AJ Gallagher
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The new team is one of several the broker has set up in the past 18 months. -
Some reinsurers could be heading into 2024 with spare capacity, the reinsurance leader said.
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The broker said over-placement on some deals was a positive sign for brokers, though reinsurance capacity is still very tight in some areas.
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Kevin Doyle joined RPS over five years ago as VP for the Western region, and in 2021 he was promoted to P&C Chicago area president.
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The Insurance Insider US news team runs you through some of the key M&A intelligence from the past week.
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Hansen’s role will be effective after a transition period with departing COO Chris Brook.
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Insurance Insider US’s morning summary of the key stories to get you up to speed fast.
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The broker said dynamics were dependent on full-year results, after years of poor returns.
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The senior retro/specialty broker spent 26 years at Willis Re, which was acquired by Gallagher in 2021.
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Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
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The transaction follows the acquisition of Candence Insurance for over $900mn and Eastern Insurance for $510mn.
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Increased private investments by (re)insurers have been a “theme of the year” according to Johnston, who described the year as “one of consistency.”
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