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Gallagher Re
15 May 2024 A mere $5m in lead excess for high-hazard industry often requires multiple carriers: RPS
Latest Features
Insurance
Clients have done a lot to track and combat the inflationary pressure of claims on property insurance, with some using buying power to lower costs, says Dirk Spenner, managing director of Gallagher Re.
Insurance
There were sober and disciplined renewals in Asia-Pacific despite chaotic world events. After continually fighting fires since the COVID-19 pandemic hit, however, the key question may be how the market will respond to a period of calm.
Insurance
Renewals in the region were disciplined and perhaps even dull, but the diversity of the countries and differing lines means that drama is never far away. Capacity, as ever, is key, says an Intelligent Insurer panel.
Insurance
The cyber insurance market remains one of the fastest-growing lines of business for carriers—and it remains set to become as large as the P&C sector.
Insurance
There has been increasing litigation in the D&O market and the exit of some big players, leading to a hardening of rates. Gallagher managing director David Ritchie spoke to Intelligent Insurer about how pessimism in this space may be too soon.
Insurance
While perhaps the most fraught negotiations were over property cat during the 1/1 renewals in Europe, casualty and specialty lines also had their areas of contention. As with property, the outcomes for insurers varied widely, said an Intelligent Insurer panel.
Insurance
Plentiful capacity didn’t save cedants from rising rates, and reinsurers showed discipline at the 1/1 renewals. But cedants saw wildly different outcomes, an Intelligent Insurer panel heard.
Insurance
The D&O market has been a tough one in recent years. But are times changing? A Re/insurance Lounge panel debated the topic.
More News
22 April 2024 Capacity says rates must go down, unknown unknowns say rates could go anywhere.
17 April 2024 Harsh hurricane outlook ‘bears close watching’ on what is still ‘a difficult US market.’
10 April 2024 State insurer Citizens accounted for 2/3 of market's underwriting profit improvement.
9 April 2024 Reinsurers’ ROE comfortably exceeds the industry’s cost of capital, finds Gallagher Re.
9 April 2024 Carriers at a ‘saturation point’ for airlines have delivered ‘significant’ capacity for GA.
3 April 2024 The acquired firm manages property insurance programme for businesses in Florida.
2 April 2024 Mid-year renewals could turn the market if growth laggards play catch-up, Gallagher hints.
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