James Vickers News

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 …

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 …

Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re

Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said on Thursday, as ransomware attacks increase in number and severity. A ransomware attack on Colonial Pipeline in May shut the …

Suez Blockage Claims Expected to Hike Marine Reinsurance Rates, Says Willis Re

The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters. Formal investigations began this week into how …

Blockchain Industry Initiative, B3i, Expands with 23 New Broker, Re/Insurer Entrants

The Blockchain Insurance Industry Initiative B3i announced it has expanded with 23 new brokers and re/insurers entrants, which will help with B3i’s upcoming market testing program. B3i’s new entrants are: AIA, AIG, Aon, Chubb, CovĂ©a, Everest Re, Gen Re, Guy …

Reinsurance Execs See Market Adjusting to New Realities

Aon Benfield’s Reinsurance Market Analysis describes the participants as having “reached the end of a 15 year journey, featuring chronological stages of alternative capital’s significance, completion and finally disruption.” From the interviews with two reinsurance industry executives that seems to …

Encode Disaster Resilience in the Global Financial System: Willis Re Chairman

“Disaster resilience should be encoded into the global financial system,” said James Vickers, Chairman of Willis Re International, in an interview at the Reinsurance Rendezvous in Monte Carlo. “It’s a big opportunity for the insurance industry.” Vickers was addressing the …

Part II – Reinsurance: Emerging Markets and Risks – the Road Ahead

As detailed in Part I, the reinsurance industry faces the task of partially reinventing itself to expand in those sectors where it can achieve growth. Property catastrophe coverage isn’t off the table, but it’s now an overcrowded field. Ever more …