AJ Gallagher
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The company said it now expects the transaction to close in H2 2025. -
Competition for specialty reinsurance talent remains high.
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The California broker’s pro forma revenue for full year 2024 was $268mn.
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Gallagher paid out $1.7bn in 2024, additional to its costs for AssuredPartners.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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AJ Gallagher expects to complete the $13.5bn acquisition of AssuredPartners in Q1.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Bradley was construction team leader for US casualty at WTW.
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The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added.
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The broker cautioned unresolved Russia-Ukraine claims remain a ‘Black Swan’
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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