AJ Gallagher

Discussing froth in the MGA M&A market, the RPS CEO said the first rule of doing deals was that “you can never pay enough for a good one, or pay little enough for a bad one”.

The transaction was cleared in five out of six jurisdictions – including by US antitrust authorities – and is only pending UK regulatory approval.

Brokerage margins contracted slightly, as the savings achieved during economic lockdowns reversed.

Richardson said that 50% to 70% of claims filed from returning government contractors will be PTSD claims.

The executive has worked for Willis, Guy Carpenter and Integro.

Jensen’s team will continue operating in Taupo, New Zealand under the leadership of Gallagher’s Crombie Lockwood CEO.

With the transactions, the broker will expand its operations in the commercial P&C and trucking segments.

The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.

AJ Gallagher expands into the wholesale commercial surety bonds business with its buyout of Little Rock-based Alpha Surety.

Carriers may reconsider perceptions on property claims arising from violence, fire and water damage, after data on claims costs and causes was published in a report by AJ Gallagher.

Without any major catalysts, the short interest for the industry was muted, with movement centering around InsurTechs once again.

AJ Gallagher will offer agricultural insurance coverage to clients in Louisiana, Arkansas, and Mississippi.