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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn. -
Syndicate 1440 was approved to assume business incepting January 2026.
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The executive most recently served as head of North American treaty reinsurance.
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The executive has worked at RFIB, Benfield and Guy Carpenter during his 30-year career.
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The executive said claims can be a differentiator in a softening market.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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Donna Swillman is currently a senior underwriter at Axa XL.
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The ratings agency warned negative PYD on US casualty will likely continue.
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Signs of discipline indicate a “break” from past boom/bust market cycles.
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Some 32% of survey respondents expect property cat rates to fall by more than 7.5%.
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The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
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Strong CoRs and investment returns supported profitability in H1 2025.
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