AJ Gallagher
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon. -
Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Success in the soft market will be had when careful preparation meets opportunity.
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Tompkins Insurance is a subsidiary of Tompkins Financial Corporation.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Gallagher said that the firm is ready to engage in large deals again after the acquisition of AP.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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Sources said that the executive will join the reinsurance brokerage next year, after his garden leave expires.
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Bonnet has spent more than four years at WTW in increasingly senior roles.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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Though wildfire losses are up, total losses are the lowest since 2015.
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Shared and layered accounts are seen as reaping the biggest benefits.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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The executive will officially start in mid-November.
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Lockton Re has predicted major growth in the global cyber insurance market.
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The deal’s benefits headlined AJG’s investor day presentation.
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The practice group will enhance the company’s existing offerings in E&S.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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The risk of cyber incidents that cause physical damage is also rising.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The executive left Lockton Re in June after almost six years.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Succession, heavyweight M&A and expanding beyond its core will all test the broker.
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The broker has emerged as the emphatic winner of the supercycle, but new tests are coming.
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The US accounted for 92% of all global insured losses for the period.
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Apax and Carlyle will continue to back the broker consolidator.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The soft market continued through H1 2025, especially on shared programs.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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He joined RPS in 1999 after a year-long stint as regional manager of Executive Risk.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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Q1 was the ninth consecutive quarter of below-average deal volume.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The firm also reported it paid $82.8mn for Brazilian brokerage Case Group.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The Insurance Insider US news team runs you through the earnings results for the day.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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Technical pricing is insufficient in some areas and inflation is biting into margins.
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The deal had HSR approval and was waiting on approval from the UK.
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The book of business comprises both personal and commercial lines.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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The executive was most recently chief revenue officer at Aon.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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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.
