AJ Gallagher
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The CEO provided analysts with an update on the company’s December 2021 acquisition of Willis Re, stating that Gallagher Re grew organic revenue by 8% in the quarter.
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Gallagher’s adjusted earnings per share soared 29% to $1.72, beating analysts’ consensus of $1.66 earnings per share in Q2.
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As the super-cycle slows and the economic landscape becomes more uncertain, brokers will face pressure, though a cooling labor market may aid margins.
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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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Both lawsuits and counterclaims were dismissed with prejudice, barring the brokers from bringing the disputes to another US court.
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The hull war market is also looking to target premiums in excess of $500mn, up from the $180mn it achieved in 2021.
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The executive will be responsible for leading RPS Signature Programs to deliver admitted and non-admitted proprietary programs for niche markets.
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The unit is led by marine veteran Ricardo Castro, who joined the firm from Marsh and has over four decades of experience in the industry.
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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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According to court documents, eight of the broker’s former employees departed for the InsurTech’s new Boston office over a two-week period.
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Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.
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