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...
by AIP Online Bureau | Oct 9, 2023 | International News, Non-Life, Reinsurance
Recent geopolitical events and macro-economic conditions have driven demand and need for dynamic reinsurance solutions from both the public and private sectors, said Jonathan Allard added London: Global reinsurance broker Gallagher Re has this week appointed Jonathan...
by AIP Online Bureau | Jul 18, 2023 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
For all perils, the US accounted for 76% of all global insured losses. Thunderstorms in Europe during June also brought a billion-dollar insurance bill to parts of Germany and France “Governments and private organizations are accelerating their investments to help...
by AIP Online Bureau | Jul 3, 2023 | Intermediaries, International News, Non-Life, Reinsurance
Tom Wakefield, Global CEO Gallagher Re, said: “With the improved terms and conditions available in the reinsurance market, some existing reinsurers are leaning into the hardening market, committing more of their existing capital, as well as any new capital they are...
by AIP Online Bureau | Apr 19, 2023 | Disaster & Management, Intermediaries, International News, Non-Life, Reinsurance, Risk Management, Workplace/Employee Benefits
Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...
