Gallagher Re estimates losses in the ‘low-to-mid single-digit billions’ of dollars range

Acquisition provides ‘strong platform’ to accelerate reinsurance broker’s geographic growth and diversify business lines

Wholesale broker continues Bermuda build-out with Gallagher hire

Broking giant appoints Nadin Virani as interim chief financial officer

Loss aggregator’s second tally is higher than initial estimate of C$374m

Rules will require a uniform level of oversight from all firms, regardless of size

AI will likely change a company’s existing enterprise risk in areas such as litigation and recruitment, broker warns

US securities class action settlements climbed to $2.1bn in the first half of the year, up from $1.1bn a year earlier, according to Gallagher

London market broker hires Howden executive to lead US casualty practice 

Japanese giant’s overseas division reports adjusted profit up 24% to $423m in the three months to the end of June

Payout triggered by the magnitude 5.8 earthquake that struck Peru earlier this year

The basket of stocks tracked by Insurance Day declined by 1.5% this week

Former Fidelis Insurance Group returns to underwriting profit amid lower large losses and favourable reserve development

Acquisition of Frontier Risk unit to increase broker’s expertise in specialised sector

Sixth estimate, issued two years after the event, stable compared to CatIQ’s one-year estimate

Severe convective storms remained biggest insured-loss driver in the period