2026-08-19 · Source: Insurance Business UK
Summary in 3 Points • Gallagher Re launched a digital risk practice to address AI and digital dependency risks • Ian Newman leads the new unit, with Freddie Scarratt and Luca Drane in key roles • The practice aims to help clients understand technology exposures in underwriting and capital insights --- Gallagher Re has established a digital risk practice to consolidate AI liability, data centres, cyber, and digital risk engineering into one advisory function. This initiative, led by Ian Newman, aims to address the growing issue of technology-driven accumulation exposures that affect multiple insurance lines simultaneously. Freddie Scarratt and Luca Drane have been appointed to lead AI liability and data centres, respectively. The practice is designed to help clients translate technology exposures into underwriting, accumulation, and capital insights. It reflects the market's need to address risk concentrations created by digital dependency, which can impact cyber policies, property portfolios, business interruption cover, and casualty placements concurrently.
The establishment of Gallagher Re's digital risk practice could significantly impact the London Market by reshaping how underwriters assess and price risks associated with AI and digital dependencies. As technology-driven accumulation exposures cut across multiple lines, there may be a need for more integrated policy wordings and innovative coverage solutions. This could lead to increased demand for reinsurance products that address the aggregation risks posed by AI and digital infrastructure. Additionally, the London Market may see opportunities to develop new products that cater to the evolving needs of clients seeking protection against AI-related risks.