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AJ Gallagher Q1 organic growth decelerates two points sequentially to 9.7%

Gallagher’s operating earnings per share soared 9.8% to $3.03 – beating analyst consensus of $2.99 earnings per share – in Q1.

Jairo Ibarra, 27 April 2023
Arch underlying improvements in property (re)insurance to persist 2-3 years: CEO Grandisson

Arch plans to “take advantage” of these favorable market conditions, and may expand PML to 10%-12% of shareholders’ equity by July 1, from the current 8.1%.

Kyoung-son Song, 27 April 2023
Markel’s LPT deal with Marco priced at $125.1mn

The loss portfolio transfer deal was completed in March of this year, covering £200mn of UK motor insurance claims.

Abbie Day, 27 April 2023
Axis’s April renewals yielded 9% rate, 85% retention amid reinsurance reposition: Tizzio

The withdrawal from the aviation reinsurance class announced yesterday represented ~$10mn of non-renewed premium.

Jairo Ibarra, 27 April 2023
Gallagher takes Aston Lark’s Walkley for D&O and FI

The appointment comes as rates continue to decline in the D&O market.

Samuel Casey, 27 April 2023
Howden lures Marsh’s Howell as MD and global practice leader

Howell joins after a 22-year long tenure at Marsh, currently holding the position of MD and global service leader in its risk management practice.

Abbie Day, 27 April 2023
Market conditions are ‘really favourable’ for Lancashire: CUO Gregory

Lancashire said positive rate momentum in the market was benefitting nearly all of its business lines, including its reinsurance portfolio.

Aisling Finn, 27 April 2023
WTW's revised free cash flow guidance doesn’t impact M&A strategy: Krasner

Shares were trading down 6% following the publication of the broker’s Q1 results.

Samuel Casey, 27 April 2023
Craigs, De Haldevang and Sabbarton to exit Canopius in restructure

The group said it remains committed to its reinsurance, specialty and short-tail units.

Rachel Dalton, 27 April 2023
Pricing increases for cyber moderate again over Q1 to 11%: Marsh

Most lines continued to record price increases, with global rates being propelled largely by rising rates in property insurance.

Aisling Finn, 27 April 2023

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