Gallagher examines growth prospects in investor meeting

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“Our growing global platform is a great fit for entrepreneurial owners looking to use our tools, data, market relationships, and expertise to grow their businesses, support their current clients, and advance their employees’ careers,” stated the group boss during AJG’s investor meeting with management on Thursday. “Gallagher can help them accomplish these objectives and more.”

He went on to highlight: “When I look at our M&A pipeline, we have more than 30 term sheets signed or being prepared, representing approximately US$250 million of annualised revenues. And we expect that to grow in the US given the potential in capital gains

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Singapore Management University to offer insurtech certificate

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Singapore Management University (SMU) has launched a certificate programme in insurance technology (insurtech), in cooperation with TechFin Consulting.

It will be offered by the SMU Academy, the university’s professional training arm, beginning July, SMU said in a statement.

The programme, which seeks to upskill working professionals and undergraduates, will be taught by trainers hailing from Singapore’s fintech community and homegrown insurtech firm PolicyPal.

SMU Academy will offer a one-day introductory course, as well as a more in-depth 12-day full certificate programme. Upon successful completion of the latter, the learner will receive a certificate jointly issued by SMU Academy and TechFin

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Cyber consortium including AIG, Chubb and The Hartford forms new firm

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A consortium of cyber insurers has announced the formation of CyberAcuView, a research and coordination firm “dedicated to enhancing cyber risk mitigation efforts across the insurance industry.”

In a joint statement, the consortium – which includes AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance, and Travelers – said that CyberAcuView will “compile and analyse cyber-related data to enhance value and service to policyholders and help ensure a competitive market for cyber insurance.”

Among the new firm’s responsibilities are:

  • Providing industry best-practices to improve resilience to cyber risk.
  • Proactively engaging with regulators, law enforcement, and other security agencies
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Aon-WTW deal hitch: Gallagher group boss offers reaction

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“Any delay, clearly, is not in the favour of the three parties that are trying to do this transaction,” said Gallagher during the Q&A portion of AJG’s investor meeting with management on Thursday. “We would hope that this would be resolved as quickly as possible.

“I know that it now involves litigation, which is too bad that that is a setback, but we remain committed to the transaction; we hope that it’ll close. We’re ready to do the purchase when the regulators have said it’s OK.”

AJG’s US$3.57 billion acquisition agreement spans part of Willis Re’s treaty and facultative reinsurance

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