AJ Gallagher
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Further rate increases are anticipated through 2026. -
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The recruit is expected to take on a role at the WTW/Bain Capital start-up after sitting out a year of gardening leave.
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Gallagher’s $13.45bn deal for AssuredPartners was completed in August.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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He will join Gallagher as chief broking officer for EMEA transaction solutions.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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The energy broker’s career also includes a stint at Price Forbes.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
