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What does the bustling insurance industry of today have in common with the coffee shops of the seventeenth century? -
Insurance share prices were resilient amid today’s market meltdown.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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The specialty MGA has been pursuing an M&A strategy in recent months.
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Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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CEO responsibilities will be shared by Chris Newman and Tanya Krochta.
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Gallagher Re’s global head of retrospective solutions, James Dickerson, recently exited.
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Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.
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The facility will provide capacity from a tracker unit, as well as quotes using Ki technology.
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Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
