Gallagher Re

Please join us in saying congratulations to Terry Calthorpe, Operations Director, for receiving the ACORD Community Leadership Award. This award is presented to individuals who demonstrate leadership in the areas of standards development, advocacy, volunteerism, and implementation. Gina Butterworth, Global Transformation Director at Gallagher Re said “Terry is a key member of our ACORD and BP2 implementation approach. He has extensive knowledge of market initiatives, benefits and issues, making him a real asset to our organisation. This award is very much deserved". Well done again Terry, keep up the good work.

The Cayman Islands has been making a determined play for U.S. life reinsurance business in recent years and based on latest regulatory filings, its estimated to have captured 10% of the offshore U.S. life reinsurance market.   However, Cayman's growing significance has been attracting some attention.   Learn more: https://lnkd.in/erJRCs7H

As we close another year, we thank you for your continued confidence in us – Seasons greetings from Gallagher Re.

Gallagher Re Chairman, Paddy Jago, joins The Insurance Podcast Show at the NICC - National Insurance Conference of Canada to discuss the reinsurance landscape, reflecting on 2024 and exploring the opportunities and challenges that lie ahead in 2025.

We are pleased to share our NAIC Climate Scenario Analysis Requirement briefing. This article outlines the NAIC’s newly finalized climate-adjusted reporting requirement and the potential impacts on the (re)insurance industry. This disclosure takes the form of the RCAT Catastrophe Risk Charge but requires additional modeling of material hurricane and/or wildfire PMLs. Learn how Gallagher Re’s analytic teams have supported clients in developing an internal view of risk for the NAIC’s summer pilot program and how our tailored approach is posted to help for the 2024YE initial filing deadline. Read the full article: https://lnkd.in/g2gqRzvc

We are pleased to share some exciting leadership changes within our Analytics team in Asia Pacific.   As of January 2025, Hemant Nagpal will be taking up the role of Head of Analytics, Asia Pacific, with a focus on driving our analytics strategy for the region.   At the same time, Darren Murch will become Deputy Head of Analytics, Asia Pacific, working closely with Hemant to support the continued success of the team.   Please join us in congratulating Hemant and Darren on their new roles.

Our CEO Tom Wakefield will be kicking off the 2025 Reinsurance lecture season with the Insurance Institute of London. In the exclusive fireside chat Tom will delve into insights from Gallagher Re’s January 1st View report. As we approach the pivotal 1 January 2025 reinsurance renewals season, Tom will share his expert analysis, anecdotes, and expectations for the year ahead and attendees can look forward to a comprehensive analysis of current market conditions. Details: Wednesday 15th January 2025 13:00 - 14:00 Register here: https://lnkd.in/eZ5-uSDF

A key narrative at COP29 last month highlighted that 'climate change can only be tackled if climate finance and insurance are firmly on the agenda'. Antoine Bavandi shares his top three takeaways from Gallagher Re’s impactful session in Baku: https://lnkd.in/gnmDTzTn

We are proud to share that Madeleine Larke, Global Product Leader for Accident & Health, Specialty Lines, has been recognised twice in the Gracechurch ‘2024 London's Leading Brokers Report’.   Maddy has been identified as a leading broker in the Reinsurance sector, reflecting her expertise and commitment to excellence. Furthermore, she has been recognised as a successful female role model, in an industry that remains predominantly male-dominated.   When asked, Maddy said “I am very proud to be recognised as a leading broker in reinsurance. A big thank you to all who have supported me - my colleagues at Gallagher Re, clients and the broader reinsurance community. I look forward to continuing to work with you all for many years to come".    Please join us in congratulating Maddy for this achievement, and we look forward to witnessing her continued success.

This week, some of our catastrophe risk and climate specialists will be at the 2024 AGU Annual Meeting. Many of our academic partners will also be attending. Session topics will range from earthquake and hurricane risk to contingent business interruption, European windstorms, and cold air outbreaks, with sessions authored or co-authored by Gallagher Re specialists including Iain Willis, Mona Hemmati, Ph.D. Steve Bowen, Prasad Gunturi, and Christopher Allen, DPhil CCRA. We hope to see some of you there.