Reinsurance News
Arthur J. Gallagher & Co
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
Arthur J. Gallagher & Co. to acquire Cadence Insurance
24th October 2023
Arthur J. Gallagher & Co. has made a significant move in the insurance industry by announcing its definitive agreement to acquire Baton Rouge, Louisiana-based Cadence Insurance, Inc., a wholly-owned subsidiary of Cadence Bank. The transaction, subject to regulatory approval, is anticipated to conclude during the fourth quarter of 2023, the company ... Read the full article
Arthur J. Gallagher & Co. acquires Meadowbrook Insurance Agency
19th October 2023
Global insurance brokerage, Arthur J. Gallagher & Co., has announced the acquisition of Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance broker offering a comprehensive range of property/casualty and group benefits services to clients throughout Michigan and in Florida. As part of ... Read the full article
Arthur J. Gallagher acquires The Coverage Pro
9th October 2023
Arthur J. Gallagher & Co. has announced the acquisition of The Coverage Pro, an Arizona-based retail insurance broker expert with expertise in construction for commercial and personal lines clients throughout the state. As part of the transaction - terms were not disclosed - Gallagher will also acquire The Coverage Pro's affiliated ... Read the full article
Arthur J. Gallagher announces acquisition of Altman Insurance Services
4th October 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Louisville, Kentucky-based WLA Insurance, LLC, dba Altman Insurance Services. Terms of the transaction were not disclosed. Altman Insurance Services provides employee benefits brokerage and consulting services to both large and small group businesses across ... Read the full article
Arthur J. Gallagher & Co. acquires Hartley Cylke Pacific Insurance Services
26th September 2023
Arthur J. Gallagher & Co. has acquired San Diego, California-based Hartley Cylke Pacific Insurance Services, Inc. Hartley Cylke Pacific Insurance is a retail insurance broker that specialises in transportation for clients throughout California and Arizona. According to Gallagher, Hartley Cylke Pacific Insurance's Michael Hartley (President), John Cylke (Vice President), James Hawes (Agent/Broker) and ... Read the full article
Arthur J. Gallagher & Co. acquires insurance broker Ace
22nd September 2023
Arthur J. Gallagher & Co. has acquired Ace Commercial Insurance Center (Ace), a specialist insurance broker serving the trucking industry primarily in Southern California. Terms of the transaction were not disclosed. According to the announcement, Jackie Hoang, President and CFO; Anhdy Nguyen, VP of Operation Underwriting; and the rest of their ... Read the full article
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