Damageability, exposure drive escalating SCS lossesGallagher Re’s Megan McConnell and Josie Fix examine the drivers behind the trend of increasing US severe convective storm losses.
Gallagher Re pens exclusivity deal with veteran Lloyd’s analysis team ICMRGallagher Re has reached an exclusivity agreement with Insurance Capital Markets Research, in a deal which further bolsters the reinsurance intermediary’s analytics and capital markets offering, The Insurer can reveal.
Gallagher Re: Insurtech funding up 19.8% in Q3 to $1.1bnNew insurtech funding reached $1.1bn in the third quarter, up 19.8 percent on Q2 2023, driven by a 25.5 percent surge in property casualty investment to $931.3mn, according to Gallagher Re.
Going retro: How recycling capital through customised and structured solutions can generate better returnsA tougher economic backdrop combined with a tightening of reinsurance capacity is prompting Asia Pacific insurers to look at optimising their balance sheets and consider new operating models. Jim Atwood and Roshan Perera explore the rising popularity of retrospective solutions in the region.
Navigating the “higher for longer” forecast for APAC inflationGiven the expectations of ‘stickier’ inflation dynamics in Asia Pacific, what proactive measures and reinsurance strategies should insurers be looking to pursue? Hui Yen Tai and Yuan Tian explore the challenges and opportunities.
Gallagher Re: Retrospective solutions gaining popularity in Asia amid reinsurance capacity reductionRetrospective solutions are gaining in popularity in Asia Pacific markets as cedants look to divest non-core liabilities, according to a report from Gallagher Re.
Gallagher Re: Hurricane Otis to be among largest Mexico industry losses everGallagher Re said Friday that the Category 5 Hurricane Otis that hit Acapulco earlier this week is likely to generate more than $10bn in economic damages and could become one of the biggest Mexico industry loss events in history.
2023 on track to become another $100bn+ loss year as record SCS bill continues to growInsured losses from natural catastrophes are expected to again top $100bn during 2023, despite the lack of large losses from this year’s Atlantic hurricane season.
Cyber catastrophe events: Seeking solutions for unknown unknownsBusiness and insurance sector leaders are rightly concerned about the prospect of a catastrophic cyber event – but, with a truly systemic cyber disaster yet to occur, how can the industry model and cover the risk? Simon Heather explores the issues.
Gallagher Re’s Pikinska: Cyber risk data for SMEs remains lackingThe different exposures and risk profiles of large corporates and SMEs are the main driver of the growing case to bifurcate the cyber insurance market to create separate product suites for the two distinct segments, according to Gallagher Re’s Justyna Pikinska.
Gallagher Re warns 2023 to become another $100bn loss year as record SCS bill continues to growGallagher Re has estimated private and public insured losses for the first nine months of the year at $93bn, with severe convective storms accounting for two-thirds of all losses.
Gallagher Re: Cyber market has potential to bifurcate between large corporates and SMEsThere is a growing argument for dividing the cyber insurance market with separate product suites catering for large corporates and SMEs, according to Gallagher Re.
Gallagher Re names RenRe’s Allard to lead new global credit and political risk teamGallagher Re has appointed Jonathan Allard as managing director and head of its newly created global credit and political risk team.
Gallagher Re: Insurers should reappraise portfolios as climate litigation expands in scopeClimate change-related legal actions are expanding in scope, with entire portfolios of insurance business requiring reappraisal in light of climate campaigners’ expansion of their legal ambitions, a new report from Gallagher Re has warned.
Gallagher Re appoints Purnama to lead Indonesian businessGallagher Re has appointed Linda Purnama to lead its business in Indonesia.
US severe convective storm losses top $50bn for 2023: Gallagher ReUS severe convective storm losses have now exceeded $50bn for 2023, according to Gallagher Re’s chief science officer Steve Bowen.
Gallagher Re’s Croxford: “Different feel” to this year’s marine renewalsUpcoming marine reinsurance renewals are expected to see increased reinsurer appetite with less time spent debating terms and conditions, according to Gallagher Re’s global head of marine and energy Nick Croxford.
Gallagher Re’s Tsimaratos forecasts “disciplined softening” for ex-US property cat buyersCedants outside the US can expect to face what Gallagher Re’s Alkis Tsimaratos believes will be “a disciplined softening” in property catastrophe rates during renewals in 2024, owing to increased appetite and profitable results from reinsurers.
ILS executive Brad Livingston joins Gallagher Re as head of collateralised marketsBrad Livingston has joined Gallagher Re as head of collateralised reinsurance, a move that reunites the executive with his former Willis Re colleagues after stints at insurtech Arbol and private equity firm Apollo Global Management in recent years.
Are we at an insurtech inflection point?As venture capitalists associated with reinsurers come to the fore, Gallagher Re’s Andrew Johnston explores the significant shift in global insurtech funding and investment.