AJ Gallagher

The improvement was fuelled by an 8.3% growth in brokerage revenue to $1.3bn.

The attack follows an Inside P&C report that insurers are moving quickly to re-evaluate their ransomware underwriting criteria.

Gabe Mansky and Andrea Friedman will focus on Israeli-based corporations and banks and their US affiliates.

The excess casualty market has hardened as a result of ‘nuclear verdicts’, social inflation and prior-year loss deterioration.

Although Thursday's broker reports beat consensus expectations on most of the key performance metrics from the top to bottom line, the positive “surprises” were hardly surprising

The broker is forging ahead with new deals after a slowdown in transactions during Q2.

The broker highlighted that exposure declines were offset by rate increases, but lower claims activity pressured Gallagher Bassett’s revenues.

With world governments and corporations facing “marshmallow tests” in relation to their reactions to the ongoing pandemic, it increasingly looks like brokers may be getting their own.

The broker foresees price increases into 2022 and beyond.

The broker has contended that changes were unnecessary because it already has diversity policies in place.

The brokers' Q1 comments reinforce the tough trade-offs facing insurance intermediaries following the solid Q1 results but dim 2020 outlook.

In its Plane Talking report the broker said insurers are still focused on long-term rate adequacy.