AJ Gallagher

The broker said a dearth of IPOs had created a “buoyant environment”, with both start-ups and incumbents competing.

Inflation, rising reinsurance costs and rebounding shipping activity all pose challenges for the market.

With a cash consideration of $170mn and approximately $22.5mn of potential earnout obligation, the M&T deal is likely Gallagher’s largest since Willis Re.

The broker said rate rises on IG reinsurance could be up to 10% following the impact of Hurricane Ian.

The Q3 settlement gain of $35mn net of litigation costs and taxes will be recognized in Q4, SEC filings show.

The US DoJ is seeking information related to Gallagher's insurance business with public entities in Ecuador.

The latest Gallagher Re InsurTech study shows that, beyond the biggest funding rounds in Q3, investment fell to its lowest level since early 2020.

Discussion on Q3 earnings calls focused heavily on the supply-demand imbalance in cat capacity, as executives discussed how they would navigate a challenging January renewal.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s news team runs you through the key highlights of the week.

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.