AJ Gallagher
-
AJ Gallagher had also shown an interest in acquiring the Australian retailer.
-
US SCS insured losses YTD already stood at around $12bn prior to these events.
-
This was Gallagher’s largest Q1 deal, followed by $66.6mn for Ericson Insurance.
-
Gallagher expects "little impact" from the FTC’s non-compete ban on the firm’s M&A strategy.
-
The Insurance Insider US news team runs you through the earnings results for the day.
-
US SCS accounted for nearly $11bn in global insured losses.
-
Insured loss for Q1 was 10% higher than the decadal average of $18bn.
-
The broker attributed increased capacity to improving profitability.
-
The market remains “delicately balanced” amid global conflicts and claims deterioration.
-
Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
-
Negotiations around US casualty and financial lines were more stressed.
-
There is more capacity in the market for long-term risks.
-
Concerns around casualty rate adequacy are growing, the executive said.
-
The talks are advanced, and the process is likely to move rapidly.
-
Driscoll and Lubert have been promoted to presidents.
-
Insurance Insider US examines public brokers’ 2023 M&A.
-
The vulnerability updates are the biggest driver of loss changes.
-
The 1 January treaty renewal was “far more orderly”.
-
The recruits join from Ardonagh, Guy Carpenter, Howden and Miller.
-
According to its 2023 10-K, Gallagher spent $3.74bn on M&A activity.
-
The probe concluded in Q4 last year, according to Gallagher’s 10-K.
-
Justin Ward will lead the firm’s production efforts in the expanding MGA market.
-
-
In Q3, RPS recorded 7% organic growth, marking a deceleration from 10% in Q2 and 8% in Q1.