Gallagher Re

Heightened competition and cladding challenge to drive further PI softening into 2025: Gallagher Re

The professional indemnity market softened throughout 2024 and will continue to in 2025 amid fallout from the UK’s cladding scandal, according to Gallagher Re.

Gallagher Re: Insurtech Q3 funding totals $1.38bn as AI investments gain momentum

Global insurtech funding reached $1.38bn in Q3, the highest level since 1Q23, although funding in the P&C segment declined by 15.4 percent compared to the previous quarter, according to a report from Gallagher Re.

Preliminary insured loss estimate for October Spanish floods at €1.5bn-€2.5bn: Gallagher Re

Preliminary estimates from Gallagher Re have placed the potential insured loss from October’s Spanish floods between €1.5bn ($1.61bn) and €2.5bn.

Asia protection gap remains high at 88% for 2024 to date: Gallagher Re

Asia’s protection gap remains high at 88 percent with just under $9bn of natural catastrophe insured losses in the region for the year to date, according to analysis by Gallagher Re.

Asia Pacific to remain industry growth engine: Gallagher Re

The Asia Pacific region’s rising share of global GDP presents a massive growth opportunity for the insurance industry, according to a report by Gallagher Re.

Pat Gallagher: Gallagher Re, RPS posted 8% organic growth in third quarter

Gallagher Re and wholesaler Risk Placement Services recorded 8 percent organic growth in the third quarter, Pat Gallagher said Thursday, as he also disclosed that Arthur J Gallagher’s US P&C retail unit grew by 5 percent organically and by 7 percent outside the US in Q3.

Gallagher Q3 brokerage organic growth slows to 6.0% as adj Ebitdac margin rises 140 bps

Gallagher’s brokerage organic revenue growth slowed to 6.0 percent in Q3 2024 from 7.7 percent in Q2 while the segment’s adjusted Ebitdac margin increased by 140 basis points to 33.6 percent compared to the prior-year period, with diluted net earnings per share of $2.72 coming in well ahead of analysts’ consensus.

Gallagher Re: Broadening cybersecurity data use could reduce loss ratios up to 16.4%

Expanding the use of cybersecurity data can help insurers materially reduce loss ratios, according to a new study by Gallagher Re.

Gallagher Re’s Braney: cyber reinsurers increasingly attracted to international cyber but “imaginative” approach to risk required

Cyber reinsurers are increasingly looking to deploy capacity into developing international markets at a time of moderate rate softening in North America and Europe, according to Gallagher Re’s Jennifer Braney, who called for carriers to take a more “imaginative” approach to risk appetite and solutions.

Gallagher Re confirms Mowery as chief commercial officer

Lara Mowery has been confirmed as chief commercial officer at Gallagher Re, with the executive joining after 27 years at Guy Carpenter.

Spenner: Reinsurers maintain increased appetite for European wind perils ahead of 1.1

Reinsurers are showing increased appetite for European wind perils with significant deployable capacity available for key clients, according to Gallagher Re’s Dirk Spenner, who noted growing demand from cedants to maintain consistent coverage in a high-inflation environment.

Gallagher Re’s Spenner: Cedants seeking balanced approach to risk sharing at 1.1

Recent Atlantic hurricane activity and elevated European floods do not represent “shock losses” for the industry despite their devastating impact, according to Gallagher Re’s Dirk Spenner, who highlighted a demand from cedants for a more balanced approach to risk sharing at upcoming renewals.

Gallagher Re’s Braney: Cyber’s breakthrough at Baden-Baden and international growth opportunities

Jen Braney, head of international cyber at Gallagher Re, discusses the significance of the first cyber event taking place at this year’s Baden-Baden meeting, as well as growth opportunities and challenges in the cyber (re)insurance space.

Gallagher Re estimates 9M nat cat insured losses at $108bn

Public and private insurers covered $108bn of natural catastrophe losses during the first nine months of 2024, according to a new report by Gallagher Re.

Gallagher Re: Milton private market loss expected to be in $30bn-$40bn range

Reinsurance broker Gallagher Re has issued pre-landfall guidance for a private market loss of between $30bn and $40bn for Hurricane Milton, based on its current National Hurricane Center forecast track and intensity.

Extreme malware attack would not exhaust deployed limit in cyber market: study

The cyber insurance market could withstand a “plausible yet remote” malware event, according to the calculations of three cyber realistic disaster scenario models by Beazley, Munich Re and Gallagher Re.

Senegal to implement parametric drought and flood protection with Gallagher Re

Gallagher Re is working with Senegal’s Public Solidarity Fund (FSN) to provide parametric protection for vulnerable populations against droughts and floods, with the coverage expected to be placed by May 2025.

Gallagher working on 100 deals worth up to $1.4bn in annualized revenues

Arthur J Gallagher is working on around 100 potential M&A deals worth $1.4bn in revenues, including preparing 60 term sheets for transactions representing around $700mn in annual revenue, executives from the firm have revealed on an investor call.

Gallagher Re’s Vickers: Reinsurers to face excess capital conundrum if growth objectives can’t be met

The Insurer spoke with Gallagher Re’s James Vickers to reflect on where renewal discussions sit at the end of Monte Carlo, and the likely implications for the reinsurance sector at 1.1 and beyond.

Gallagher Re adds LM Re’s El Angoudi for parametrics and EMEA agriculture

Liberty Mutual Re’s Abdessamad El Angoudi has joined Gallagher Re as head of agriculture EMEA and parametric sales international.

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