AJ Gallagher

Gallagher has 55 term sheets representing $700mn annualised revenue

Gallagher Re posted 11% organic growth in Q2, down from 12% in Q1, while RPS recorded 10%, up from 8% the previous quarter.

Jairo Ibarra, 28 July 2023
Impact of banking crisis on FI ‘negligible’ as premiums fall: Gallagher

Double-digit rate decreases are common in the class of business despite macroeconomic headwinds.

Samuel Casey, 25 July 2023
Gallagher Re names Molinari new Iberian chairman

Eduardo Molinari served most recently as general manager of Iberia at Hannover Re.

Aisling Finn, 21 July 2023
US thunderstorms push global insured cat losses to $52bn in H1: Gallagher Re

The loss tally comes in 39% above the average for the 21st century.

Samuel Casey, 18 July 2023
Marine hull market ‘benign’ but large losses could tip balance: Gallagher

The broker said that rates were largely flat thanks to insurer appetite and competition.

Samuel Casey, 14 July 2023
M&A deal flow drops amid geopolitical uncertainty and high interest rates: Gallagher

Insurers are turning to developing markets, where premiums are higher, as deals dry up.

Aisling Finn, 10 July 2023
Pen Underwriting continues marine M&A with Fender Marine acquisition

The deal adds a further £14mn of GWP to the business, following the recent purchase of Tay River Holdings.

Samuel Casey, 06 July 2023
Aviation reinsurance market remains tough: Gallagher

The aviation war segment is also proving ‘treacherous’ to buyers, according to the latest Plane Talking report.

Rachel Dalton, 05 July 2023
Gallagher acquires retail operations of Piiq

As part of the deal, 12 Piiq employees will join Gallagher bringing with them a handful of US-focused clients.

Aisling Finn, 03 July 2023
Pen Underwriting’s BMM Ports & Terminals hires Travelers underwriter Bridge

Pen’s marine war MGA Vessel Protect has hired maritime security expert Munro Anderson.

Samuel Casey, 03 July 2023
Gallagher Re on 1.7: A new benchmark set for pricing stability

A “little flurry” of new capacity helped the mid-year renewals as reinsurers pushed to deploy at the last chance for 2023.

Fiona Robertson, 03 July 2023
Pricing stability expected after ‘rational’ July renewal aligns with 1.1: Gallagher Re

Reinsurers began relaxing limits on US property exclusions, but the lack of new start-ups points towards stability amid a more orderly market, the broker forecast.

Fiona Robertson, 03 July 2023