October 27, 2026
In this interview in Reinsurance News, Tony Gallagher, CEO, Asia Pacific, explains how clients in the region are seeking holistic solutions centered around strong partnerships and the need to generate returns for shareholders.
“There are a lot of discussions around retention levels. And in our part of the world, covers such as aggregates are used to protect their earnings and capital events,” Tony explained. “In Asia, this year, there’s been a continual frequency of events, whether that’s flood, earthquake to some degree, typhoons, and the majority of these are retained.”
Tony goes on to describe the APAC reinsurance market as multi-dimensional, with cycles within cycles.
“What I mean by that is that you might have a hard market in one place, in a way that Thailand was a hard market last year, after the earthquake just before the renewal,” he said. “So, there are markets within markets, which is around the results of that particular country or territory or portfolio.”