AJ Gallagher
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Insured loss for Q1 was 10% higher than the decadal average of $18bn.
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Retained earnings resulting from reduced loss activity also helped to boost ILS capital.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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This came as the broker earmarked “material softening” of minimum traditional rates on line.
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Driscoll and Lubert have been promoted to presidents.
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The vulnerability updates are the biggest driver of loss changes.
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2023 was the fourth consecutive year insured cat losses surpassed $100bn.
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The deal was brokered by Gallagher Re and provides US cyber insurance event protection.
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The head of the ILS international team at Gallagher Securities Europe expects ILS issuance in the region to grow following rises in the European Central Bank rate.
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Broker-dealers' year-ahead forecasts have undershot total final issuance in three of the last five years.
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The firm’s reinsurance leader said over-subscriptions on cat reinsurance programmes have been driven by a psychological shift.
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