Reinsurance News
Gallagher Re
Gallagher Re feels like a billion dollar startup with a tremendous opportunity: James Kent & Pat Gallagher
1st December 2021
With Arthur J. Gallagher’s (AJG) acquisition of Willis Re’s treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it feels like day one at a billion dollar startup. In the past seven years, Gallagher Re has established itself as the fifth largest ... Read the full article
UK competition authority clears Gallagher acquisition of Willis Re
22nd November 2021
The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article
Gallagher Re hires Aon’s Theo Norris as a dedicated cyber ILS broker
12th November 2021
Global reinsurance broker Gallagher Re has announced the addition of Theo Norris to its cyber reinsurance team as a dedicated cyber insurance-linked securities (ILS) broker, as the company continues to bolster its capabilities in the cyber risk space. In his new role, Norris is tasked with building and leading the development ... Read the full article
Gallagher Re launches next-gen reinsurance analytics platform GAIA
14th September 2021
Global reinsurance broker Gallagher Re has announced the launch of its holistic, next-generation reinsurance analytics platform called Gallagher Automated Insurance Analytics (GAIA), designed to deliver deeper and faster client insights. According to Gallagher Re, GAIA provides clients with a single, scalable analytics ecosystem which incorporates structured data, automated workflows, and on-the-fly ... Read the full article
Tom Wakefield leaves Aon to become CEO of Gallagher Re
7th June 2021
Tom Wakefield, previously of Aon, has been announced as the new Chief Executive Officer (CEO) of Gallagher Re, the reinsurance arm of the global brokerage, subject to regulatory approval. Wakefield takes over as CEO of the reinsurance broker from Simon Behagg, who will transition to the role of Managing Director of ... Read the full article
Re/insurance industry execs support sale of Willis Towers Watson assets: KBW
20th May 2021
Florida and Bermuda insurance and reinsurance industry executives recently expressed "widespread support" for the sale of Willis Re and certain other Willis Towers Watson (WTW) assets to Arthur J. Gallagher (Gallagher), according to analysts at KBW. It was announced last week that Gallagher had agreed a $3.57 billion deal to ... Read the full article
Willis Re’s data & analytics capabilities take Gallagher to ‘another level’, says CEO
13th May 2021
Arthur J. Gallagher's (Gallagher) agreement to acquire the majority of reinsurance broker Willis Re will take the company's data and analytics capabilities to new heights, according to J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer (CEO). Alongside other Willis Towers Watson (WTW) assets, Gallagher is poised to purchase ... Read the full article
Gallagher’s Willis Re acquisition will expand UK, US and international footprint
13th May 2021
Following Arthur J. Gallagher's agreement to acquire the majority of reinsurance brokerage Willis Re, a Gallagher spokesperson has confirmed that the deal will significantly expand the company's footprint in the UK and the US, and provide it with scale operations in certain key markets. It was announced yesterday that Aon ... Read the full article
Will there ever be an oversupply of cyber capacity, asks Gallagher Re white paper
16th April 2021
Gallagher Re's global head of cyber Ian Newman has questioned whether the cyber risk market will ever be short of capital, in a white paper examining the broader implications for the industry. “The principal ingredient required for softening a market is an oversupply of capacity, but cyber has to date not ... Read the full article
Gallagher Re to launch dedicated cyber reinsurance team in Bermuda
12th April 2021
Specialist broker Gallagher Re has announced the formation of a new cyber reinsurance specialism in Bermuda, as the company looks to expand its global cyber practice. The new team will be led by specialist cyber broker Seb Plummer and is aimed at enhancing support for local clients while helping expand cyber ... Read the full article
Gallagher Re’s Bell highlights 1/1 challenges for aviation re/insurers
8th April 2021
The 1/1 renewals was a challenge for both direct insurers and reinsurers in the aviation space, with the two Boeing loss movements of the past year constituting the greatest single change in deterioration compared to any other renewal date, according to Gallagher Re's head of aviation, speciality, David Bell. Bell says ... Read the full article
Ed Messer joins Gallagher Re
18th March 2021
Specialist reinsurance broker Gallagher Re has announced the addition of Ed Messer as a Partner at the firm. Messer joins Gallagher Re from Aon, where he most recently served as Head of UK Analytics, based in London. "We are absolutely delighted that Ed has chosen to join Gallagher Re at this exciting ... Read the full article
Gallagher Re adds Rothseid as Partner, Head of Legacy
8th March 2021
Gallagher Re has added Andrew Rothseid to the newly created role of Partner, Head of Legacy. Rothseid will continue to be US-based and reports into Matt FitzGerald, Managing Partner of Specialty at Gallagher Re. He brings over 25 years’ experience in the global insurance and reinsurance industries and spent the last decade ... Read the full article
Simon Behagg takes over as Gallagher Re CEO
18th January 2021
Gallagher has announced the appointment of Simon Behagg as Chief Executive Officer (CEO) of its global reinsurance business, Gallagher Re. From February 2021, Behagg will take over the role from current CEO Rupert Swallow, who has headed Gallagher Re for the past seven years and was a founding partner of the ... Read the full article
Gallagher Re secures $140mn of traditional reinsurance for Arch
11th January 2021
Reinsurance broker Gallagher Re has helped Arch Mortgage Insurance Company (Arch MI) secure $15.6 million of indemnity reinsurance in what is the fourth and final Bellemeade Re 2020 transaction. Over the course of the four transactions Gallagher Re helped Arch MI obtain $140 million in traditional reinsurance capacity. This latest deal covers ... Read the full article
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