Reinsurance News
Arthur J. Gallagher & Co
Arthur J. Gallagher acquires PIUS Limited
10th November 2022
Re/insurance broking firm, Arthur J. Gallagher & Co has announced it has acquired North Carolina-based PIUS Limited and its affiliate Newlight Capital. Terms of the transaction were not disclosed. Patent Insurance Underwriting Services (PIUS) is a managing general agent offering a proprietary insurance product that allows clients to insure certain intellectual property ... Read the full article
Arthur J. Gallagher acquires M&T Insurance Agency
3rd November 2022
Re/insurance broking firm, Arthur J. Gallagher has completed its acquisition of Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation. Terms of the transaction were not disclosed. Last month the firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary ... 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
Arthur J. Gallagher sets its sights on M&T Insurance Agency
4th October 2022
Re/insurance broking firm Arthur J. Gallagher has announced that it plans to acquire M&T Insurance Agency, a provider of risk management and group benefits consulting services based in Buffalo, NY. The firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary of M&T Bank ... Read the full article
AJ Gallagher foresees no adverse impact from Inflation Reduction Act
11th August 2022
Re/insurance broker Arthur J. Gallagher & Co. has said that it is not anticipating any additional tax liabilities or material adverse impacts from the introduction of the Inflation Reduction Act of 2022 (IRA) in the US. The IRA, which was passed by the U.S. Senate on August 7, 2022, is not ... Read the full article
Arthur J. Gallagher acquires Evergreen Insurance Managers
10th August 2022
Arthur J. Gallagher & Co. has acquired Evergreen Insurance Managers for an undisclosed amount. A statement from the firm said it had purchased the wholesale insurance broker and commercial insurance MGA through its Risk Placement Services (RPS) division. J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher, said: "The Evergreen team ... Read the full article
Hayward Aviation rebrands as Gallagher
11th July 2022
Specialist general aviation broker Hayward Aviation is to rebrand as Gallagher this month. The firm had become part of Gallagher when the firm acquired Jardine Lloyd Thompson Group’s global aerospace operations in 2019. Guy Holland-Bosworth, CEO of General Aviation for Gallagher’s Aerospace Practice said: “We are very pleased to reach this ... Read the full article
Gallagher expands dispute resolution team with Blackstone Chambers hire
25th May 2022
Insurance and reinsurance broker, Arthur J. Gallagher & Co., has appointed Lewis Walker as a Director in its specialist dispute resolution team in its major risks practice. Walker joins Gallagher from Blackstone Chambers – a magic circle barristers chambers based in Temple, London, where he served as one of the senior ... Read the full article
Arthur J. Gallagher acquires G.A, Mavon & Co.
21st April 2022
Global insurance broker, Arthur J. Gallagher & Co. has announced the acquisition of G.A, Mavon & Co. and its Mavco Insurance Agency, Inc. subsidiary. Terms of the transaction were not disclosed. Founded in 1916, G.A. Mavon & Co. is a fourth generation, family-run, standard and specialty lines wholesale broker. It’s retail insurance ... Read the full article
AJ Gallagher acquires UK claims administrator
6th April 2022
Global insurance broker, Arthur J. Gallagher & Co., has announced its acquisition of UK third-party claims administrator Claims Settlement Agencies Ltd (CSA). Arthur J. Gallagher’s risk management services subsidiary, Gallagher Bassett International Ltd (GB), carried out the purchase of CSA, which is based in Hadleigh, Essex. Founded in 1990, CSA specializes in ... Read the full article
Arthur J. Gallagher acquires Commercial Insurance Underwriters
25th March 2022
Global insurance broker, Arthur J. Gallagher & Co, has acquired Commercial Insurance Underwriters (CIU), a surplus lines agency offering commercial, personal and professional lines coverages for businesses and individuals with complex, unique or hard-to-place risks, primarily throughout the upper and lower Midwest. Founded in 1984, CIU is a surplus lines agency ... Read the full article
Arthur J. Gallagher buys Hawley & Associates
16th March 2022
Arthur J. Gallagher has bought broker firm Hawley & Associates for an undisclosed amount. A statement from Arthur J. Gallagher said that Hawley & Associates was founded seventeen years ago to provide insurance services for adoption, foster care, and child welfare agencies. The business will continue to be run by Phil ... Read the full article
Gallagher saw renewal premium releases top 8% in Q4 2021
28th January 2022
Illinois-based Arthur J. Gallagher saw renewal premium releases go up 8% in Q4 2021, a result which the firm said was ‘broadly consistent’ with the first three quarters of the year. The firm revealed that retail renewal premiums had gone up between 7% and 9% across North America, Australia, New Zealand, ... Read the full article
Gallagher Re feels like a billion dollar startup with a tremendous opportunity: James Kent & Pat Gallagher
1st December 2021
With Arthur J. Gallagher’s (AJG) acquisition of Willis Re’s treaty reinsurance operations now complete, resulting in a much larger Gallagher Re, senior executives told Reinsurance News that it feels like day one at a billion dollar startup. In the past seven years, Gallagher Re has established itself as the fifth largest ... Read the full article
Arthur J. Gallagher acquires Real Estate Insurance Solutions in Utah
25th November 2021
Global insurance broker, Arthur J. Gallagher & Co. has announced the acquisition of Park City, Utah-based Real Estate Insurance Solutions for an undisclosed sum. Founded in 2004, Real Estate Insurance Solutions offers a range of real estate errors & omissions insurance/cyber liability coverages. Its clients include commercial and residential real estate agents ... Read the full article