November 10, 2026
In this video interview with Insurance Asia News, Marsh Re’s Tony Gallagher, CEO, Asia Pacific, discusses points to watch in the reinsurance marketplace heading into January 1 renewals.
“The market, in many ways, is uncertain. And I look at it from the perspective of geopolitical risk, from inflation, AI, business interruption values, natural perils,” Tony explained. “So, I think when you have uncertainty, can we create some certainty?
“From an insured perspective, the uncertainty exists around: do they have sufficient coverage to be able to make sure that they get back in the same position that they were, so they can continue their operations?”
Tony goes on to discuss whether insurers have provided sufficient limits or are retaining too much risk.
“When I talk about that, it’s around the natural perils, secondary perils,” he continued. “So, insurance companies question: am I happy with the retentions that I’ve got? Are the results working, or is there a better way to protect my risk?”
Regarding market conditions heading into January 1 renewals, Tony said he was “optimistic around the solutions” Marsh Re can provide.
“I think there’s a real demand that is growing, really from the insured through the insurance companies, around the coverage and providing that coverage to ensure that they’ve got good results in what is an uncertain environment,” Tony said.