AJ Gallagher
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The executive will relocate from London to head the North America team of cyber brokers and actuaries. -
The broker found reinsurers’ underlying RoE had improved during the period but still fell short of the cost of capital.
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The broker said EPS estimates for 2023 were broadly flat due to inflation fears.
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The broker said Ukraine will fall into a deep recession this year following Russia’s invasion.
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Sources said that Gallagher is in the process of obtaining both retail and reinsurance licenses in the South American country.
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The InsurTech called the broker a “serial litigant”, notorious for enforcing restrictive covenants to former employees.
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The broker said the IRA is not expected to have a materially adverse impact on its ability to utilize tax credit carryforwards, according to SEC filings.
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Inside P&C’s news team runs you through the key highlights of the week.
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Deal flow for InsurTech funding dropped by 7.7% in the quarter, while the average deal size rose by 18% to $22mn.
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The broker noted that a few market sectors such as life sciences will see healthy decreases, often around 20%, along with improved retentions and coverage.
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The complaint was filed yesterday in Illinois and judge Martha Pacold is overseeing the case.
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Kelli Morash is joining a newly established North America vertical and will be tasked with driving new business.
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