AJ Gallagher

Gallagher Re's latest Global InsurTech report has shown that Q2 funding dropped below $1bn to the lowest quarterly investment level in three years.

Differences in business mix and definitions yield differing trajectories for brokers, but in the absence of a recession, we may see continued margin improvement.

WTW is quietly sounding out market executives for a potential relaunch into reinsurance once its two-year non-compete agreement with Gallagher Re ends in December, this publication can reveal.

Gallagher Re posted 11% organic growth in Q2, down from 12% in Q1, while RPS recorded 10%, up from 8% the previous quarter.

The Inside P&C news team runs you through the earnings results for the day.

The loss tally comes in 39% above the average for the 21st century.

The aviation war segment is also proving ‘treacherous’ to buyers, according to the latest Plane Talking report.

Reinsurers began relaxing limits on US property exclusions, but the lack of new start-ups points towards stability amid a more orderly market, the broker forecast.

The broker said increased reinsurance costs had not been passed onto customers.

The broker said clients could save money, increase limits and buy extra coverage.

Hot and dry weather in the summer and fall is also a conditional factor.

Veiga joins from IRB Brazil, where he spent the last 19 years in a variety of underwriting and executive roles across several business lines.