AJ Gallagher
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The market remains “delicately balanced” amid global conflicts and claims deterioration. -
Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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Negotiations around US casualty and financial lines were more stressed.
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There is more capacity in the market for long-term risks.
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Concerns around casualty rate adequacy are growing, the executive said.
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The talks are advanced, and the process is likely to move rapidly.
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Driscoll and Lubert have been promoted to presidents.
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Insurance Insider US examines public brokers’ 2023 M&A.
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The vulnerability updates are the biggest driver of loss changes.
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The 1 January treaty renewal was “far more orderly”.
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The recruits join from Ardonagh, Guy Carpenter, Howden and Miller.
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According to its 2023 10-K, Gallagher spent $3.74bn on M&A activity.
