AJ Gallagher
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The Insurance Insider US news team runs you through this week’s key agency M&A. -
The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
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Gallagher already has HSR approval for the $1.2bn Woodruff Sawyer acquisition.
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Dickerson has spent over three years at the reinsurance broker.
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The company said it now expects the transaction to close in H2 2025.
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Competition for specialty reinsurance talent remains high.
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The California broker’s pro forma revenue for full year 2024 was $268mn.
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Gallagher paid out $1.7bn in 2024, additional to its costs for AssuredPartners.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
Related
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Frequency covers and attachment points focus of 1.1 talks: Gallagher Re
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AJ Gallagher completes AssuredPartners acquisition
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