Investment in the global insurtech-sector in Q3 2022 was $2.35 billion.
Tag: Gallagher Re
July Renewals See Attachment Levels & Costs Rise: Gallagher Re
According to Gallagher Re’s 1st View report, almost all buyers of protection were able to secure their reinsurance coverage at a July 1st, 2022, renewals shaped by economic factors that helped to sustain market hardening. Following the June 1st reinsurance renewals, all eyes turned to the later mid-year renewals in July, due to a decrease… Continue reading July Renewals See Attachment Levels & Costs Rise: Gallagher Re
Gallagher Re: Reinsurance Premiums Rose 11% Q1
Premium growth remained positive with an average increase of 11% in Q1 supported by continued favorable pricing for commercial lines and reinsurance business, according to Gallagher Re. Underwriting results were strong with (re)insurers posting a 94% combined ratio (Q1 21: 96%), driven by favorable rates and a lower natural catastrophe loss impact compared to last… Continue reading Gallagher Re: Reinsurance Premiums Rose 11% Q1
Inflation Is A Key Issue for April 1 Renewals: Gallagher Re
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. Here are highlights of the report: Orderly renewal – Capacity was largely sufficient in most classes but some constraints in certain specialty lines and… Continue reading Inflation Is A Key Issue for April 1 Renewals: Gallagher Re
Some European Reinsurance Rates Rise by Over 50% at Jan 2022 Renewals
According to a report released on Tuesday by broker Gallagher Re, some European property reinsurance rates increased by more than 50% at January 1 renewals after the region experienced record insured losses from natural disasters such as floods and storms last year. Reinsurers insure insurers, and increases in reinsurance rates are frequently passed on to… Continue reading Some European Reinsurance Rates Rise by Over 50% at Jan 2022 Renewals
Gallagher Hires Wakefield from Aon as New CEO of Gallagher Re
Gallagher, the global broking brand of Arthur J. Gallagher & Co., has announced the hire of Tom Wakefield from Aon to take on the role of Chief Executive Officer (CEO) of its reinsurance business, Gallagher Re. Wakefield will take over the Gallagher Re CEO role from Simon Behagg, who is transitioning into a new role… Continue reading Gallagher Hires Wakefield from Aon as New CEO of Gallagher Re
Capiscum Re to Rebrand As Gallagher Re
Capiscum Re announced that it will trade as Gallagher Re with effect from 1 October 2020, in a bid to fully align with Gallagher’s global insurance broking operations. The specialist reinsurance broker launched in December 2013 through a strategic partnership with Gallagher and has since gone on to become the fifth largest reinsurance broker in… Continue reading Capiscum Re to Rebrand As Gallagher Re