AJ Gallagher

A “little flurry” of new capacity helped the mid-year renewals as reinsurers pushed to deploy at the last chance for 2023.

Reinsurers began relaxing limits on US property exclusions, but the lack of new start-ups points towards stability amid a more orderly market, the broker forecast.

The broker said increased reinsurance costs had not been passed onto customers.

Langley received the nod for her services to the financial services industry and public service.

Three key reports have unearthed issues around capital and lower return period loss figures that may need to be addressed for the cyber market’s maturation, as a pivotal 1 July renewal date approaches.

The broker said clients could save money, increase limits and buy extra coverage.

The Big Three reinsurance brokers face a number of factors that could challenge their supremacy.

Gallagher Re brings together its teams across EMEA to create a unified business unit ideally positioned for future growth and platform expansion.

Capital markets are "likely to become a key ingredient of a healthier and sustainable (re)insurance market".

Gallagher Re is looking to increase its presence in the North American large-account space, where it is underweight compared with rivals.

Kerton steps into the role vacated by Tom Wakefield, who is set to become global CEO of Gallagher Re in the coming weeks.

The outgoing CEO will now retire from the company rather than taking up a group carrier relationship role.