AJ Gallagher
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Insurers are taking a “cautious approach”, especially with new risks, but overall capacity is at an all-time high.
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The broker's latest report also reveals a consideration of $330mn for Bollington. -
The new managing partner will work in Gallagher’s property practice with Asia-Pacific and South African clients.
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He will take over from current CEO Rupert Swallow next month.
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This publication previously reported the retail broker would change hands for more than £250mn.
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The Gallagher-brokered and Liberty-led account is likely to generate a $3mn hull claim and between $6mn-$9mn in liability losses.
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The AJ Gallagher report says multiple potential claims could take current loss levels well above the $330mn already known about.
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The broker’s public sector and education practice adds the fourth-oldest university in the world to its client roster.
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The management liability market underwent huge hardening last year as major carriers withdrew.
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KPMG-run business nears endgame as AJ Gallagher returns for sizeable UK deal.
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The club reported a combined ratio of 102.2% for the first half of 2020, and an underwriting deficit of $2.2mn.
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Thiago Navega will be based in Rio de Janeiro and report to Gallagher Re Brazil CEO Luiz Araripe.
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