Psychological shift has driven over-subscriptions: Gallagher Re’s Wakefield
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
  • Free trial
  • Log in

Psychological shift has driven over-subscriptions: Gallagher Re’s Wakefield

Fiona Robertson, 
Rachel Dalton
January 02, 2024
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
Tom Wakefield_Gallagher_2021.jpg

Gallagher Re CEO Tom Wakefield has said that over-subscriptions on cat reinsurance programmes have been driven by a psychological shift among reinsurers, with the potential for sign-downs to leave excess capacity in the market in 2024.

“[Reinsurers] always had the capital but they didn’t have the appetite for the volatility,” he said, referring to market dynamics a year ago.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

Property AJ Gallagher News
fiona robertson/fiona robertson ii us.png
Fiona Robertson
Editor, Insurance Insider
Contact
rachel dalton/rachel dalton ii us.png
Rachel Dalton
Lead Reporter
Contact
Gift this article