AJ Gallagher
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Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025. -
The US accounted for 92% of all global insured losses for the period.
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Continued Apax and Carlyle support will give PIB time to differentiate its business.
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Apax and Carlyle will continue to back the broker consolidator.
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The availability of capacity remains the market’s key driver, the broker said.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The soft market continued through H1 2025, especially on shared programs.
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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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This publication revealed his exit from MS Re last month.
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