AJ Gallagher
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Jason Bolding adds to the growing team recently joined by Alexandre Delacroix and Keshav Gupta. -
How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
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Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.
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The Gallagher Research Centre will be led by Tina Thomson as global head of research.
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The broker found reinsurers’ underlying RoE had improved during the period but still fell short of the cost of capital.
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The former Gallagher Re broker is the second departure from the firm in Bermuda since the Willis Re sale.
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Former Natixis banker Alexandre Delacroix will focus on a range of capital market activities.
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The broker said EPS estimates for 2023 were broadly flat due to inflation fears.
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The private deal was shelved due to investor questions over aspects of the deal, and the wider macro environment.
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Gupta moves from Axis Capital where he served for four years in the New York team.
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Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.
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Rate increases are now universal in the property cat markets, the Gallagher Re executive said.
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