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 Nepomuk Loesti CCO of European broking operations
4th January 2024
Gallagher has appointed Nepomuk Loesti (Nepo) as Chief Commercial Officer of its European broking operations to support its expansion in the region. Loesti joins Gallagher from AIG, where he spent the last 17 years in a range of roles in Zurich, London, New York, Frankfurt and Munich. Most recently, he was Head ... Read the full article
Amwins, Costero and Consilium among first brokers to adopt new market reform contract MRC v3
6th December 2023
Amwins, Aon, BMS Group, Gallagher, Howden, Consilium and Costero have started using the new market reform contract (MRC v3) marking the first step to the full adoption of Blueprint Two. The two-year program builds on the foundations laid by Blueprint One in September 2019 and focuses on shifting the market ... Read the full article
AJ Gallagher forecasts firm pricing, increased demand at Jan renewals: CEO
30th October 2023
In a recent earnings call, J. Patrick Gallagher, Jr., Chairman, President, and CEO of Arthur J. Gallagher & Co., discussed the outlook for the upcoming January reinsurance renewals. Following a stable July 1 renewal season, the company has set its sights on what's ahead for the industry. Gallagher expressed optimism, saying, "Assuming ... Read the full article
Aviation reinsurance market faces challenges and ongoing dispute amid diverging trends: Gallagher
5th October 2023
In the latest edition of Plane Talking, re/insurance broker Gallagher noted that as the aviation reinsurance and retrocession markets approach the final quarter of 2023, they continue to grapple with a range of complex challenges and evolving market dynamics. In its Q3’23 edition of Plane Talking, Gallagher noted that one significant ... Read the full article
Vullo named Executive Director of Gallagher Specialty’s Marine P&I practice
28th September 2023
Alex Vullo has been appointed Executive Director of Gallagher's Marine Protection & Indemnity (P&I) insurance practice, where he will be responsible for leading its growth in the market. According to the firm, Vullo will report to Jonathan Suckling, CEO of Marine, Art and Specie for Gallagher Specialty. "The practice has increased substantially ... Read the full article
Gallagher appoints Jamie Gee as Associate Director, Financial Lines, Middle East & Africa
22nd August 2023
Global insurance broker Gallagher has announced the appointment of Jamie Gee as Associate Director within its financial lines practice in the Middle East and Africa business. Daniel Miller, Divisional Director of Gallagher, commented on the hire, “Jamie brings fantastic technical knowledge and strengthens our existing capability and proposition. His experience in ... Read the full article
Gallagher Re hires Hannover Re’s Eduardo Molinari as Chairman of Iberia
21st July 2023
Eduardo Molinari has left large European reinsurer Hannover Re after almost 25 years to take up a new role at reinsurance broker Gallagher Re, as Chairman of Iberia, effective September 1st, 2023. Based in Madrid, Gallagher Re's Iberian hub, Molinari will assist with the team's expansion across the region as the ... Read the full article
Insurance prices expected to rise for several years due to inflation, says Gallagher CEO to FT
22nd June 2023
Inflation-driven insurance price hikes are anticipated to persist for "a couple of years at least," according to Patrick Gallagher, CEO of Gallagher in an interview with the Financial Times. Gallagher highlighted that rising costs of claims have necessitated the insurance industry to raise premiums as part of a professional and astute ... Read the full article
Personnel moves one of the driving changes within cargo insurance: Gallagher Specialty
21st June 2023
Talent is driving change within the global cargo insurance market, as well as its potential use as an alternative capital provider to a possible hardening further P&C market, Gallagher Specialty highlighted in its recent cargo Insurance Market Update. According to the report, analysts have seen a significant number of personnel market ... Read the full article
NFU Mutual launches innovative parametric heat-stress insurance for dairy farmers
23rd May 2023
NFU Mutual, the leading rural insurer in the UK, has partnered with parametric insurance specialist Skyline Partners, insurer Markel, and broker Gallagher to introduce a groundbreaking insurance product designed specifically for dairy farmers. This parametric heat-stress insurance, the first of its kind in the UK, aims to mitigate the risks and ... Read the full article
Gallagher Re confirms departure of CEO James Kent
12th May 2023
James Kent, Chief Executive Officer (CEO) of global reinsurance broker Gallagher Re, is retiring from the company on June 1st, so will not be taking up his new role within Gallagher. Back in March, the firm announced that Tom Wakefield would take over as CEO, with Kent set to transition ... Read the full article
Gallagher appoints Ralph Sherbahn Head of Financial Lines for Asia
11th April 2023
Gallagher has appointed Ralph Sherbahn as Head of Financial Lines for Asia, where he will be based in Hong Kong and report to the CEO of North Asia, Thomas Wang. In the new role, Sherbahn is tasked with overseeing Gallagher’s financial lines operations in Asia with existing capabilities in Singapore and ... Read the full article
Gallagher enters Swedish market by consolidating its subsidiaries, hires Jonas Bergfeldt as CEO
3rd April 2023
Gallagher will launch its first direct presence in Sweden on the 3rd of April 2023, following the integration and rebranding of its three individual Swedish businesses Brim, Nordic and Proinova. Insurance and reinsurance broker Gallagher acquired Brim in 2016, which was followed by the acquisition of Nordic in 2017 and Proinova ... Read the full article
Gallagher Re names Wakefield to become CEO, as James Kent transitions to group role
16th March 2023
Tom Wakefield is set to become the CEO of reinsurance broker Gallagher Re, after James Kent was promoted to a new role within Gallagher, as CEO of Global Insurance Strategic Relationships. Kent will take responsibility for establishing and driving a framework that determines how Gallagher connects with its major strategic partners ... Read the full article
Aon hires Gallagher’s Rudman as Head of Marine, Asia
10th February 2023
Aon plc has announced that it has appointed Gallagher’s Stephen Rudman as head of Marine for Asia. Within the role, Rudman will be based in Singapore, where he will be part of Aon’s global marine executive team. He will also report to Paul Young - Head of Commercial Risk Solutions for Asia ... Read the full article
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