AJ Gallagher
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The hull war market is also looking to target premiums in excess of $500mn, up from the $180mn it achieved in 2021. -
The executive will be responsible for leading RPS Signature Programs to deliver admitted and non-admitted proprietary programs for niche markets.
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The unit is led by marine veteran Ricardo Castro, who joined the firm from Marsh and has over four decades of experience in the industry.
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According to court documents, eight of the broker’s former employees departed for the InsurTech’s new Boston office over a two-week period.
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Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.
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The executive will relocate from London to head the North America team of cyber brokers and actuaries.
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The broker found reinsurers’ underlying RoE had improved during the period but still fell short of the cost of capital.
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The broker said EPS estimates for 2023 were broadly flat due to inflation fears.
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The broker said Ukraine will fall into a deep recession this year following Russia’s invasion.
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Sources said that Gallagher is in the process of obtaining both retail and reinsurance licenses in the South American country.
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The InsurTech called the broker a “serial litigant”, notorious for enforcing restrictive covenants to former employees.
Related
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AJ Gallagher completes AssuredPartners acquisition
August 18, 2025 -
Agency deal roundup: USI, Lockton, Gallagher and Higginbotham
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