California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals April 9, 2025 By L.S. Howard Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses...
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers April 4, 2025 By L.S. Howard The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in...
Chairman of Gallagher Re International Vickers Announces Retirement March 17, 2025 James Vickers, the chairman of Gallagher Re International, announced he is retiring on May 31, 2025, after 47 years in...
Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates March 7, 2025 Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted...
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers January 7, 2025 By L.S. Howard Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver October 29, 2024 A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report October 16, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods September 25, 2024 By L.S. Howard The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in...
Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say September 17, 2024 The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates...
Gallagher Re: Insured Losses From Hurricane Debby to Be ‘Very Manageable’ August 12, 2024 Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure...