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RLI and WR Berkley Q1: Benefiting from the special(ty) sauce

The specialty players are better placed than the commercial lines cohort with pricing and growth outperforming the broader market.

Insurance Insider US Research, 27 April 2022
AJ Gallagher will get ‘fair share’ of M&A deals done: Pat Gallagher

The broker completed five tuck-in brokerage mergers in Q1, the same number as the previous year, but totaling $32.2mn, down from $89.7mn in Q1 2021.

Farhin Lilywala, 29 April 2022
AJ Gallagher posts 10% organic growth amid mixed broking results

The firm suspended relationships with Russia-based clients and estimated those actions will affect its 2022 brokerage unit revenues by up to $10mn.

Jairo Ibarra, 28 April 2022
Russia’s invasion of Ukraine about $57.2mn of estimated losses: Arch

CEO Marc Grandisson said most of Arch’s exposure to the war comes via Lloyd's aviation, marine war businesses.

Jairo Ibarra, 28 April 2022
Benchimol silent on Axis $3bn reinsurance unit sale plan

The carrier also revealed $30mn in Russia-Ukraine Q1 losses.

Rachel Dalton, 28 April 2022
‘Too little, too late’, says Argo activist after potential sale announcement

Ron Bobman first called for the sale of the firm back in September 2021, and recently launched a proxy campaign to join its board.

Aisling Finn, 28 April 2022
Lancashire expects rate uplift for specialty classes impacted by Ukraine

CEO Alex Maloney acknowledged the company has exposure to losses in Russia, “although they have not yet materialised”.

Luke Harrison, 28 April 2022
Everest Re aviation action leaves Ukraine exposure ‘limited’

The firm said the conflict gave rise to uncertainty but at this stage losses appeared manageable.

Liz Bury, 28 April 2022
Chubb 1.4 treaty switch leaves last year’s reinsurers on risk for Ukraine tail

The carrier split its specialty composite treaty into two contracts to get its programme home.

Rachel Dalton, 28 April 2022
Liberty emphasises global model as Moore shifts to GRS underwriting president

The executive will be replaced by current deputy Phil Hobbs.

Rachel Dalton, 28 April 2022

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