AJ Gallagher

The broker highlighted that exposure declines were offset by rate increases, but lower claims activity pressured Gallagher Bassett’s revenues.

With world governments and corporations facing “marshmallow tests” in relation to their reactions to the ongoing pandemic, it increasingly looks like brokers may be getting their own.

The broker foresees price increases into 2022 and beyond.

The broker has contended that changes were unnecessary because it already has diversity policies in place.

The brokers' Q1 comments reinforce the tough trade-offs facing insurance intermediaries following the solid Q1 results but dim 2020 outlook.

In its Plane Talking report the broker said insurers are still focused on long-term rate adequacy.

The broker opposes the city official’s proposal, arguing it already has sufficient measures in place.  

The broker has made six global aviation hires as the battle for staff in the market continues.

Brokers fired on all cylinders as the group outpaced historical averages on all key performance metrics, largely driven by P&C operations, but the sailing has not been equally smooth for everyone.

Mid-year M&A including the aviation deal increased the broker’s margin by about 50 bps.

The broker reported the same year-on-year organic growth figure of 5.8 percent, as EPS surged to $0.58.

Concerns have arisen over how payment may be split if the aircraft’s black box is not recovered.