Gallagher Re News

Gallagher Re Launches Academic Research Center

Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr. Tina Thomson as global head of Research, the GRC is …

People Moves: 2 Middle Market Industry Leaders at Zurich; Tadmoury Head of Global Middle Market at AFM; New EVP, Cyber Team Expands at Gallagher Re

Zurich North America names new U.S. Middle Market industry practice leaders Zurich North America has named two new industry practice leaders to its U.S. Middle Market team. Erin Terpack was appointed head of technology and manufacturing. Terpack joins Zurich from …

Global Reinsurers’ Capital Levels Drop by 11% During H1, Hit by Declines in Markets

Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines, though higher interest rates helped their liability positions, broker Gallagher Re said on Tuesday. Reinsurers, who insure the insurers, have …

People Moves: TigerRisk Hires Aon’s Rosenberg for ILS Team; Gallagher Re Appoints Delacroix in France; BMS Re Taps Carpenter’s Torres-Ortíz for Caribbean Fac

This edition of International People Moves details appointments at TigerRisk, Gallagher Re and BMS Re. A summary of these new hires follows here. TigerRisk Hires Aon’s Rosenberg for ILS Team TigerRisk Partners LLC, the Stamford, Conn.-based re/insurance broker, announced the …

Global Insurtech Investment Down 50% in Q2: Gallagher Re

Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher Re said in a report on Thursday. Insurtech firms make up around …

People Moves: MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance; DUAL Hires HDI’s Biemann for Cyber; Gallagher Re Taps Swiss Re’s Kreutzer for Nordic Region

This edition of International People Moves details appointments at MS Amlin, DUAL Europe, and Gallagher Re. A summary of these new hires follows here. MS Amlin Names Liberty Mutual’s Baxter as Head of Reinsurance, Deputy CUO MS Amlin Underwriting Ltd. …

Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural …

Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …

Gallagher Re Launches Climate Risk Resilience Practice, Led by World Bank’s Bavandi

Gallagher Re, the global reinsurance broker, announced it has launched a global practice focusing on public sector and climate resilience solutions, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact. Antoine Bavandi …

People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region

This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Management Liability Beazley announced that Catherina MacCabe, focus group …