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The business will test the market from a position of strength after impressive early profits and robust growth. -
The deal represents a 14.3x Ebitda multiple and strengthens Gallagher’s mid-market position.
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The underwriter most recently worked as head of hull and war for Travelers Syndicate 5000.
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The firm has added net headcount of 140 people this year, including hires into its incubation platform Pine Walk.
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Lower inflation and a softer market outlook tempered aggregate growth expectations.
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The index is a three-year strategic project to track social inflation by analysing personal injury awards.
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If the deal is finalised, it will represent the largest in the acquirer’s history.
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The broker has placed Rethink staff under consultation, sources said.
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There has been increased W&I appetite in South American jurisdictions.
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James Irvine will report to Cathal Carr, CEO and active underwriter of Oak syndicate 2843.
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Hannah Brooke joins the UK and Ireland team from HDI’s Belgium business.
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Losses are concentrated in the states of Baden-Wuerttemberg and Bavaria.
