Reinsurance News
Arthur J. Gallagher & Co
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
Arthur J. Gallagher & Co. expands capabilities in Florida with new acquisition
6th February 2024
Arthur J. Gallagher & Co. has acquired Fort Lauderdale, Florida-based The John Galt Insurance Agency, an independent insurance agency, in an undisclosed transaction. The Agency is formed by John Galt Commercial Insurance Agency, LLC and John Galt Insurance Agency, Inc. It provides full-service property/casualty insurance coverages with expertise in commercial and ... Read the full article
Arthur J. Gallagher acquires Horak Insurance
31st January 2024
Arthur J, Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has acquired Washington, Iowa-based Horak Insurance, Inc., a retail property & casualty (P&C) insurance agency. The organisation provides services for commercial and personal lines clients, as well as farms in eastern and central Iowa. Read the full article
Arthur J. Gallagher acquires Forest Insurance Facilities
30th January 2024
Global insurance brokerage, Arthur J. Gallagher & Co., has announced that its US wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA). The company serves clients ... Read the full article
AJ Gallagher CEO highlights orderly 1/1 reinsurance renewals
26th January 2024
In Arthur J. Gallagher & Co.'s Q4 earnings call, J. Patrick Gallagher, Jr., Chairman and CEO, provided insights into the 1/1 renewals in the reinsurance market, highlighting an orderly process and a more balanced supply-demand dynamic. The CEO noted a continued strong demand for property catastrophe cover, met by sufficient reinsurance ... Read the full article
Arthur J. Gallagher sees revenues of $9.9bn in 2023 as key segments improve
26th January 2024
Arthur J. Gallagher & Co. has reported full year 2023 total revenues of $9.9 billion, up substantially from the $8.4 billion recorded in 2022. Gallagher's core brokerage segment reportedly made up $8.6 billion of the total revenue, while its risk management segment accounted for $1.3 billion. Meanwhile, the firm's net earnings for ... Read the full article
Gallagher Re acquires Toronto-based MGB Re to grow medical reinsurance business
16th January 2024
Arthur J. Gallagher & Co.'s reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). MGB is a provider of reinsurance solutions to health maintenance organisations, managing general underwriters and insurance companies in the U.S. medical sector. According to Gallagher, the MGB leadership team of Andrew Barth, Jacqueline Greer and Thomas ... Read the full article
Arthur J. Gallagher acquires Köberich Financial Lines to strengthen European presence
8th January 2024
Re/insurance broker Arthur J. Gallagher & Co. has announced the successful acquisition of Köberich Financial Lines (Köberich), based in Cologne, Germany. The terms of the transaction were not disclosed. Köberich specialises in financial lines products and is renowned as a prominent insurance broker in the German market. Following the acquisition, Harald Köberich and ... Read the full article
Arthur J. Gallagher & Co. acquires P&C agency Hunt Insurance Group
6th December 2023
Re/insurance broker Arthur J. Gallagher & Co. has acquired retail property/casualty agency Hunt Insurance Group, terms of the transaction were not disclosed. The Illinois-based agency opened in 1957 by Raymond Hunt. It specialises in labour unions and their associated benefit funds across the Midwest. According to the announcement, Larry Hunt (Presicent), Matt ... Read the full article
Arthur J. Gallagher announces acquisition of Hughes Insurance Agency, Inc.
23rd November 2023
Global insurance brokerage, Arthur J. Gallagher & Co., has acquired Queensbury, New York-based Hughes Insurance Agency, Inc. Hughes Insurance Agency is a provider of comprehensive commercial, personal and life & health insurance services for independent businesses and individuals across the Northeastern United States. At this time, terms of the transaction ... Read the full article
Arthur J. Gallagher announces acquisition of Coverys Insurance Services
17th November 2023
Global insurance brokerage, Arthur J. Gallagher & Co. has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed. Full-service insurance broker, Coverys Insurance Services specialises in medical malpractice and professional liability for healthcare clients throughout Michigan. It has been ... Read the full article
Arthur J. Gallagher & Co. acquires Edgar Insurance Brokers
15th November 2023
Insurance and reinsurance broker Arthur J. Gallagher & Co. is to acquire Cobram, Victoria-based Edgar Insurance Brokers, a provider of commercial insurance products and services with a focus on rural and farm, hospitality, transport and trade clients. According to the announcement, Director Shannon Edgar and his team will remain in their ... Read the full article
Arthur J. Gallagher acquires Dublin-based Keaney Insurance Brokers
6th November 2023
Arthur J. Gallagher & Co. has acquired Dublin, Ireland-based Keaney Insurance Brokers Ltd. Keaney is a commercial insurance broker that supports businesses across Ireland with insurance and risk management solutions. Terry Keaney, the firm's Managing Director, and his team will remain in their current location under the direction of Ronan Foley, head ... Read the full article
Arthur J. Gallagher makes strategic senior leadership appointments
30th October 2023
Global brokerage Arthur J. Gallagher has named Thomas J. Gallagher as President and Patrick M. Gallagher as Executive Vice President, and Chief Operating Officer. These appointments are in line with the company's vision of accelerating its growth and global expansion. J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer, commented: "These ... Read the full article
Arthur J. Gallagher reports improved total revenue of $2.45bn in Q3
27th October 2023
In its Q3 2023 results, Arthur J. Gallagher & Co. reported total revenues before reimbursements of $2.45 billion, up from 2.01 billion in the same quarter last year. The firm's brokerage segment accounted for $2.12 billion of the total Q3 revenue, up from $1.74 billion last year, while the risk management ... Read the full article