AJ Gallagher

Renewables specialist Stefan Szulc recruited from NFP to Gallagher’s help grow energy practice.

In an interview, the new Gallagher Re CEO noted that his former company had been weighed down by nearly two years of uncertainty, telling this publication: “That stops today.”

The group CEO also observed that the Big Three reinsurance brokers do have a competitive moat based on their scale.

The deal was struck in the wake of the collapse of Aon and Willis Towers Watson’s merger.

Real Estate Insurance has provided real estate E&O insurance and cyber liability products across 32 states in the US.

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.

Discussing froth in the MGA M&A market, the RPS CEO said the first rule of doing deals was that “you can never pay enough for a good one, or pay little enough for a bad one”.

The transaction was cleared in five out of six jurisdictions – including by US antitrust authorities – and is only pending UK regulatory approval.

Brokerage margins contracted slightly, as the savings achieved during economic lockdowns reversed.

Richardson said that 50% to 70% of claims filed from returning government contractors will be PTSD claims.

The executive has worked for Willis, Guy Carpenter and Integro.

Jensen’s team will continue operating in Taupo, New Zealand under the leadership of Gallagher’s Crombie Lockwood CEO.