AJ Gallagher
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Management of the acquired business will report to Artex Risk Solutions CEO Peter Mullen.
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Top lawyer exits as the broking firm’s legal battle with Ardonagh nears its end.
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The broker says insurers remain “open to underwriting opportunity.”
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The intermediary places insurance policies across the southeastern US.
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The CEO said US retail rates were up by about 4 percent and that most due diligence for future acquisitions would be focused on culture. -
AJ Gallagher’s earnings increased by 4.8 percent to $0.65 per share in Q2, as it beat analyst expectations of $0.61 per share.
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A Financial Times interview with Pat Gallagher made me long for the summer break and the chance to read and digest a book I have been recommended.
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The AJG CEO says the heads of many of the 39,000 smaller insurance brokers in the US face ownership decisions.
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In its Plane Talking report, the broker noted that rate growth in the aviation sector accelerated in the second quarter.
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The lawsuit against carriers including Chubb, Allianz and Markel follows the passage of NY’s Child Victims Act.
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The senior broker was among a number who did not sign contracts to join AJ Gallagher after MMC sold JLT Aerospace.
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JLT agreed to sell the division in order to receive regulatory approval for its purchase by MMC.
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