Results
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The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
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This was offset by a $108mn reserve charge for years 2021 and prior.
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The carrier has completed its 2024-25 reinsurance renewal.
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The carrier is also targeting E&S growth in property brokerage and global specialty.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The broker announced yesterday it had completed its $13bn acquisition of NFP.
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Gallagher expects "little impact" from the FTC’s non-compete ban on the firm’s M&A strategy.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive said expansion was driven by retention and new business.
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CEO Carl Hess hailed a “solid” first quarter of results.
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There is a high likelihood the property claim will be subrogated.
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The CEO said Q1 was “one of the best quarters” for casualty pricing.
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