Reinsurance News
Arthur J. Gallagher & Co
UK competition authority clears Gallagher acquisition of Willis Re
22nd November 2021
The UK’s Competition and Markets Authority (CMA) said this morning that it has ended its investigation into and cleared Arthur J. Gallagher & Co's (Gallagher) planned acquisition of the Willis Re treaty reinsurance business. The investigation has been ended as the CMA has decided now further action is required and said ... Read the full article
Arthur J. Gallagher acquires The VanDyke Group
4th November 2021
Global insurance broker, Arthur J. Gallagher & Co. has acquired The VanDyke Group, which offers employee benefits consulting and HR solutions, as well as commercial and personal property/casualty coverages. The VanDyke Group covers clients across Northern Illinois, Northern Indiana and Southern Wisconsin. Matthew VanDyke and his team will remain in their current location ... Read the full article
Arthur J. Gallagher earnings up 22%, Willis Re takeover on track
29th October 2021
Re/insurance broker Arthur J. Gallagher & Co. has reported 22% growth in net earnings across its brokerage and risk management operations during the third quarter of 2021, ending the period at $275.6 million. Revenues similarly increased by 17% over Q3, moving from $1.50 billion last year to $1.75 billion, with 10% ... Read the full article
India’s Edelweiss approved to divest broking arm to Gallagher
20th October 2021
Indian financial services firm Edelweiss Group has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to divest its insurance broking arm to Gallagher. Gallagher revealed its intention to purchase the remaining shares of Edelweiss Insurance Brokers Limited back in July, following a minority investment in 2019, ... Read the full article
AJ Gallagher acquires Arkansas brokerage Alpha Surety
13th October 2021
Arthur J. Gallagher & Co., the global insurance brokerage, risk management and consulting services firm, has announced the acquisition of Alpha Surety & Insurance Brokerage. Alpha Surety is based in Little Rock, Arkansas and was founded in 2002. It focuses primarily on selling direct and wholesale commercial surety bonds in key industry ... Read the full article
Gallagher acquires Floridian SeaCoast Underwriters
13th October 2021
Arthur J. Gallagher & Co. has announced the acquisition of Florida-based SeaCoast Underwriters by its US wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS). Founded in 1996, SeaCoast Underwriters specialises in commercial property & casualty, flood & excess flood, personal lines, and transportation & garage risks, primarily across ... Read the full article
AJ Gallagher’s Pen Underwriting acquires Manchester Underwriting Agencies
5th October 2021
Arthur J. Gallagher & Co. has announced that its specialist underwriting subsidiary, Pen Underwriting, has acquired 100% of UK-based Manchester Underwriting Agencies Limited and its wholly owned subsidiary, Manchester Underwriting Management Limited (MUM). Founded in 2010 by Charles Manchester as a specialist underwriting agency, MUM is a multi-class, full-service managing general ... Read the full article
AJ Gallagher acquires Federal Crop Insurance specialist Files Agribusiness
24th September 2021
Global insurance broker Arthur J. Gallagher & Co. has announced the acquisition of Bastrop, LA-based Files Agribusiness, LLC. Founded in 2010, Files Agribusiness is a retail insurance agency that specializes in offering Federal Crop Insurance, agribusiness property and casualty, and agricultural aviation coverages. It serves clients primarily in the states of Louisiana, ... Read the full article
AJG able to balance & reinvigorate Willis Re’s employee & client bases: KBW
17th August 2021
According to reports from Keefe, Bruyette & Woods (KBW), Arthur J Gallagher (AJG) will be able to stabilise and reinvigorate Willis Re’s employee and client bases, whilst expanding its reinsurance product capabilities and global footprint. It was announced ... Read the full article
Analysts see ‘more go-it-alone headwinds’ at WTW than Aon as merger collapses
26th July 2021
As news broke today that Aon's proposed combination with rival re/insurance brokerage Willis Towers Watson (WTW) has been terminated, analysts at Keefe, Bruyette & Woods (KBW) see greater headwinds for WTW moving forwards. The proposed $30 billion mega-merger of two of the world's largest brokers fell apart today as the ... Read the full article
Gallagher acquires employee benefits consulting firm Stellar
1st July 2021
Insurance broker Gallagher has announced the acquisition of Stellar Benefits, an Ohio-based employee benefits consulting firm. Founded in 2003, Stellar Benefits offers comprehensive health and welfare programs for businesses of all sizes, ranging from individual offices to multinational corporations. Ronald Rafal, Alan Greenberg and their associates will continue to operate from their ... Read the full article
AJ Gallagher acquires Excess Underwriting Company in Ontario
21st June 2021
Global insurance broker Arthur J. Gallagher & Co. has the acquisition of Markham, Ontario-based Excess Underwriting Company. Founded in 2008, Excess Underwriting Company is a property and casualty managing general agency (MGA) and Lloyd's broker serving insurance brokers and their clients across Canada. The team specializes in commercial and residential property and ... Read the full article
Gallagher “wide open” to take on more Aon / WTW business, says CEO
18th June 2021
J. Patrick Gallagher, Jr. Chairman, President and CEO at Arthur J Gallagher, has said that the company remains “wide open” to taking on more business from the pending merger between Aon and Willis Towers Watson (WTW), should it be offered up as part of a further remedy package. It was confirmed ... Read the full article
AJ Gallagher takes remaining shares in Hesse units
16th June 2021
Global insurance broker Arthur J. Gallagher has acquired the remaining shares of Zurich, Switzerland-based Hesse & Partner AG and Hesse Consulting GmbH from founder, Guido Hesse. Gallagher entered a partnership with Hesse and Partner three years ago when it acquired a majority interest of the business. Founded in 1997, Hesse and Partner ... Read the full article
Arthur J. Gallagher acquires Koff & Associates
7th May 2021
Global insurance broker, Arthur J. Gallagher & Co. has acquired California-based Kaneko & Krammer Corp, which does business as Koff & Associates. Founded in 1984, Koff & Associates offers a full spectrum of HR services, including job classification and analysis, compensation studies, compliance, organisational assessments, performance management programs and recruiting services, ... Read the full article