SEADRIF selects Gallagher Re as broker

Gallagher Re will provide SEADRIF products and business advise.

Gallagher Re, a reinsurance broking and advisory firm, has been chosen to provide reinsurance broking and risk advisory services to the SEADRIF Insurance Company. 

This includes placing reinsurance in international markets and offering strategic advice for product improvements and business development.

“As the sovereign catastrophe risk pool set up to serve the ASEAN + 3 region, we aim to be a center of excellence for climate and disaster risk finance, enabling the efficient flow of international expertise, solutions, and capital to the region,” Ellen Yong, Chief Operating and Financial Officer of the SEADRIF Insurance Company, said in a press release.

“We value the global experience of Gallagher Re in supporting public and private risk transfer programs and their track record of partnering with regional risk pools. Through this partnership, SEADRIF hopes to leverage Gallagher Re’s expertise and achieve its growth ambitions to help strengthen the financial resilience of our member countries.” Yong added.