Reinsurance News
Gallagher
Gallagher is an insurance and reinsurance broking group, as well as having advisory and consulting capabilities. The reinsurance broking arm is named Gallagher Re.
Read all our Gallagher insurance or reinsurance news and analysis below.
Gallagher expands dispute resolution team with Blackstone Chambers hire
25th May 2022
Insurance and reinsurance broker, Arthur J. Gallagher & Co., has appointed Lewis Walker as a Director in its specialist dispute resolution team in its major risks practice. Walker joins Gallagher from Blackstone Chambers – a magic circle barristers chambers based in Temple, London, where he served as one of the senior ... Read the full article
Artex completes transition of ILS specialist Horseshoe
17th May 2022
Artex, re/insurance broker Gallagher's alternative risk solutions company, has now completed the rebranding of Horseshoe Insurance Services Holdings Ltd. following its acquisition of the company in late 2019. Announced in October 2019, Artex's agreement to acquire Horseshoe, a Bermuda-based provider of insurance management fund administration, advisory and corporate services to ... Read the full article
Gallagher reports rise in Q1 earnings and revenues
29th April 2022
Insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported net earnings of $439 million for the first quarter of 2022, compared with $394 million a year earlier, as revenues before reimbursements increased to $2.4 billion. Once you include the benefits of acquisition integration, workforce and lease termination, acquisition related ... 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
Gallagher makes multiple appointments in southern UK offices
30th March 2022
Gallagher has made a number of people moves in its UK business to help support its continued growth. According to the firm, it has made seven appointments through several of its offices in the south of the country. It said that it has appointed Steve Risk as regional managing director of the ... Read the full article
Edelweiss completes integration into Gallagher
14th March 2022
Edelweiss Gallagher will now just be known as Gallagher. The rebranding completes the integration of Edelweiss Insurance Brokers into Gallagher, a process that began in 2019 when the latter bought a minority share in the firm from Edelweiss Group. Then, last year, Gallagher purchased the remaining shares in the ... Read the full article
Gallagher and MIG Group launch new business in Dubai
8th March 2022
Gallagher has launched a new business in the Dubai International Finance Centre (DIFC) to support clients across the Middle East and Africa with their specialty and facultative reinsurance solutions. The business will be the rebranded ACE Re, which is now owned by Gallagher (51%) and MIG Group (49%). According to Gallagher, ... Read the full article
Cyber reinsurance premium to exceed property cat in decade beyond 2030: Gallagher Re
22nd February 2022
Analysis by global reinsurance broker, Gallagher Re, finds that by 2040 the cyber market will become comparable in size to either property or casualty as the segment experiences a second wave of growth from 2023. Gallagher Re's cyber reinsurance team has published a new white paper, CY-FI: the Future of Cyber ... Read the full article
Gallagher Re reveals major catastrophe losses topped $116bn in 2021
3rd February 2022
Gallagher Re has revealed that insured losses from major catastrophes in 2021 have so far reached $116bn, which the broker said was the third largest in ten years. The figure was also reported by the reinsurance broker to be 63% higher than the average annual loss since 2011. Like the peak ... Read the full article
Swiss businesses to rebrand as Gallagher
27th January 2022
Hesse & Partner and Verbag will operate under the Gallagher brand from Monday. The firms, which were bought by Gallagher in 2018 and 2019, are understood to continue operating as normal, but will now operate under the Gallagher brand in Switzerland. In a press release, Gallagher said this completed the integration of ... Read the full article
Hiscox’s Liz Kim joins Gallagher Re’s cyber reinsurance team
19th January 2022
Reinsurance broker Gallagher Re has appointed Hiscox's Liz Kim to its 40-plus strong cyber reinsurance team, based in San Francisco. The hire sees Gallagher Re continue its strategic investment in industry talent and specialist expertise to meet the evolving needs of clients and growing exposures. In her new role, Kim will further ... Read the full article
Gallagher makes Regional Managing Director appointment
18th January 2022
Global re/insurance broker Gallagher has appointed Elliot Miller as Regional Managing Director for Scotland, Northern Ireland and the North East of England. Miller will report into Peter Matthews, Managing Director of the North in Gallagher’s UK Retail division, and will be based in Glasgow. He brings over 35 years of experience within ... Read the full article
Gallagher names Head of Financial Lines for Middle East
13th January 2022
Global re/insurance broker Gallagher has appointed Daniel Miller to lead its financial lines operations for clients in the Middle East. Miller will join Gallagher in April from Aon, where he has worked for the last eight years as Regional Head of Financial and Professional Liability (finpro) for the Middle East. He has ... Read the full article
Gallagher Re reports constrained capacity in global non-marine retro
10th January 2022
Global reinsurance broker Gallagher Re has reported constrained capacity in global non-marine retrocession as traditional reinsurers have restricted their requirements for capital deployment, with the ILS market showing significant outflows and limited inflows. The broker noted that aggregate capacity was in shorter supply than in previous years, with providers wary of ... Read the full article
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