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6 November 2025ReinsuranceAditi Mathur

‘Complexity’ is the market story – 1/1 hinges on structure, says Guy Carpenter’s Gallagher

In past renewal seasons, the industry talked about capital, growth and volatility. Tony Gallagher, Guy Carpenter’s CEO of the Asia-Pacific Region, still sees those as the core pillars shaping reinsurance – but this year, he argues, one word overshadows them all. And that’s “complexity”.

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