Published: Fri 8 Nov 2024

Heightened competition and cladding challenge to drive further PI softening into 2025: Gallagher Re

The professional indemnity market softened throughout 2024 and will continue to in 2025 amid fallout from the UK’s cladding scandal, according to Gallagher Re.

Reinsurance

Gallagher Re

Professional liability

Construction

Published: Fri 8 Nov 2024

Gallagher Re: Insurtech Q3 funding totals $1.38bn as AI investments gain momentum

Preliminary insured loss estimate for October Spanish floods at €1.5bn-€2.5bn: Gallagher Re

Heightened competition and cladding challenge to drive further PI softening into 2025: Gallagher Re

Want to read this article?

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

Ricky Lamey

Business development executive

Related articles:

Gallagher Re: Insurtech Q3 funding totals $1.38bn as AI investments gain momentum

Preliminary insured loss estimate for October Spanish floods at €1.5bn-€2.5bn: Gallagher Re

Asia protection gap remains high at 88% for 2024 to date: Gallagher Re

Asia Pacific to remain industry growth engine: Gallagher Re

Global Parametrics’ NDF leads Gallagher Re-placed Sahel drought cover for WFP

Gallagher Re places $30mn parametric cover to finance World Food Programme aid in the Sahel

Read more:

Everest Re names Davis global specialties head

Zywave panel: Vendor mapping systems and parametric approach remain key to tackling supply-chain events

Hippo cuts Q3 net loss by 84% to $8.5mn as closes in on Q4 profitability

Munich Re’s Dalton elected AIMU chair at November meeting

Inszone acquires California-based Springbrook Insurance Agency

At-Bay’s Iram urges shift to “third generation of cyber insurance”