Gallagher Re acquires London market binder broker Bay Risk

06 March 2023

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Gallagher Re has acquired the business and assets of Bay Risk for an undisclosed sum, in a bid to deepen its delegated authority specialism.

London-based Lloyd’s broker Bay Risk specialises in structuring and placing contracts of delegated underwriting authority and, with its eight-strong team, manages gross written premiums (GWP) of $210mn.

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Gallagher Re acquires London market binder broker Bay Risk

Gallagher Re has acquired the business and assets of Bay Risk for an undisclosed sum, in a bid to deepen its delegated authority specialism.

Fuel a smarter strategy with our actionable market intelligence

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Gallagher Re acquires London market binder broker Bay Risk

Gallagher Re has acquired the business and assets of Bay Risk for an undisclosed sum, in a bid to deepen its delegated authority specialism.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM