AJ Gallagher
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Succession, heavyweight M&A and expanding beyond its core will all test the broker. -
The broker has emerged as the emphatic winner of the supercycle, but new tests are coming.
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The US accounted for 92% of all global insured losses for the period.
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Apax and Carlyle will continue to back the broker consolidator.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The soft market continued through H1 2025, especially on shared programs.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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He joined RPS in 1999 after a year-long stint as regional manager of Executive Risk.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
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