AJ Gallagher

Negotiations were dragged out by decisions being referred for sign-off at senior levels.

Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.

The broker reiterated M&A’s importance during its quarterly investor day, and predicted favorable results for Q4 and 2022.

Off the back of pricing increases across nearly all lines, AJ Gallagher is seeing steady organic growth during the final quarter of 2021.

The state-backed carrier had contracted with Guy Carpenter as its reinsurance broker for 2021.

Inside P&C’S news team runs you quickly through the key developments from the last week.

Renewables specialist Stefan Szulc recruited from NFP to Gallagher’s help grow energy practice.

In an interview, the new Gallagher Re CEO noted that his former company had been weighed down by nearly two years of uncertainty, telling this publication: “That stops today.”

The group CEO also observed that the Big Three reinsurance brokers do have a competitive moat based on their scale.

The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.

Real Estate Insurance has provided real estate E&O insurance and cyber liability products across 32 states in the US.

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.