AJ Gallagher
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Incoming Gallagher Re CEO Tom Wakefield will also report to EMEA CEO Matson, who gets an expanded role.
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Global reinsurers also reported a slight deterioration of their combined ratios in 2022, with the average for the year being 95.7% compared with 94.7% in 2021.
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Inside P&C takes a deep dive into public brokers’ M&A activity in 2022 as Q4 earnings season comes to an end.
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The specialty leader had worked at recent acquisition Willis Re since 1998.
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The company is “not seeing any meaningful economic slowdown” within its data.
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The executive will be charged with unifying carrier engagement and bringing together Gallagher’s offerings.
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The appointments aim to provide clients with a product-agnostic view on accessing capital in a capacity-constrained market.
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The acquisitive broker booked $35.6mn of cash paid in the deal, along with a $106.9mn earnout payable, according to its 2022 10-K filed today with the SEC.
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Based in Stamford, Connecticut, she will work to align Gallagher Re’s extensive resources with the needs of MGAs.
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For InsurTechs, the most significant feature of 2022 is that the narrative around ‘disruption’ seems to be “truly over”, Gallagher Re said.
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The intermediary tallied $360bn in economic losses worldwide.
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