As a reinsurance intermediary, we maintain client relationships with a wide range of insurance and reinsurance companies, including companies that are competitors with one another. We do not believe that the existence of such relationships constitutes a conflict of interest, particularly in light of our strict policies regarding confidentiality and nondisclosure of client information.
Standard Reinsurance Brokerage Rates*
- Pro Rata – Between 2.5% and 5% of the net premium, or between 1.5% and 3.5% of the gross premium
- Excess of Loss (XOL) – 10% of contract premium
- London Market XOL – On XOL placements made through a London correspondent broker, the London correspondent broker generally receives an additional 5% of the contract premium (beyond the 10% described above). Reinsurance Solutions placements into the London correspondent broker market are generally made through an Aon affiliated London correspondent broker.
- Alternative Risk Transfer Market – 20% of the reinsurer’s stated margin.
- Reinstatement Premium – generally 5% of the contract reinstatement premium for all reinsurers other than Lloyd’s of London. In general, no brokerage is paid on Lloyd’s reinstatement premium.
*The rates listed are standard rates, but rates on a particular account may vary from the standard depending on the circ*mstances.
FAQs
In some markets, Guy Carpenter receives brokerage of up to 5 percent on reinstatement premiums. On some treaty placements, a stated margin is part of the premium. In such cases, Guy Carpenter generally earns 20 percent.
What does Gallagher's re do? ›
Gallagher Re is one of the largest global reinsurance brokers, helping clients access the capital they need with strategic solutions built for volatile markets.
Is Guy Carpenter a broker? ›
Guy Carpenter delivers a powerful combination of reinsurance broking expertise, capital solutions, strategic advisory services and industry-leading analytics.
How do reinsurance brokers get paid? ›
When a client purchases or renews an insurance policy, brokers receive a commission from the insurance company. The amount is a percentage of the policy's premium. The specific commission rate can vary based on the type of policy, the insurance company, and other factors.
What is the highest paid carpenter position? ›
High Paying Carpentry Jobs
- Carpenter Foreman. Salary range: $55,000-$69,000 per year. ...
- Journeyman Carpenter. Salary range: $52,500-$68,500 per year. ...
- Master Carpenter. Salary range: $49,500-$66,500 per year. ...
- Residential Carpenter. Salary range: $44,500-$65,000 per year. ...
- Finish Carpenter. ...
- Form Setter. ...
- Rough Carpenter. ...
- Carpenter.
In January 2013, Gallaghers was purchased by Long Island restaurateur Dean Poll, who also owns Central Park's Loeb Boathouse.
How does Gallagher make money? ›
Commissions and Fees.
In addition to such fees and commissions, Gallagher may also receive investment income on fiduciary funds temporarily held by it, such as premiums or return premiums. Commissions are typically a percentage of the premium charged by an insurer.
What does Arthur Gallagher do? ›
Gallagher & Co: Overview. Arthur J. Gallagher & Co (Gallagher) is an international insurance brokerage and risk management services company.
Who owns Guy Carpenter? ›
How many employees does Guy Carpenter have? ›
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,400 professionals in over 60 offices around the world.
Guy Carpenter's top competitors include Bifrost, Taiping Reinsurance, and RFIB.
What type of brokers make the most money? ›
High Paying Brokerage Professional Jobs
- Broker. Salary range: $45,000-$131,500 per year. ...
- Commodity Broker. Salary range: $97,500-$112,500 per year. ...
- Energy Broker. Salary range: $60,500-$78,000 per year. ...
- Associate Broker. Salary range: $44,000-$73,500 per year. ...
- Stock Broker. ...
- Broker Assistant. ...
- Brokerage Clerk.
The primary way that an insurance broker makes money is from commissions and fees earned on sold policies. These commissions are typically a percentage of the policy's total annual premium.
What type of insurance broker makes the most money? ›
While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.
What does the company Guy Carpenter do? ›
Today, Guy Carpenter is a leader in the reinsurance broking industry by bringing together unmatched data insights with bespoke solutions to help clients turn risk into profitable growth. Through climate change, unpredictable markets and even pandemics, we bring clarity to uncertainty.
Do carpenters make a good living? ›
Carpenters made a median salary of $51,390 in 2022. The best-paid 25% made $66,240 that year, while the lowest-paid 25% made $43,870.
Can you make a lot of money as a carpenter? ›
Being a carpenter is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it. In this blog post, we'll look at some of the best ways to make more money as a carpenter - business ideas you can start to achieve such income.
Is being a carpenter a good career? ›
Craft skills are unique and high in demand, meaning that wages can be very good in the construction industry. Carpenters have an average base salary of $56,877, or about $26.92/hour.
