AJ Gallagher

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

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

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

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

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

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.

The broker said increased reinsurance costs had not been passed onto customers.

Langley received the nod for her services to the financial services industry and public service.

Three key reports have unearthed issues around capital and lower return period loss figures that may need to be addressed for the cyber market’s maturation, as a pivotal 1 July renewal date approaches.

The broker said clients could save money, increase limits and buy extra coverage.

The Big Three reinsurance brokers face a number of factors that could challenge their supremacy.

Gallagher Re brings together its teams across EMEA to create a unified business unit ideally positioned for future growth and platform expansion.