AJ Gallagher

Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.

The watchdog had been due to announce a decision on a further inquiry by 29 November.

Gallagher has named Martin Hiller as CEO of its specialty construction practice, a move which will see the executive head up the broker’s London based UK and international teams.

The transaction was cleared in five out of six jurisdictions – including by US antitrust authorities – and is only pending UK regulatory approval.

The broker said that market speculation pointed to rate increases of up to 30% on the International Group reinsurance contract.

The executive has almost 20 years’ experience, having worked for Aon, AGCS and Marsh.

The executive has worked for Willis, Guy Carpenter and Integro.

The latest Plane Talking report also highlights that The Hartford and Inigo are finalising preparations to enter the airline market.

The competition regulator’s investigation looks to be a procedural matter that will allow the Willis Re saga to conclude.

The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.

AJ Gallagher said it bought Grand Cayman-based Briat Insurance for an undisclosed sum.

The two brokers have also agreed to non-solicitation clauses in their new deal.