Gallagher launches InsurX powered smart follow cross-class facility for LatAm facultative reinsurance

Gallagher, the global insurance and reinsurance broking group, has launched a new smart follow cross-class tacker facility called Galaxy, powered by InsurX and backed by Canopius, Munich Re, and others, it has been developed to connect facultative capacity from the London market with clients in Latin America.

Galaxy builds on Evolve, which the broker expanded earlier this year with new power risks.

The new facility offers clients a “streamlined, technology-driven approach to facultative reinsurance placement across multiple classes,” and supports placements in property, terrorism, energy, construction, and utilities.

Backed by global re/insurers, Galaxy is now live in Brazil, Colombia, Chile, Peru, Ecuador, Paraguay, and Bolivia.

Like the Evolve facility, the Latin America smart follow cross-class tacker is powered by InsurX’s smart follow technology, and enables brokers at Gallagher to place follow-form capacity with unparalleled speed, transparency, and precision, according to the firm.

Galaxy enables underwriters to both view and understand every risk traded in real time, enabling improved data-backed decision-making as well as instant quote capabilities.

“The Evolve facility on which Galaxy is based has proved highly successful since its launch for our global client base here in London, and we are thrilled to bring the concept to clients further afield,” said Emily Stanford, Gallagher Executive Director. “Galaxy gives our LatAm brokers and clients access to London market Lloyd’s capacity via a streamlined and efficient process and unlocks seamless follow-form capacity for our clients as long as the risks meet a simple set of acceptance criteria.”

Gilbert Harrap, CEO of InsurX, added: “We’re delighted to see Gallagher extending smart follow technology into new markets with the launch of Galaxy. This is proven, established technology that delivers faster responses, smarter capacity matching, and better outcomes for clients worldwide. that continues to create huge efficiencies for brokers, underwriters, and clients alike.

“Their expansion into Latin America demonstrates the scalability of smart follow and its ability to enhance cross-border collaboration, streamline underwriting, and create real, measurable value across the insurance chain.”