AJ Gallagher
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The broker said the IRA is not expected to have a materially adverse impact on its ability to utilize tax credit carryforwards, according to SEC filings. -
Inside P&C’s news team runs you through the key highlights of the week.
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Deal flow for InsurTech funding dropped by 7.7% in the quarter, while the average deal size rose by 18% to $22mn.
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The broker noted that a few market sectors such as life sciences will see healthy decreases, often around 20%, along with improved retentions and coverage.
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The complaint was filed yesterday in Illinois and judge Martha Pacold is overseeing the case.
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Kelli Morash is joining a newly established North America vertical and will be tasked with driving new business.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company suggested a higher outlook than June, saying the rate environment in Q2 was looking better than the previous quarter.
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The company recorded a 10.8% increase in organic revenues at its brokerage division, climbing from 9.6% in Q1, and well up on 6.8% in the prior-year quarter.
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While brokers continue to report positive earnings, the possibility of a downturn shouldn’t be discounted.
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Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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