Kane Wells

Gallagher has created a European head of carrier management role to oversee insurer partnerships as it expands in the region, with Harald Köberich, who joined via the 2024 acquisition of Germany-based Köberich Financial Lines, taking on the role alongside leading its European specialist division. Köberich has over 20 years of insurance industry experience.

Final lines for Florida Citizens Property Insurance Corporation’s 2026 risk transfer program reveal that insurance-linked securities (ILS), catastrophe bonds and collateralised markets continue to dominate the insurer’s protection purchases, with identifiable third-party capital backing more than half of the traditional reinsurance placement and almost 90% of the overall tower.

Moody’s has suggested the global insurance protection gap is widening as economic growth shifts toward underinsured emerging markets, where insurance penetration remains low, and catastrophe losses are increasingly going uninsured. According to the firm’s report, the protection gap is typically wider in developing economies, where insurance penetration remains low due to limited availability and affordability constraints.