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Aviva set to reap rewards of AJG swoop for IDL

david ross arthurgallagher

Arthur J Gallagher International has today snapped up niche over-50s personal lines specialist Insure 4 Retirement from previous owner Equity. The deal boosts the premium per year being put through subsidiary OIM Underwriting by well over £100m in a single week of transactions.

Following last Friday's confirmation that RSA had completed two new five-year household capacity deals with OIM, as well as a commercial combined deal worth £75m in gross written premium a year -

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Could the Gallagher and PIB deal be back on?

Deputy Editor’s View: Whispers at the British Insurance Brokers' Association conference earlier this month suggest Gallagher could be willing to buy PIB again, less than a year after plug was pulled on a deal and the latter refinanced.

Acrisure blames AI for slashing 2250 jobs

Acrisure is cutting around 11% of its global workforce, after chief executive and co-founder Greg Williams told staff advances in artificial intelligence and technology are reshaping how the business operates and serves clients.

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