Reinsurance News
A. J. Gallagher
Clare Francis named Non-Executive Director, AJ Gallagher Holdings (UK)
12th May 2025
Insurance and reinsurance broking group Gallagher has appointed Clare Francis as an Independent Non-Executive Director of Arthur J. Gallagher Holdings (UK) Limited. Additionally, as part of her role, she will become the Chair of the Remuneration Committee and a member of the Nominations, Audit and Risk Committees. Francis has extensive financial sector ... Read the full article
A. J. Gallagher sees net earnings hit $709m in Q1’25 on strong segment growth
2nd May 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $708.9 million for Q1 2025, up from $612.7 million in Q1 2024, driven by improvements in both its brokerage and risk management segments. Gallagher's revenues before reimbursements also increased in Q1 2025, reaching $3.69 billion, up from $3.22 ... Read the full article
Gallagher’s acquisition of AssuredPartners pushed back amid regulatory review
10th March 2025
Arthur J. Gallagher (AJG) has received a request for additional information as part of the Hart-Scott-Rodino (HSR) filing for its proposed acquisition of AssuredPartners, extending the transaction's closing date to the second half of 2025. For those unfamiliar, AJG entered into a definitive agreement in December last year to acquire ... Read the full article
A. J. Gallagher sees net earnings hit $1.47bn in 2024 amid strong segment growth
31st January 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings for 2024 of $1.47 billion, up from $966 million in 2023, driven by further improvements in both its brokerage and risk management segments. Net earnings in the firm's brokerage segment rose to $1.69 billion in 2024, up from $1.17 ... Read the full article
A. J. Gallagher acquires investment consulting firm Redington
25th October 2024
Arthur J. Gallagher & Co. has acquired London-based investment consulting firm Redington. Serving clients primarily in the UK, Redington provides investment, research and technology services to pension funds, wealth managers and institutional investors. Redington's CEO, Sylvia Pozezanac, and her team will reportedly remain in their current location under the guidance of David ... Read the full article
Reinsurance industry poised to meet demand at Jan 1, Gallagher projects strong 2025
25th October 2024
With the reinsurance industry remaining adequately capitalised and poised to meet demands at the upcoming January 1 renewals, J. Patrick Gallagher, Jr., Chairman, President and CEO of A.J. Gallagher & Co., remains confident that Gallagher Re will perform "very well" in 2025, regardless of how the market environment unfolds in ... Read the full article
A. J. Gallagher sees Q3 net earnings hit $314.1m as revenues increase 13%
25th October 2024
Global insurance broker Arthur J. Gallagher & Co. has reported net earnings of $314.1 million for Q3 of 2024, up 12% from the same period of last year, while total revenues increased 13% to $2.77 billion. Gallagher's EBITDAC also improved to $691 million in Q3 of 2024, up from $606.1 million ... Read the full article
Gallagher sees Q2 revenue of $2.73bn as net earnings improve
26th July 2024
Arthur J. Gallagher has revealed that its revenue in Q2 of 2024 stood at $2.73 billion, up from £2.4 billion in Q2 of 2023, driven by strong performance in its brokerage segment. Of this total revenue before reimbursements figure, Gallagher's brokerage segment made up $2.37 billion, while its risk management segment ... Read the full article
Arthur J. Gallagher acquires two Florida-based insurance agencies
2nd April 2024
Arthur J. Gallagher & Co., a global insurance brokerage, has recently acquired two Florida-based companies: Specialty Risk Management Services, LLC, and Private Client Insurance Services, LLC, both located in Fort Myers. Specialty Risk Management Services specialises in managing property insurance programs for businesses across Florida. Private Client Insurance Services focuses on serving ... Read the full article
Gallagher reports 12% growth in reported earnings for Q1 2023
28th April 2023
Arthur J. Gallagher & Co. has announced its Q1 financial results for 2023. The broker saw growth in brokerage revenue for Q1 to $2.4 billion, which is a rise from Q1 2022 that stood at $2.1 billion. At the same time, the brokerage business saw its net earnings move from $464.3 ... Read the full article
Gallagher appoints Ralph Sherbahn Head of Financial Lines for Asia
11th April 2023
Gallagher has appointed Ralph Sherbahn as Head of Financial Lines for Asia, where he will be based in Hong Kong and report to the CEO of North Asia, Thomas Wang. In the new role, Sherbahn is tasked with overseeing Gallagher’s financial lines operations in Asia with existing capabilities in Singapore and ... Read the full article
KBW sees solid growth prospects for Gallagher Re
16th December 2022
Analysts at KBW are forecasting “solid growth prospects” for reinsurance broking unit Gallagher Re over the next two years, following comments at Arthur J. Gallagher’s recent investor day. It’s thought that Gallagher Re could be set to “go on to strong offense” in 2023 as reinsurance rates rise, especially for property ... Read the full article
Arthur J. Gallagher acquires Mahowald Insurance
14th December 2022
Re/insurance broking firm, Arthur J. Gallagher & Co. have acquired St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency that offers commercial and personal products, as well as employee benefit packages and risk management services for clients across the ... Read the full article
AJG to raise equity capital to fund new acquisitions
16th November 2022
Re/insurance broking firm, Arthur J. Gallagher & Co (AJG)., has announced the renewal of its equity financing program for acquisitions. The firm has registered seven million shares for issuance in connection with brokerage and risk management acquisitions, in addition to two million shares that remain available for issuance from previously. It has ... Read the full article
Gallagher grows earnings through Q3
28th October 2022
Insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported net earnings of $256.3 million for the third quarter of 2022, compared with $238.6 million a year earlier. The firm’s overall revenues were down slightly from $2,105.6 million to $2,012.0 million, but were up by 15% for the combined brokerage ... Read the full article
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