Gallagher Re is continuing to build out its facultative reinsurance platform with the addition of two professionals to its US property team, as the broader reinsurance market shifts decisively in favor of buyers.
Kevin Ingram (pictured above, left) has been appointed vice president and Lauren Mathis (pictured above, right) associate vice president. Both joined in February 2026.
The hires come as the global facultative reinsurance market enters what Gallagher Re's own market report describes as "a softer phase," driven by abundant capital, expanding appetite, and improved technical results.
In the US and Canada, average property facultative rates fell by 25% to 30% at the January 2026 renewals, with even loss-affected accounts seeing double-digit reductions. Moody's has characterized the current pricing environment as the steepest decline in over a decade.
Yet underlying risk continues to mount. Swiss Re estimates global insured losses reached $107 billion in 2025 with the US accounting for 83% of the total. That tension between softening rates and escalating exposures has made facultative placements an increasingly important tool for insurers looking to manage net retentions.
Gallagher Re's 1st View report projects total dedicated reinsurance capital at $838 billion by year-end 2025, with traditional capital up about 8% to $710 billion and alternative capital rising roughly 12% to $128 billion
Global CEO Tom Wakefield has said the firm's top priority is "working with our clients to tailor their reinsurance buying strategies at a moment of abundant capacity."
The appointments are the latest in a series of moves by Gallagher Re to strengthen its global facultative business. In July last year, the firm created the role of CEO of global facultative reinsurance and appointed former Aon executive Pablo Muñoz, who leads a network of specialists across London, Singapore, Sydney, New York, and the Middle East.
In December, Gallagher Re launched a dedicated captives risk transfer team within the same unit, led by Martin Hughes as executive vice president.
Ingram brings more than 20 years of experience spanning underwriting and broking. He joins from McGill and Partners, where he served as partner in the facultative reinsurance division until June 2025. He previously spent over 16 years at Everest Reinsurance in domestic and international property underwriting roles.
Mathis, who holds a CPCU designation, joins from Guy Carpenter, where she most recently served as assistant vice president. She previously worked as an associate property broker at Aon and holds a degree in risk management and insurance from the University of Georgia.
