AJ Gallagher
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The target operates in lines including real estate, construction, oil and gas, financial lines and property.
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The number four broker is seeking to acquire both Willis Re and the European insurance broking businesses. -
The broker’s latest report points to big opportunities in cyber re and retro.
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The potential sale of Willis Re to AJG would push Gallagher Re into the big leagues – but make little impact on the wider market.
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Losses for 2020 were below average and capacity is stable, but the pandemic is likely to complicate deals.
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Gallagher is the broker for Indonesian state oil firm Pertamina, with AIG and Axa XL understood to participate.
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The Dell warehouse loss pushed the Lloyd’s cargo market to a 179% loss ratio in Q2 2020, the broker says.
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According to the Capitol Forum, antitrust regulators will consider the deal's impact on the world’s fourth largest insurance broker AJ Gallagher
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Gallagher Re has hired Andrew Rothseid to the new role of head of legacy within its structured solutions practice.
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The Norwegian mutual says pricing achieved a balance between owners’ needs and underwriting profitability.
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The broker said that the carrier’s decision had forced some clients to rebuild policies from scratch.
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