AJ Gallagher
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The latest Plane Talking report also highlights that The Hartford and Inigo are finalising preparations to enter the airline market.
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The competition regulator’s investigation looks to be a procedural matter that will allow the Willis Re saga to conclude.
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The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.
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AJ Gallagher said it bought Grand Cayman-based Briat Insurance for an undisclosed sum.
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The two brokers have also agreed to non-solicitation clauses in their new deal.
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The executive also praised Willis Re's management team for pushing for the best outcome for clients.
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The broker has explained the rationale for its $3.25bn acquisition of Willis Re on an investor call.
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As earnings season draws to a close, insurers continue to post strong profits following sustained market correction.
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After the collapse of the Aon-Willis merger, Gallagher has successfully resurrected the deal that will catapult its reinsurance operation into the big league.
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The broker said ESG pressure was attracting capacity away from fossil fuels to renewables.
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Hughes will assume the role of a consultant within the practice, responsible for supporting client-facing teams with legal input to complex insurance coverage, claims and contract issues.
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AJ Gallagher is on the cusp of a deal to acquire Willis Re, and the transaction is likely to be announced imminently, this publication can reveal.
