AJ Gallagher
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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Curtin has spent almost 50 years in the market with stints at Marsh and Sedgwick.
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The broker attributed increased capacity to improving profitability.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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Negotiations around US casualty and financial lines were more stressed.
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Rates continue to trend downwards in the D&O class of business.
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A total of 30 carriers entered the US public company D&O space in 2023.
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There is more capacity in the market for long-term risks.
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The talks are advanced, and the process is likely to move rapidly.
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The findings have implications for businesses and D&O.
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The 1 January treaty renewal was “far more orderly”.
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Tim Bluck joins as a partner, covering UK clients.
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The recruits join from Ardonagh, Guy Carpenter, Howden and Miller.
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According to its 2023 10-K, Gallagher spent $3.74bn on M&A activity.
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The probe concluded in Q4 last year, according to Gallagher’s 10-K.
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Ditte Deschars will be moving into the chairperson role for EMEA.
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The broker made a number of energy hires from Price Forbes and Miller last year.
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Funding dropped from $8bn in 2022 to $4.5bn in 2023, a 43.7% decrease.
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Convective storms cost more than ever, but activity was not exceptional.
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Spenner will succeed Tony Melia, who is retiring later this year.
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Total brokerage revenue was up 20.4% year on year.
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A deal would mark Amwins’ second LatAm sale, after this publication revealed that Lockton acquired THB Brazil last May.
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