Reinsurance News
Arthur J. Gallagher & Co
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
Arthur J. Gallagher acquires Eastern Insurance Group
21st September 2023
The global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has signed a definitive agreement to acquire Eastern Insurance Group, LLC (Eastern Insurance), a subsidiary of Eastern Bank. Massachusetts-based Eastern Insurance offers comprehensive commercial property and casualty and personal lines products, as well as employee benefits ... Read the full article
Arthur J. Gallagher & Co acquire Lifesure Group
5th September 2023
Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has announced the acquisition of Lifesure Group Limited, a UK-based personal lines insurance broking service. Terms of the transaction were not disclosed. Lifesure works predominantly in the vacation/holiday and leisure industry, with products including park home, motorhome, ... Read the full article
83% of US businesses actively looking to seek additional insurance policies: Arthur J. Gallagher
11th August 2023
83% of business owners have expressed worries about specific events or losses that have the potential to affect their business, with another 83% stating that they are either actively looking, or very likely to seek additional insurance policies to provide greater protection. Global brokerage, Arthur J. Gallagher & Co., recently commissioned ... Read the full article
Arthur J. Gallagher acquires Wigmore Insurance Agency
8th August 2023
Global insurance brokerage firm, Arthur J. Gallagher has acquired Costa Mesa, California-based Wigmore Insurance Agency, Inc. The terms of the transaction were not disclosed. Wigmore is retail insurance broker that provides a broad selection of commercial and personal insurance services to clients throughout Southern California. The company is headed by ... Read the full article
Gallagher’s Q2’23 net earnings reach $235.8m
28th July 2023
Global insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported net earnings of $235.8 million for the second quarter of 2023, compared with $285.1 million a year earlier. Gallagher's Company-wide, adjusted net earnings increased from $349.7 million in Q2 2022 to $417.0 million in Q2 2023. Within its brokerage business, ... Read the full article
Arthur J. Gallagher acquires Hagan Insurance Group
25th July 2023
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, has acquired Sioux Falls, South Dakota-based Hagan Insurance Group. Terms of the transaction were not disclosed. Established more than three decades ago, Hagan Insurance Group has been providing insurance member benefits and financial management to ... Read the full article
Arthur J. Gallagher acquires Benchmark Commercial Insurance Services
13th July 2023
Arthur J. Gallagher & Co. has announced the acquisition of Carlsbad, California-based Benchmark Commercial Insurance Services. Benchmark is a retail insurance agency that has been offering commercial and personal risk management and insurance solutions to business owners in San Diego and the surrounding area for the last two and a half ... Read the full article
Arthur J. Gallagher acquires Texas-based RHP General Agency
19th May 2023
Arthur J. Gallagher & Co's subsidiary, Risk Placement Services, Inc. (RPS), has acquired Houston, Texas-based RHP General Agency, Inc. RHP is a licensed managing general agency specialising in residential property insurance for clients throughout Texas. According to the firm, its main focus is providing insurance on properties that don’t qualify for coverage ... Read the full article
Arthur J. Gallagher’s Artex Risk Solutions acquires Allied Risk Management
17th May 2023
Global insurance brokerage Arthur J. Gallagher & Co. announced that its subsidiary, Artex Risk Solutions, Inc., has completed the acquisition of Allied Risk Management, based in Dublin, Ireland. The terms of the transaction have not been disclosed, the company said. Allied Risk Management offers insurance and reinsurance management services, as well as ... Read the full article
Arthur J. Gallagher expands fine art expertise with accurART acquisition
4th May 2023
Re/insurance broking firm Arthur J. Gallagher & Co has acquired Switzerland-based fine art insurance broker, accurART. Terms of the transaction were not disclosed. A market-leader in Switzerland, accurART specialises in insurance for private art collections, museums, galleries and for fine art exhibitions. The firm also offers cover for other valuables, which includes ... 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
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