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EGPI growth at the carrier’s Alternative Solutions unit jumped 29.6%. -
Non-proportional business accounted for 34% of its total.
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The reinsurance attaches at $7bn, unchanged for the past two years.
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The carrier said reinsurance was a key component of its “low-volatility strategy”.
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Cat bonds were a key supply-side driver at 1 January 2025.
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The broker anticipates strengthening investor demand for collateralised re.
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Investment in the space comes mainly from the cat bond market, Gallagher Re said.
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Over-subscriptions have been evident on well-priced US cat treaties.
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Increased reinsurance capacity was more than sufficient to meet continued growth in global demand.
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The broker estimated ILS capital has reached $107bn.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The firm said it benefited from favourable retro market conditions.
