S&P 5007,785.76▼0.2% Nasdaq26,729.16▼0.3% Dow53,732.41▼0.2% Russell 2K3,068.42▲0.5% 10-Yr4.70%+6bp VIX14.25−0.38 WTI$82.40▲1.4% Gold$4,432.00▲1.6% EUR/USD1.157▲0.4% BTC$64,319▼0.6% Nikkei68,309▲1.2%
At close · Fri, Aug 14, 2026
Daily Market Updates.

Insurance

HomeInsuranceReinsuranceGallagher Re creates Digital Risk Practice with new le…

Gallagher Re creates Digital Risk Practice with new leadership roles

The new unit is intended to expand Gallagher Re’s cyber capabilities and help translate AI and digital dependency exposures into underwriting and capital insights.

Gallagher Re has launched a Digital Risk Practice within its global reinsurance broking and advisory business, bringing together expertise spanning AI liability, data centres, cyber, and digital risk engineering. The firm says the practice is meant to help insurers and reinsurers understand, quantify, and manage technology-related risks as they evolve.

Gallagher Re appointed Ian Newman as Global Head of Digital Risk, while also keeping his existing role as Global Head of Cyber. The company also named Freddie Scarratt as AI Liability Lead in addition to his current role as Global Deputy Head of InsurTech, and Luca Drane as Data Centers Lead.

According to Gallagher Re, the practice expands its market-leading cyber capabilities and creates a dedicated platform to address the growing impact of AI, digital dependency, and technology-driven accumulation risk across insurance portfolios. The firm said it will work across its Global Products and Practices platform, reflecting how digital risk is affecting property, casualty, and other specialty lines.

Gallagher Re said its approach is designed to help clients translate complex technology exposures into actionable underwriting, accumulation, and capital insights. In comments shared by the firm, Ian Newman said clients and markets are increasingly seeking guidance on the implications of AI and digital dependency beyond cyber, and that the new practice is focused on clarifying where digital exposure exists and how reinsurance can support growth and resilience.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.