Gallagher Re News

People Moves: Gallagher Re Names Kerton as CEO for UK Region, Succeeding Wakefield; Swiss Re Corporate Solutions Promotes Hall for UK, Ireland, S. Africa, EMEA Wholesale

This edition of International People Moves details appointments at Gallagher Re and Swiss Re Corporate Solutions. A summary of these two promotions follows here. Gallagher Re announced the appointment of Ian Kerton to the role of CEO of the reinsurance …

Insurtech Funding Up 38% Over Q4 2022: Gallagher Re

Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the …

Gallagher Re: US Leads Insurtech Investments, Funding Continues Healthy Climb

Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from about $1 billion to about $1.4 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the …

Gallagher Launches Brokerage in Japan, Led by 2 Former Marsh Execs

Gallagher has launched an insurance brokerage in Japan, which specializes in insurance solutions to both commercial clients and wholesale facultative insurance to other brokers. The Japanese unit is led by two former Marsh executives: Takuya Aibe and Tetsuro Nakazawa. Previously …

Markets/Coverages: Resolute Global Partners Launches New Type of Reinsurance Contract

Resolute Global Partners, an investment adviser specializing in insurance and reinsurance, announced the launch of “Footprint,” a new type of reinsurance contract, which the firm created in collaboration with global reinsurance broker Gallagher Re and catastrophe modeling firm Karen Clark …

People Moves: AIG Asia Pacific Appoints BHSI’s Colahan as Regional President; Gallagher Re Hires McMillan From Siemens as Renewable Energy Practice Leader

This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia Pacific American International Group Inc. announced that Chris …

People Moves: Generali GC&C France Promotes 2 Execs; Gallagher Securities Hires Zanelli as EVP, N. America; Mosaic Names Bakhshi CFO, Haque for Capital Solutions

This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C), Gallagher Re and Mosaic Insurance. A summary of these new hires follows here. Generali Global Corporate & Commercial France Promotes 2 Execs Generali Global Corporate …

Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re

Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing for commercial lines and reinsurance business, according to Gallagher Re. However, the strongest FY 2022 increase of 16.7%-plus came from …

Arthur J. Gallagher & Co. Acquires UK’s Bay Risk Services From Optio

Arthur J. Gallagher & Co. announced its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Ltd., a member of the Optio Group. Terms of the transaction were not disclosed. Founded in 2016 as …

Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points

Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher attachment points, according to Gallagher Re. “The topic of primary versus secondary perils …