AJ Gallagher
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The broker will be based in Oslo and drive expansion in the Nordic region. -
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 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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Large losses and attrition put pressure on aviation underwriters.
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Langley said the London market could benefit from boosting its image at home and abroad.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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Gallagher Re’s global head of retrospective solutions, James Dickerson, recently exited.
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The 1 April renewals are the key date for Japanese treaty.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Michael Pickel retired from Hannover Re last year after 25 years with the reinsurer.
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