Gallagher Re
Gallagher Re is one of the world's largest reinsurance brokers and advisory firms, operating across the risk and capital spectrum and is part of the Gallagher group. Originally founded in 2013 as the co-venture ‘Capsicum Re’ with Gallagher, the business grew rapidly and became wholly owned by Gallagher in 2020. In December 2021, the transformational acquisition of Willis Re was completed, making Gallagher Re the world’s 3rd largest reinsurance broker with a team of over 2,400 colleagues trading from more than 70 offices across 31 countries including all the key global reinsurance hubs of North America, Europe, and Asia.
See below for the Latest Gallagher Re News, Analysis, Profit Results, Share Price Information, and Commentary.
Reinsurance rethinks cyber tail losses as market hits $16b
Reinsurance rethinks cyber tail losses as market hits $16b
Global gross written premiums climbed from around $8b in 2020.
1 day ago
Half of firms flag AI errors as insurers lag coverage
The report finds liability often falls on companies deploying tools, not developers.
2 days ago
Philippine insurers trapped by price tariffs as disaster risks escalate
Non-life combined ratios surged to 95.4% as operational costs and disaster risks mount.
6 days ago
New Zealand insurers recover profits as premiums surge 8.6%
The sector posted $7.8b in total premiums in 2024 after steep repricing.
This week in insurance: New partnerships roll out, hiring outlook steady, and tech spending ramps up
Etiqa Insurance Singapore and AIA Singapore have also partnered for takaful solutions.
AI risks rise as 43% of firms lack formal frameworks: Gallagher Re
Gallagher Re found just 44% had completed structured impact reviews.
Why reinsurers shift focus as annuity deals lose appeal
New annuity flows became more attractive as consumer demand strengthened.
How can Asia-Pacific reinsurers tackle rising disaster losses?
They still posted steady growth over the past five years.
Malaysia flood cover drops to 0.25% as hazard risk intensifies
Insurers warn exposure may now be scaling faster than premium income.
Japan motor cover buckles as 60% loss ratio erodes margins: Gallagher Re
Motor lines account for around 47% of gross written premiums, amplifying the 2024 deterioration.
Can Indonesian insurers sustain 20% to 40% growth targets?
The non-life insurance market slowed significantly in 2024 with GWP rising 6%.
India insurance market to rank sixth globally
The government is also moving towards allowing 100% foreign ownership in insurance.
How stable is Hong Kong’s insurance market?
Hong Kong saw $13.1b (HK$100.5b) in general insurance gross premiums for 2024.
China’s non-life insurance market shifts focus toward specialty lines in 2024
Motor insurance remains the largest segment at about 54% of premiums.
Australia’s non-life insurers sustain profit with firm reinsurance terms
The sector also remains dominated by IAG, Suncorp, QBE and Allianz.
Property and health lines drive Asia’s insurance growth trends
Property insurance remains a major segment in Singapore.
Why APAC insurance growth is losing momentum this year
Insurers are being urged to balance growth with capital discipline.
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1. Malaysia finance firms see AI ambitions falter as legacy systems block progress 2. Asia and European insurers lead as US peers lose $226b in market cap 3. Tokio Marine completes $1.8b share disposal to Berkshire unit 4. Hong Kong reviews medical insurance on affordability concerns 5. CEO says Malaysian insurers face uninsurable risks as compliance focus growsResource Center
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