AJ Gallagher
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AJ Gallagher had also shown an interest in acquiring the Australian retailer. -
US SCS insured losses YTD already stood at around $12bn prior to these events.
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This was Gallagher’s largest Q1 deal, followed by $66.6mn for Ericson Insurance.
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Gallagher expects "little impact" from the FTC’s non-compete ban on the firm’s M&A strategy.
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The Insurance Insider US news team runs you through the earnings results for the day.
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US SCS accounted for nearly $11bn in global insured losses.
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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The broker attributed increased capacity to improving profitability.
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The market remains “delicately balanced” amid global conflicts and claims deterioration.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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Negotiations around US casualty and financial lines were more stressed.
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There is more capacity in the market for long-term risks.
