Reinsurance News

Gallagher Re

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

Gallagher Re makes six hires in Asia-Pacific region

6th June 2022

Reinsurance broker Gallagher Re has hired six senior executives to augment its businesses in the Asia-Pacific region. The firm said that it had hired Yuan Tian as its new strategic and financial analytics lead for the region; Roshan Perera as executive director of the regional development team; and Cliff Downing as ... Read the full article

Reinsurance premium growth at 11%, but clouds on horizon: Gallagher Re

31st May 2022

Gallagher Re is reporting that premium growth among the reinsurers it tracks remained strong in Q1 2022, reaching 11%. The firm said that this result had been achieved partly through continued favourable pricing for commercial lines and reinsurance business. Strongest premium growth, the company said, came from the global reinsurers, along ... Read the full article

Firm order terms for TWIA’s 2022 reinsurance renewal suggests ROL of 6.75%

18th May 2022

The Texas Windstorm Insurance Association (TWIA) looks set to pay more for its larger 2022 traditional reinsurance program, with firm-order-terms (FOT) for the renewal pointing to a rate-on-line (ROL) of 6.75%, according to its broker Gallagher Re. Yesterday, the board of the Texas insurer of last resort heard from representatives of ... Read the full article

Gallagher Re suggests reinsurance adjustments to mitigate inflation pressure

13th May 2022

Analysts at Gallagher Re have suggested a number of changes to the way that insurers utilise reinsurance protection in order to better account for and mitigate the growing challenge of inflation. In a new report, the broker notes that the debate around inflation has moved on from whether it will spike ... Read the full article

Insurtech investment broke records in 2021 – Gallagher Re

4th May 2022

Global investment in insurtech breached $15.8bn in 2021, according to Gallagher Re’s Global Insurtech Report. The figure, said Gallagher Re, was the highest on record and more than 2019 and 2020 combined. The firm said that over the course of 2021, some $9.4bn was invested into Property & Casualty InsurTechs, with the ... Read the full article

Gallagher Re names new Executive Director, France Benelux Life & Health

14th April 2022

Reinsurance broker Gallagher Re has appointed Arnaud Mézière as Executive Director, France Benelux Life & Health. Mézière joins Gallagher Re from Reinsurance Group of America, where he worked in the French region as a Business Development specialist. Prior to that position, he worked as NEEM Strategy Analyst at BNP Paribas Cardif, and ... Read the full article

Cat bond issue in Q1 2022 continued 2021 boon: Gallagher Re

11th April 2022

Cat bond issue in Q1 2022 was a continuation of the boon year that was 2021, according to Gallagher Re’s latest 1st View. This was, said the firm, seen in both terms of deal count and the total volume of issuance. These numbers reflect the latest data from our insurance-linked securities ... Read the full article

Russia – Ukraine war creates renewed uncertainty for aviation market: Gallagher Re

8th April 2022

As Russia's unprovoked invasion of Ukraine continues, hopes of a global aviation insurance market recovery have faded somewhat, with the 2022 renewals set to present "another complex engagement," according to re/insurance broker Gallagher. After two years of pandemic-related stress and multi-billion dollar industry losses, the start of this year suggested a ... Read the full article

Pricing pressure faded at nuanced Japan renewals: Gallagher Re

8th April 2022

Analysts at Gallagher Re have reported that continued reinsurer pricing pressure faded during the course of the April 1 renewals in Japan, which was characterised by an “orderly” process with nuanced pricing dynamics. For property catastrophe excess of loss business in Japan, Gallagher Re reported that a limited amount of new ... Read the full article

Reinsurance dedicated capital grows 8.4% to $728bn: Gallagher Re

7th April 2022

New data from broker Gallagher Re shows that global reinsurance dedicated capital totalled $728 billion at the end of 2021, representing growth of 8.4% over the previous year. Capital had ended the previous year at $672 billion, according to the latest reinsurance market report by Gallagher Re. Since 2015, total reinsurance dedicated ... Read the full article

Reinsurers’ underlying combined ratio sub-100 for first time since 2014: Gallagher Re

7th April 2022

According to global reinsurance broker Gallagher Re, reinsurers’ weighted average reported combined ratio was 97.6% in 2021, a sharp improvement from the COVID-19-impacted 104.1% for the year prior. On an underlying basis, so excluding prior year development and normalising for natural catastrophe losses, reinsurers' combined ratio improved from 100.7% to 99.8% ... Read the full article

Calm April renewals dominated by an orderly Japanese market: Vickers, Gallagher Re

1st April 2022

Both buyers and sellers of protection managed expectations well at the April 1st, 2022, reinsurance renewals, driven by its heavy focus on the disciplined Japanese market, resulting in a calm 1/4, according to James Vickers, Chairman International, Reinsurance at Gallagher Re. We spoke with Vickers around the launch of reinsurance broker ... Read the full article

Inflation a hot topic at “balanced” April reinsurance renewals: Gallagher Re

1st April 2022

During an "undramatic" and "balanced" April 1st, 2022, reinsurance renewals season, there was widespread discussion about inflation as reinsurers were keen to understand its impact on cedants' portfolios, reports Gallagher Re. The reinsurance broker's latest April 1st View report was released this morning, revealing modest reinsurance rate increases characterised by an ... Read the full article