AJ Gallagher
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Mega-round funding accounted for the smallest percentage of total funding since Q1 2020, according to Gallagher Re’s latest Global InsurTech Report. -
Though strong growth continues, the future is less clear as driving forces potentially run out of steam.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The CEO also said Gallagher Re posted a 12% organic revenue growth in Q1 amid the current hardening of the reinsurance market.
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Gallagher’s operating earnings per share soared 9.8% to $3.03 – beating analyst consensus of $2.99 earnings per share – in Q1.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Sources said the executive had a minority ownership interest believed to be around 20%-30% of the operation.
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GC’s Steve Housse and AJG’s James Elliott have resigned to join the challenger reinsurance broker.
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In the first quarter of the year, the total global economic loss for all natural hazards was estimated at $77bn.
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EMEA CEO Simon Matson said the company will announce “the optimum structure for this part of Gallagher” once it is finalized.
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Bart Zanelli will work within Gallagher Securities, specialising in capital raising and M&A.
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Inside P&C’s news team runs you through the key highlights of the week.
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