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...Beazley’s cyber bond, the culmination of a three-year project, was structured and placed by broker Gallagher Re and bought by investors including Connecticut-based specialist Fermat Capital Management....
...Howden said the progress of his group and others such as US-listed rival Gallagher had led to a broadening of competition in the highest reaches of insurance broking, almost three years after US regulators...
...The quake was the biggest single contributor to natural catastrophe-related insurance losses reaching $100bn last year for the fourth year running....
...The construction industry had the widest gap at 32 per cent, followed by financial and insurance services at 26 per cent....
...Growing costs are “having effects on the valuation of properties, the stability of markets, it’s having all these downstream implications,” says Steve Bowen, chief science officer at reinsurance broker Gallagher...
...The property insurance market, particularly in the US, “continues to be difficult”, Gallagher said....
...Yvonne Gallagher, partner at law firm Harbottle & Lewis, said the judgment was a “fundamentally important ruling for the gig economy, not just for Deliveroo”....
...Many western companies are self-sanctioning or struggling to secure the insurance, shipping or financing needed to buy Russia’s commodity exports, raising expectations that energy-hungry China will step...
...Willkie Farr & Gallagher elected 25 new partners, effective January 2024....
...Insurance broker Arthur J Gallagher reported a Covid flight policy in 2022 and 2021, and dropped pandemic references from its regulatory filings this year....
...The reinsurance price rises are expected to further fuel what is already a years-long upswing in insurance prices for companies....
...who is non-executive chair of the UK subsidiary of US-listed broker Gallagher....
...Lending can also be structured to mimic the effective price-insurance provided by acquisition authorities....
...cover to insurers for natural disaster losses such as hurricanes and fires, increased by between 45 per cent and 100 per cent for loss‑hit policies, at the start of this year, according to figures from Gallagher...
...at broker Gallagher....
...According to data from insurer Gallagher Re, more than $40bn has been invested in so-called insurtech start-ups globally over the past five years....
...Investment losses are the main reason this fell by 11 per cent to $647bn in the first half of the year, according to broker Gallagher Re....
...The $2.2bn raised in the first quarter was the lowest total since the second quarter of 2020, according to data from reinsurance broker Gallagher Re....
...The fiercely private insurance mogul has until now kept a lower profile than his billionaire peers, whose business dealings have drawn the wary attention of Beijing officials....
...A report by Gallagher Re found that reinsurers had sharply increased their prices to cover property risks in flood-hit areas of Germany, in some cases by more than 50 per cent....
...[a group of] shareholders battling each other as was the case, for example, in the fight for control of Telecom Italia between Elliot and Vivendi,” said Bruno Cova, a partner at law firm Willkie Farr & Gallagher...
...“It’s the accumulation of lots of small attritional claims,” said James Vickers, chair of international business at reinsurance broker Gallagher Re....
...The top-four brokers by revenue for the past 10 years have been Marsh McLennan, Aon, Willis Towers Watson and Gallagher, with minor changes in the order....
...Gallagher points to rising commercial insurance prices as evidence that insurers are not losing out to ever-stronger intermediaries....
...The company was marketed as an alternative to a bank, but the crucial difference is bank deposits are covered by government-backed insurance whereas cryptocurrencies are not....
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