AJ Gallagher
-
The ILS platform was transferred to Gallagher Re when it bought Willis Re last year.
-
Cyber reinsurance premiums may exceed those of property cat by 2040. -
-
In his new role, Alex Ntelekos will be responsible for supporting the growth of Gallagher Re’s public-private initiatives across the region.
-
Hvidsten had worked at Willis Re since 1997, before it was bought by Gallagher, and will continue to serve as a consultant to the firm.
-
Property cat rate increases this January were double those of last year and the highest since 2014.
-
Some programs had to be restructured as rates hardened and capacity flowed away from cat risk in some cases.
-
The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.
-
The watchdog had been due to announce a decision on a further inquiry by 29 November.
-
Theo Norris has joined Gallagher Re as a dedicated cyber ILS broker, moving from his Aon Securities role as acting ILS assistant vice president.
-
The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.
-
One market participant said the strategy was $250mn in size, but it is not known how much business it has so far written.
