AJ Gallagher
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Australian pricing ‘approaching distressed levels’ after successive floods. -
The new recruit has worked for Argo, Allianz and the European Space Agency.
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Matthew Solley’s departure brings an end to his 21-year spell at the company.
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Innovu’s leadership will report to Gallagher’s Michael Rea.
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An abundance of capacity is leading to price reductions in the downstream sector.
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Paul Thorburn becomes the latest construction broker to switch between the two companies.
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The move follows a restructure of the broker’s London reinsurance unit last year.
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The appointments come just a few months after the company appointed Heather Bone as its Australian CEO.
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Pressure to grow portfolios may ‘put the brakes’ on premium growth, despite pricing adequacy concerns.
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The broker’s analysis found rate increases and lower cat experience contributed to strong underwriting results.
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The account consists of 16 airlines and has a total fleet value of $29.7bn.
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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.
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