AJ Gallagher
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The renewal also includes an expropriation aggregate limit, which is understood to be less than half of what it was pre-renewal. -
Rising investment yields may not keep pace with increasing claims costs, the broker said.
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Madeleine Larke’s departure from Aon’s follows the news that the intermediary has hired long-serving Guy Carpenter broker David Finlay.
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Plus this week’s Q1 results and all the top news of the week.
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Gallagher Re’s Global InsurTech report showed that more capital is being channelled into earlier-stage funding rounds.
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The broker completed five tuck-in brokerage mergers in Q1, the same number as the previous year, but totaling $32.2mn, down from $89.7mn in Q1 2021.
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The firm suspended relationships with Russia-based clients and estimated those actions will affect its 2022 brokerage unit revenues by up to $10mn.
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Just a few losses in aviation war have the potential to “wipe out one if not multiple” years of income, the broker said in its Plane Talking report.
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Alternative capital increased by 4.4% after two years of stagnation.
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Inflation is now a key concern in every line of business, the broker said.
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The broker said the market was flattening but that large losses in the first quarter would sustain pricing levels.
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The firm ranks among the three largest retailers in Peru, and talks come amidst a pick-up in M&A in Latin America.
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