May 2025
Gallagher today announces a new product line within its Evolve placement strategy; the multi-line portfolio tracker solution which unlocks seamless follow-form capacity for Gallagher clients.
Backed by capacity from a number of Lloyd's syndicates the new Evolve power facility now offers automatic, immediate and bespoke coverage for Conventional Power clients on a worldwide basis. Evolve, which was launched in February this year, additionally offers coverage for a broad range of industries and geographies across a number of classes of business including US and international property, casualty, accident & health and bloodstock & aquaculture.
Evolve is powered by InsurX's smart follow technology. Gallagher's brokers can now get quotes from insurer partners in minutes with a single email so they can get even better results for their clients. The insurer partners have a precise understanding of every risk traded with InsurX's technology so they can support Gallagher's clients with confidence.
Jon Parker, Chairman of Power, Gallagher said: "The new Evolve Power facility is great for our clients as it provides a streamlined solution for placement of follow lines and gives access to accretive Lloyd's capacity not available in the open market.
"As long as the risks meet a simple set of acceptance criteria, Evolve will unlock additional automatic follow capacity, allowing our brokers to focus on driving the best deal on open market lines for our power clients.
"Evolve provides significant benefits to Gallagher clients and provides a platform for further growth for both Gallagher and the insurers involved, and we are excited to bring the ensuing benefits of this partnership to our Power clients."
