Gallagher sees 9.6% rise in P&C rates to date in Q2, led by 14% gain for property.
Florida reinsurance renewals brought cases of 50% increases for loss impacted cedents.
New report suggests global MGA market growth outpacing insurance broking sector.
Gallagher leans on bespoke offshore background to stay ahead of curve in fast-moving sector.
Departures are ‘minimal to zero’, integration faster than planned, claims CEO.
‘Retail, wholesale or reinsurance, premiums are still increasing almost everywhere’.
The acquired firm will operate under its retail property/casualty brokerage operations.
The acquisition will expand its high-net-worth offerings in the Midwest region.
The firm specialises in claims arising from corporate and personal travel.
Inflation fears drive rates; pricing-savvy carriers rewarded for inflation-resiliency.