AJ Gallagher
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The probe concluded in Q4 last year, according to Gallagher’s 10-K. -
Justin Ward will lead the firm’s production efforts in the expanding MGA market.
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Funding dropped from $8bn in 2022 to $4.5bn in 2023, a 43.7% decrease.
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In Q3, RPS recorded 7% organic growth, marking a deceleration from 10% in Q2 and 8% in Q1.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A deal would mark Amwins’ second LatAm sale, after this publication revealed that Lockton acquired THB Brazil last May.
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2023 was the fourth consecutive year insured cat losses surpassed $100bn.
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Based in Brazil, the executive also has prior experience at Liberty Seguros, where he was regional manager, and Chubb, where he was LatAm surety underwriting manager.
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This follows a challenging period for business last year.
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The new team is one of several the broker has set up in the past 18 months.
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Some reinsurers could be heading into 2024 with spare capacity, the reinsurance leader said.
