AJ Gallagher
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Frontier’s employees, including director and co-founder Peter Brodsky and CEO Derek Winch, will remain in their current roles. -
The broker’s half-year 2023 report said reinsurers’ RoE has surpassed the cost of capital for second year running.
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The latest loss estimate is little changed from those in the reinsurance broker’s pre-landfall report Tuesday and aligns with estimates from Moody’s RMS pegging Idalia as a $6.3bn loss event.
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Loss estimates from Aon, Gallagher Re, Swiss Re and Munich Re all point to a significant component of severe convective storm losses.
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WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.
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The loss tally comes in 39% above the average for the 21st century.
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The firm’s 1st View report on the July renewals also flagged that an oversupply of ILW capacity may bring down attachment points relative to early 2023.
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The AJ Gallagher-owned ILS services provider is expanding its footprint globally.
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The risk-modelling expert has served at RMS for almost 19 years after joining as a graduate trainee.
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In the first quarter of the year, the total global economic loss for all natural hazards was estimated at $77bn.
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Gallagher Re is now lead and sole broker for ARC, the Caribbean Catastrophe Risk Insurance Facility SPC (CCRIF SPC) and the Pacific Catastrophe Risk Insurance Company (PCRIC).
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Bart Zanelli will work within Gallagher Securities, specialising in capital raising and M&A.
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