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Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re

Global reinsurance dedicated capital increases 5% to $805 billion in H12025: Gallagher Re

by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
Convex enters Lloyd’s with Syndicate 1984

Convex enters Lloyd’s with Syndicate 1984

by AIP Online Bureau | Feb 14, 2025 | International News, Non-Life, Reinsurance, Risk Management

Syndicate 1984 will be led by active underwriter, Jacqueline Wiffen, UK CUO for insurance at Convex, and has an initial target to underwrite £150m of gross written premium in 2025 London: Convex Group Limited (“Convex”), the international specialty insurer and...

Hemant Nagpal to head Gallagher Re’s APAC Analytics, Rohan Bhappu to join Howden Asia

by AIP Online Bureau | Dec 18, 2024 | Briefs, Intermediaries, Non-Life, Reinsurance, Risk Management, Technology

Gallagher Re has appointed  Hemant Nagpal, an insider, as its head of Analytics, Asia Pacific, with a focus on driving our analytics strategy for the region. Darren Murch will become deputy head of Analytics, Asia Pacific, working closely with Hemant to support the...
Central Europe flooding could cause billions in insurance losses, analysts say

Central Europe flooding could cause billions in insurance losses, analysts say

by AIP Online Bureau | Sep 19, 2024 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Technology

According to re/insurance broker Gallagher Re’s estimate, insured losses are likely to range between EUR 2.0 – 3.0 billion (USD 2.2 – 3.3 billion) The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to...

Jan1 Renewals: With abundant capital reinsurers get relief from price rise, says Gallagher Re

by AIP Online Bureau | Jan 3, 2024 | International News, Reinsurance

2024 looks to have provided a welcome return to more stability and predictability, allowing the expectations of all parties to be managed in a less rancorous fashion than 12 months ago London: According to reinsurance broker Gallagher Re, the Jan 1,2024 renewal season...
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