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 names Simon Collings Chief Broking Officer
2nd October 2024
Simon Collings has been appointed to the newly created executive role of Chief Broking Officer for Gallagher, subject to regulatory approval, and will report to Michael Rea, the broker’s Chief Executive Officer in the UK. Joining the UK executive team, Collings will lead and develop the broking strategy for Gallagher in ... Read the full article
Nina Duft joins Gallagher as CFO and COO for Europe
23rd September 2024
Gallagher UK has announced the appointment of Nina Duft in the joint role of Chief Finance Officer (CFO) and Chief Operations Officer (COO) for Europe. Duft is an experienced finance professional with a strong track record in financial reporting, financial planning and financial controls, as well as business strategy. The executive is ... Read the full article
Gallagher launches specialty business in Bermuda with Jasmine DeSilva as MD
12th September 2024
Gallagher has launched a new business in Bermuda to provide specialty insurance solutions, aiming to expand its presence and capitalise on growth opportunities. Gallagher already has a strong client base in Bermuda, alongside its treaty reinsurance operations and alternative risk management business, Artex. The new business will offer insurance and risk management ... Read the full article
Gallagher hires Aon’s Bruce Dettling to lead global mining and heavy industry practice
29th August 2024
Bruce Dettling has been appointed to the role of Global Head of Mining and Heavy Industry for Gallagher, where he will be responsible for leading the firm's global specialist practice with teams based in the UK, Latin America, Canada and Australia. Dettling, who is set to join Gallagher in November, will ... Read the full article
Gallagher expands European cyber leadership with latest senior hire
30th July 2024
Gallagher has appointed Aldo Borsani as the Head of Cyber for Europe, where he will enhance the insurance and reinsurance broker's products and services, collaborate with existing clients and teams across Europe, and lead new business growth. Borsani brings nearly ten years of experience from Chubb, where he most recently served ... Read the full article
Property reinsurance rate rises moderating, casualty seeing large increases: Gallagher
26th July 2024
While property reinsurance renewals experienced modest price declines at the mid-year renewals, casualty classes saw the greatest renewal premium increases, which could keep advancing, broker Gallagher has observed. Talking about the reinsurance market and mid-year renewals following the release of its second quarter of 2024 financial results, J. Patrick Gallagher Jr, ... Read the full article
Gallagher sees Q2 revenue of $2.73bn as net earnings improve
26th July 2024
Arthur J. Gallagher has revealed that its revenue in Q2 of 2024 stood at $2.73 billion, up from £2.4 billion in Q2 of 2023, driven by strong performance in its brokerage segment. Of this total revenue before reimbursements figure, Gallagher's brokerage segment made up $2.37 billion, while its risk management segment ... Read the full article
Arthur J. Gallagher appoints Richard Harries to Board of Directors
25th July 2024
Veteran Richard Harries has been appointed to insurance and reinsurance broker Arthur J. Gallagher & Co.'s Board as a new Director. Harries has more than 35 years of insurance industry experience in the UK and other highly regulated markets and has experience growing businesses as an operational leader. He most recently served ... Read the full article
Sompo’s Joe Gilliland joins Gallagher’s US crisis management team
22nd July 2024
Gallagher has appointed Sompo International's Joe Gilliland as Executive Director within its US crisis management team. As Executive Director of the practice, Gilliland will work closely with Gallagher’s existing US team led by Bill Harrison, who is also an Executive Director, and will hold responsibility for driving Gallagher’s growth plans across ... Read the full article
Organisations to benefit from Artex newly launched Vermont Protected Cell Company
15th July 2024
Artex, Gallagher's wholly-owned subsidiary for alternative risk and capital, has launched its first Vermont Protected Cell Company (PCC), to provide organisations of all sizes and industries with an alternative platform to support their risk transfer needs. Artex Axcell PCC (Vermont), Inc. was formed in April 2024 to provide companies the ability ... Read the full article
Softening airline insurance market benefits buyers in Q2’24: Gallagher Specialty
15th July 2024
Gallagher Specialty’s Plane Talking Q2 2024 report highlights that excess capacity and heightened competition are driving a softening of rates, creating a more competitive pricing environment that benefits airline insurance buyers. This surplus capacity stems from increased rates in recent years coupled with lower average claims, intensifying competition and a focus ... Read the full article
Gallagher Re expects low-teens organic growth in Q2 amid sustained reinsurer discipline
26th June 2024
Speaking with analysts at KBW, Gallagher President, Thomas J. Gallagher, has anticipated low-teens reinsurance organic growth in Q2 of 2024, including sustained reinsurer discipline with property pricing slightly down but with rising aggregate demand heading into a potentially active hurricane season. In discussions between analysts at KBW and Gallagher executives at ... Read the full article
Proactive risk management key for 2024: Gallagher
17th June 2024
(Re)insurance broking group Gallagher's new report highlights the necessity for businesses and communities to adopt proactive risk management strategies, in light of global uncertainties in 2024. The year is marked by the potential for civil unrest, terrorism, and political violence due to upcoming elections worldwide. In the UK, environmental activism has caused ... Read the full article
Global trends & promising outlook for MGA & MGU revenues in 2023: Insuramore
14th June 2024
Managing General Agents (MGAs), Managing General Underwriters (MGUs), and cover-holder groups have amassed approximately USD 23.9 billion in revenues worldwide in 2023, according to a recent report by industry analysis firm Insuramore. The bulk of this revenue, ranging between 70% and 75%, stemmed from direct commercial P&C insurance, while the remaining ... Read the full article
Business owners worried insurance would not cover specific loss or event: Gallagher
12th June 2024
Business owners are focusing on preparing for the unforeseeable as they worry their business insurance will not cover specific losses, a recent study by insurance broker Gallagher has found. A survey was conducted among 1,000 US business owners which revealed that 80% of the participants are worried their business insurance will ... Read the full article
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