Arthur J Gallagher

RPS adds Markel Group's Oh as national property president

Arthur J Gallagher’s wholesale unit Risk Placement Services (RPS) has appointed Markel’s Kevin Oh as its national property president, taking over a role that had been held by Wes Robinson.

RPS’s Cavaness: E&S property rate increases now bigger for SMEs than larger accounts

Risk Placement Services chairman Joel Cavaness has highlighted a trend of SME accounts now seeing larger property renewal premium increases than large risk accounts.

Cavaness: RPS’s organic growth expected to slow to 8% in Q3

The president of Risk Placement Services expects the high level of growth in the E&S market to continue, although the Arthur J Gallagher wholesale subsidiary’s organic growth is expected to dip in the third quarter both sequentially and year over year.

RPS: Some new casualty entrants won’t survive next five years

The casualty entrants in recent years have helped stabilize the rate environment in desirable classes such as commercial construction and manufacturing, but “some of the new entrants won’t survive”, according to a July report from broker Risk Placement Services.

Gallagher: Property flows into E&S market “have grown significantly” in H1

Two distinct markets have emerged in the US with extremely challenging conditions for property in contrast to stability for most casualty and liability lines, according to Gallagher, with the broker also highlighting a growth in property business flows to the E&S market that is “threatening to overwhelm” carriers.

Pat Gallagher: No “meaningful economic slowdown” as price increases accelerate

Arthur J Gallagher CEO Pat Gallagher has said his firm is not seeing “any meaningful economic slowdown” in economic data it is getting from clients, as he also said that renewal premium increases have accelerated to 11 percent in the second quarter from 9 percent in the first quarter.

Brokers’ wholesale organic growth stays strong

A few brokers provided details of their wholesale growth in Q4 feedback.

Gallagher Re “on track for even better ’23” after double-digit Q4 organic growth

Pat Gallagher said that Gallagher Re posted organic growth “well into” the double digits in the fourth quarter, benefitting from what he called “some hard earned business wins” and that the reinsurance intermediary is “on track for an even better ’23”.

Gallagher brokerage organic rev growth accelerates to 11% in Q4

Organic revenue growth within Arthur J Gallagher’s brokerage operations accelerated to 11 percent in the fourth quarter - up from Q3’s 7.8 percent - in what was the largest quarter of organic growth the firm had in all of 2022.

Wholesale brokers see signs of organic growth easing in Q3

Wholesale organic revenue growth slowed in the third quarter but remained strong for most brokers that provide details, while there were also some early indications of a potential slowdown in flow into the E&S channel in October.

AJG’s RPS buys Texas-based Tejas American General Agency

Arthur J Gallagher’s US wholesale brokerage, binding authority and programs division Risk Placement Services (RPS) has acquired Cedar Park, Texas-based Tejas American General Agency (TAGA).

AJG’s RPS buys Texas-based Tejas American General Agency

Arthur J Gallagher’s US wholesale brokerage, binding authority and programs division Risk Placement Services (RPS) has acquired Cedar Park, Texas-based Tejas American General Agency (TAGA).

Gallagher acquires surplus lines agency Commercial Insurance Underwriters

Arthur J Gallagher has expanded its surplus lines offering with the purchase of Commercial Insurance Underwriters (CIU).

Gallagher: New business “surprisingly good” given Covid-19

Arthur J Gallagher’s Pat Gallagher has struck a positive tone over the impact of Covid-19, saying the broker is confident it can “cost save our way through a lull in organic growth” and that some signs of improvement are emerging.