AJ Gallagher
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The broker has analysed the differences in wildfire risk between Northern and Southern California. -
Georgina Meyer joins the broker as executive director of UK property.
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Further rate increases are anticipated through 2026.
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The recruit is expected to take on a role at the WTW/Bain Capital start-up after sitting out a year of gardening leave.
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Gallagher’s $13.45bn deal for AssuredPartners was completed in August.
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Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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He will join Gallagher as chief broking officer for EMEA transaction solutions.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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InsurTech funding was down 7.3% from $1.09bn in the prior quarter.
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The energy broker’s career also includes a stint at Price Forbes.
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A US landfall is not expected, but the storm could hit the Bahamas by Friday.
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Sources said he will join the reinsurance brokerage next year, after his garden leave expires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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Though wildfire losses are up, total losses are the lowest since 2015.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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Plus, the latest people moves and all the top news of the week.
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The change in reinsurance intermediary follows an RFP for the account.
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Lockton Re has predicted major growth in the global cyber insurance market.
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The practice group will enhance the company’s existing offerings in E&S.
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Reinsurance CEO Wakefield said reinsurance structures may evolve for prolonged growth.
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CEO Tom Wakefield said property cat supply is “materially outpacing demand”.
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The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
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Strong CoRs and investment returns supported profitability in H1 2025.
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The broker said it was achievable to place a $2bn vertical limit in the London market.
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Bartlett is the latest in a series of talent moves in the construction market.
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The broker approved a grant of $316mn in equity awards payable in staggered amounts over the coming five years.
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However, group organic growth among public brokers has slowed to pre-pandemic levels.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The broker said that there could be a flattening of rate decreases in the hull market in 2026.
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Alistair Lester joins from Aon, where he has worked for the past eight years.
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AJ Gallagher has responded to a request for additional information under the HSR filing.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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The impact on the (re)insurance market has been muted due to its strong capital position.
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Atradius Syndicate 1864 is expected to begin underwriting next year.
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Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
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The US accounted for 92% of all global insured losses for the period.
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Continued Apax and Carlyle support will give PIB time to differentiate its business.
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Apax and Carlyle will continue to back the broker consolidator.
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The availability of capacity remains the market’s key driver, the broker said.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
