AJ Gallagher
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The broker built out Lockton Re’s US casualty and professional lines treaty book. -
This publication revealed his exit from MS Re last month.
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Henk Bijl joins from Aon, where he has worked for the last 25 years.
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Working out ROI on sponsorship deals is difficult, but the sport is beloved by insurance brands.
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The merger is on track to close in H2 2025, CEO Pat Gallagher said.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
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Renewable retrospective solutions were a key point during the discussion.
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Their next destination remains unknown.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The broker will be based in Oslo and drive expansion in the Nordic region.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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