant Swiss Re where she worked at for over 14 years. During her tenure at Swiss Re, Desormeaux served as a Casualty Underwriter and Client Manager for the French market. Prior to ... Read the full article

European capital positions continue to strengthen: Gallagher Re

2nd September 2022

Gallagher Re says that the capital positions for European (re)insurers have continued to strengthen this year, with the average solvency for those it tracks improving to 235%, up from 222% in H1 2021. The firm said in a note that this level of sector solvency is comfortably above the c.200% upper ... Read the full article

Gallagher Re hires Alexandre Delacroix to new role

31st August 2022

Gallagher Re has hired Alexandre Delacroix to the role of executive director within its EMEA West & South team. In his new Paris-based role, Delacroix will focus on a range of capital market activities, including ILS and collateralised reinsurance, and thus be part of Gallagher Re’s specialist ILS and capital markets ... Read the full article

Aon hires Sarah Freitag from Gallagher Re

30th August 2022

Sarah Freitag has joined insurance and reinsurance broker Aon from Gallagher Re, taking on the role of Executive Managing Director, Head of E&S Specialty P&C. Based in New York, Freitag joins Aon after spending roughly 10 months with reinsurance broker Gallagher Re, initially as Executive Vice President, Specialty Property Segment Leader, ... Read the full article

Re/insurer H1 results ‘exceptionally strong’, says Gallagher Re

23rd August 2022

Gallagher Re has reported that underwriting results were "exceptionally strong" for global re/insurers across the board in H1 2022 with an average combined ratio of 94.1%, and all but three re/insurers posting a sub-100% combined ratio. The firm said that this level of profitability is broadly in line with the 93.8% ... Read the full article

Accord Mortgages joins Gallagher Re’s Deposit Unlock scheme

4th August 2022

Global reinsurance broker, Gallagher Re, has welcomed Accord Mortgages as the latest UK lender to join Deposit Unlock, a reinsurance-backed mortgage indemnity scheme. After joining this scheme, Accord Mortgages can now lend up to 95% loan-to-value (LTV) for new build houses as the government’s Help to Buy and mortgage guarantee schemes ... Read the full article

Insurtech investments up to $2.4 billion in Q2 2022, says Gallagher Re

4th August 2022

Investment in the insurtech space in the second-quarter of 2022 increased by 8.3% from the opening quarter of the year to $2.41 billion, as a rise in the average deal size masked a decline in the overall number of deals, according to reinsurance broker Gallagher Re's latest Global Insurtech Report. Despite ... Read the full article

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