AJ Gallagher

The unit is led by marine veteran Ricardo Castro, who joined the firm from Marsh and has over four decades of experience in the industry.

Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.

How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.

The Gallagher Research Centre will be led by Tina Thomson as global head of research.

The executive will relocate from London to head the North America team of cyber brokers and actuaries.

The broker found reinsurers’ underlying RoE had improved during the period but still fell short of the cost of capital.

The executive will report to head of global clients centre of excellence Nick Forti.

Novidea will provide a platform for every stage of the broking lifecycle and help Gallagher adopt digital solutions being developed for the Lloyd’s Blueprint Two programme.

Alexandre Delacroix will focus on a range of capital market activities, including ILS and collateralised reinsurance.

The broker is the latest in a stream of exits from Marsh’s construction team over the past 18 months.

The broker said EPS estimates for 2023 were broadly flat due to inflation fears.

The broker said Ukraine will fall into a deep recession this year following Russia’s invasion.