Company: Gallagher Re Page 1 / 2
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- April 2 2025
Buyers make hay at 1.4 as reinsurers seek growth armed with record-high capital
InsuranceAsia News examines key takeaways from the April 1 renewals commentaries by Aon, Gallagher Re and Howden Re.
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- April 1 2025
Japan rates see ‘accelerated softening’ at April 1: Gallagher Re
Buyers benefited from record reinsurance capital achieving better renewal outcomes with risk-adjusted price reductions and coverage improvements.
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- March 17 2025
Japan veteran James Vickers to retire after 47-year career
Vickers, who spent nearly two decades in Japan, will step down from his role as chairman with Gallagher Re's international division on May 31, 2025.
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- February 24 2025
Auto-fac market ‘not yet at scale for treaty purchase’, but ‘not dumping ground for bad risks’
Facility is emerging as a vital instrument to place risks that do not fit into existing treaties, Gallagher Re, Markel and Swiss Re say.
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- February 20 2025
Exclusive: Aon Re loses Asia CEO as trio departs for Gallagher Re
Richard Jones, Kyung Won, and Vinay Ananthanarayanan are set to join Gallagher Re's APAC team in Singapore, IAN can reveal.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 10 2025
Jeju Air, Azerbaijan Airlines crashes add early pressure on market: Gallagher Specialty
Losses alone are unlikely to prompt a market reaction, but will impact year-end underwriting results, broker says in a report.
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- January 2 2025
Property cat, specialty 1.1 renewals saw risk adjust reductions across the board: Gallagher Re
Reinsurance renewals saw capacity supply generally exceed demand and buyers received the 'measure of relief' they sought, CEO Tom Wakefield says.
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- November 21 2024
Interest in standalone renewable treaties in APAC remains strong: Gallagher Re
There is rate adequacy in the market ahead of the 2025 renewal season as costs have stabilised in the reinsurance market, according to a whitepaper on renewable energy by the reinsurance broker.
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- November 8 2024
Global funding for insurtech tops US$1.38bn in Q3 driven by AI-centred deals: Gallagher Re
The number of deals struck in Q3 2024 fell to 77, the lowest in nearly four years.
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- November 1 2024
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
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- November 1 2024
Market’s willingness to deploy capacity is certainly back: Gallagher Re
Gallagher Re’s Mark O’Brien says negotiations around retentions, and terms and conditions to be a little easier in the coming renewals.
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- November 1 2024
APAC’s economic surge to drive global insurance market growth: Gallagher Re
The cyber insurance market in the Asia Pacific region is growing at an annual rate of about 50%, according to the broker's latest regional market watch.
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- October 17 2024
Asia economic losses for 9M 2024 top US$70bn as secondary perils drive costs: Gallagher Re
Three of the top five costliest economic events for the period were in Asia – China seasonal floods, Typhoon Yagi and the Noto Peninsula earthquake – accounting for combined US$50bn in economic losses and US$4.7bn in insured losses.
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- October 15 2024
Gallagher Re strengthens life and health reinsurance team with two senior hires
The reinsurer has appointed Sanjeeb Kumar as chairman of L&H reinsurance for India, and Addise Li as head of L&H reinsurance in China and Hong Kong.
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- October 3 2024
Australia poised for severe thunderstorms, elevated bushfire risks this spring: Gallagher Re
Unusually high maximum and minimum temperatures will affect the country by at least three times more likely than normal, according to the reinsurance broker's climate outlook report.
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- July 18 2024
Asia reports lower than average economic losses due to perils in H1 2024: Gallagher Re
An active first half of 2024 saw the global economic losses at US$128bn, close to the decadal average at US$133bn.
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- June 20 2024
Gallagher’s Pen Underwriting promotes Louise Soutter to professional risks manager in Australia
Brisbane-based Soutter was most recently a senior underwriter focused on cyber and excess professional indemnity for the MGA.
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- June 5 2024
Seadrif mandates Gallagher Re as its reinsurance broker and risk advisor
The broker will be also responsible for the placement of reinsurance in international markets and the provision of strategic advisory services to the Asean cat risk facility.
