AJ Gallagher

The broker opposes the city official’s proposal, arguing it already has sufficient measures in place.  

The broker has made six global aviation hires as the battle for staff in the market continues.

Brokers fired on all cylinders as the group outpaced historical averages on all key performance metrics, largely driven by P&C operations, but the sailing has not been equally smooth for everyone.

Mid-year M&A including the aviation deal increased the broker’s margin by about 50 bps.

The broker reported the same year-on-year organic growth figure of 5.8 percent, as EPS surged to $0.58.

Concerns have arisen over how payment may be split if the aircraft’s black box is not recovered.

The target had revenue of about $6mn in 2018.

The transaction, subject to further negotiations, would take the broker’s stake in the business to 100 percent.

The business will become part of Artex Risk Solutions, a unit that focuses on captive management and alternative risk transfer.

After two quarters of pouring cold water on price firming, brokers have changed their framing of the market in Q3.

The AJG CEO once again dismisses suggestions the market is "hard".

Brokers appear to be no longer resisting rate increases, but are focused on prepping clients for rate increases and training staff to sell those rate rises.