Gallagher Re News
Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market: Gallagher Re
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an "all-time high," and those fears appear to be one driver of decision-making on property ...
Gallagher Re: US Leads InsurTech Investments, Funding Continues Healthy Climb
InsurTech funding increased nearly 38 percent from Q4 2022 to Q1 2023, from $1.01 billion to $1.39 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as ...
Reinsurers Average 12.1% Premium Growth for 2022: Gallagher Re
Reinsurers' premium growth averaged 12.1 percent for full-year 2022 and 10.2 percent for the fourth quarter, which was driven by improved pricing for commercial lines and ...
Gallagher Re: InsurTech Funding Falls to Lowest Quarterly Level Since 2020
At $1.01 billion, global InsurTech investment fell in the fourth quarter of 2022 to its lowest quarterly level since the first quarter of 2020 and declined 57.0% from the third quarter of 2022, ...
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 ...
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation
A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...
All The Latest Insurance Company Estimates: Hurricane Ian Losses (as of 10/20)
A recap of individual company estimates, net of reinsurance, summing to over $7.5 billion as if Oct. 20 is presented below. (Editor's Note: After the table was compiled, Munich Re disclosed its ...
Executives on the Move at Allstate, USAA, AGCS, Gallagher Re
Allstate has hired the chief technology officer of CVS Health, Zulfi Jeevanjee, into the newly created role of executive vice president and chief information officer. He will be responsible for all ...