Gallagher Re News

California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals

Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re in their renewal reports. Reinsurers continued to demonstrate an appetite …

Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers

The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re. “The …

Chairman of Gallagher Re International Vickers Announces Retirement

James Vickers, the chairman of Gallagher Re International, announced he is retiring on May 31, 2025, after 47 years in the global reinsurance industry. “In the late 1970’s reinsurance broking was very much a transactional and relationship driven business with …

Gallagher Re Launches Cyber Risk Adjusted Rating Index to Track Reinsurance Rates

Gallagher Re, the reinsurance brokerage unit of Arthur J. Gallagher & Co., announced it has launched a Cyber Risk Adjusted Rating (RAR) Index, which is designed to measure the change in reinsurance prices adjusted for expected changes to the underlying …

Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers

Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher Re and …

New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver

A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities. Using independent analysis of cybersecurity performance data provided by Bitsight in combination with claims data, the study uses …

Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report

Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the first three quarters of …

Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods

The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an estimated …

Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say

The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates published on Monday found, as the region braced for more damage. Credit rating agency Morningstar DBRS estimates losses will range …

Gallagher Re: Insured Losses From Hurricane Debby to Be ‘Very Manageable’

Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-related losses could …