Reinsurance News
Arthur J. Gallagher & Co
Arthur J. Gallagher acquires broker Anderson Benson
3rd March 2023
Arthur J. Gallagher & Co. has acquired Nashville, Tennessee-based Anderson Benson, a retail insurance broker and risk management firm. Anderson Benson was founded in 2012 and has an entertainment niche expertise as well as specialisations in hospitality, construction, transportation and private clients across the US. George Anderson, Reno Benson, Brent Daughrity, Steve ... Read the full article
AJ Gallagher’s brokerage & risk management units post 16% organic revenue growth in Q4
27th January 2023
Global insurance and reinsurance broker, Arthur J. Gallagher & Co., has reported adjusted net earnings of $367.9 million for the fourth quarter of 2022 within its brokerage operations, which alongside higher earnings in its risk management segment, more than offset an elevated loss within the corporate division. Company-wide, adjusted net earnings ... Read the full article
Arthur J. Gallagher acquires Brazil-based Interbrok Group
29th December 2022
Arthur J. Gallagher & Co. has announced the acquisition of São Paulo, Brazil-based Interbrok Group for an undisclosed price. Interbrok Group is a retail insurance broker founded in 1976, which offers a variety of commercial and personal insurance products and services to clients throughout Brazil. Following the acquisition, Angeles de Magalhães, Anselmo ... Read the full article
Arthur J. Gallagher acquires BCHR Holdings for $660m
22nd December 2022
Arthur J. Gallagher & Co. has announced an agreement to acquire the partnership interests of BCHR Holdings, known as Buck, in the firm's largest HR benefits acquisition to date, valued at $660 million. Buck is a leading provider of retirement, HR and employee benefits consulting and administration services, primarily serving customers ... Read the full article
KBW sees solid growth prospects for Gallagher Re
16th December 2022
Analysts at KBW are forecasting “solid growth prospects” for reinsurance broking unit Gallagher Re over the next two years, following comments at Arthur J. Gallagher’s recent investor day. It’s thought that Gallagher Re could be set to “go on to strong offense” in 2023 as reinsurance rates rise, especially for property ... Read the full article
Arthur J. Gallagher acquires Aviation Insurance Australia
15th December 2022
Re/insurance broking firm Arthur J. Gallagher & Co have acquired Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insurance broker that serves aviation and aerospace clients throughout the country. The brokerage website says the firm manages all aircraft types ... Read the full article
Arthur J. Gallagher acquires Mahowald Insurance
14th December 2022
Re/insurance broking firm, Arthur J. Gallagher & Co. have acquired St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency that offers commercial and personal products, as well as employee benefit packages and risk management services for clients across the ... Read the full article
Arthur J. Gallagher acquires P&C agency Bulen & Associates
30th November 2022
Re/insurance broking firm Arthur J. Gallagher & Co has announced the acquisition of California-based Bulen & Associates Insurance Services, Inc. Bulen & Associates is a retail property/casualty insurance agency serving commercial clients and individuals. It was founded in 1929 and is currently based in Murrieta, southern California. Agency Principal and Sales Manager Lisa ... Read the full article
AJG to raise equity capital to fund new acquisitions
16th November 2022
Re/insurance broking firm, Arthur J. Gallagher & Co (AJG)., has announced the renewal of its equity financing program for acquisitions. The firm has registered seven million shares for issuance in connection with brokerage and risk management acquisitions, in addition to two million shares that remain available for issuance from previously. It has ... Read the full article
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
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