Reinsurance News
Arthur J. Gallagher & Co
AJ Gallagher acquires retail insurance broker Shepard
27th November 2024
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced its acquisition of Shepard Insurance Group, based in Old Greenwich, Connecticut. Shepard Insurance is a retail insurance brokerage that caters to high-net-worth clients in the Northeast United States and Florida. Steve Shepard, Kyle Shepard, and ... Read the full article
Arthur J. Gallagher & Co. acquire THB Chile
21st November 2024
Re/insurance broker Arthur J. Gallagher & Co. has acquired Santiago-domiciled retail insurance broker THB Chile. The terms of the transaction were not disclosed. The retail insurance broker provides property & casualty, life and health benefits, and reinsurance services to clients throughout Chile. The THB Chile team will be led by Lionel Soffia, ... Read the full article
Arthur J. Gallagher’s Artex acquires Ohio-based Risk International
3rd October 2024
Insurance and reinsurance broker Arthur J. Gallagher & Co. has announced that Artex, its alternative risk and capital solutions subsidiary, has acquired RIBV Holdings, LLC, which operates as Risk International. Based in Ohio, Risk International specialises in outsourced risk management and employee benefits advisory services for private equity and corporate clients ... Read the full article
Arthur J. Gallagher appoints Richard Harries to Board of Directors
25th July 2024
Veteran Richard Harries has been appointed to insurance and reinsurance broker Arthur J. Gallagher & Co.'s Board as a new Director. Harries has more than 35 years of insurance industry experience in the UK and other highly regulated markets and has experience growing businesses as an operational leader. He most recently served ... Read the full article
Arthur J. Gallagher & Co. acquires California-based Cornerstone
3rd July 2024
Re/insurance broker Arthur J. Gallagher & Co. has acquired California-based Cornerstone Commercial & Personal Insurance Services, Inc. (Cornerstone) in an undisclosed transaction. Cornerstone has been serving both commercial and personal clients, particularly in San Bernardino and Riverside counties in California. The agency’s specialisation in commercial real estate, construction, and homeowners associations is ... Read the full article
Pen Underwriting expands into Ireland with Wrightway Underwriting acquisition
6th June 2024
Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired Wrightway Underwriting Limited, a Republic of Ireland-based MGA that specialises in transportation and haulage, for an undisclosed sum. Based in Wexford, Wrightway is a managing general agent (MGA) providing motor and liability coverages for the haulage and fleet sector across ... Read the full article
A. J. Gallagher reports 26% rise in net earnings in Q1’24 results
26th April 2024
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $612.7 million for the first quarter of 2024, an increase of 26% on the $486.6 million seen a year earlier, driven by a strong performance in both its brokerage and risk management businesses. Group-wide, revenues before reimbursements rose ... Read the full article
Arthur J. Gallagher acquires Australia’s Prasidium Credit Insurance
25th April 2024
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Established in 2015 in Sydney, the company has grown quickly to become a national specialty trade credit broker. The company reportedly ... Read the full article
Arthur J. Gallagher expands capabilities with Louisiana-based acquisition
22nd April 2024
Re/insurance broker Arthur J. Gallagher & Co. has announced the acquisition of Louisiana-based Fontenelle & Goodreau Insurance, LLC. in an undisclosed transaction. Fontenelle & Goodreau Insurance offers commercial property & casualty coverages specialising in large apartment accounts in the Louisiana market with capabilities nationwide. According to the announcement, Charles Fontenelle and his ... 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
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
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