AJ Gallagher
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Australian pricing ‘approaching distressed levels’ after successive floods. -
Rate increases are now universal in the property cat markets, the Gallagher Re executive said.
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Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
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The new recruit has worked for Argo, Allianz and the European Space Agency.
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An abundance of capacity is leading to price reductions in the downstream sector.
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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 currently has $4bn from its cash flow and incremental borrowing to fund M&A activity without using stock over 2022 and 2023.
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On the property side, the costs for rebuilding a structure continue to climb and could prove to be prohibitive.
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Pressure to grow portfolios may ‘put the brakes’ on premium growth, despite pricing adequacy concerns.
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he broker’s analysis found rate increases and lower cat experience contributed to strong underwriting results.
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Rising investment yields may not keep pace with increasing claims costs, the broker said.
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Inside P&C’s news team canters through the week’s key developments.
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