Reinsurance News
Arthur J. Gallagher & Co
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
Arthur J. Gallagher acquires Mutual Brokers
4th May 2021
Global insurance broker, Arthur J. Gallagher & Co. has acquired Canberra, Australian Capital Territory (ACT)-based Mutual Brokers. Mutual Brokers was founded in 1985 and is an independent broker serving a broad cross-section of commercial and small corporate clients in Canberra and the ACT. Its owners, Lou Pennetta and Adrian Dodd and the ... Read the full article
Arthur J. Gallagher earnings up on organic growth
30th April 2021
Re/insurance broker Arthur J. Gallagher & Co. has reported a 7% increase in net earnings during the first quarter of 2021, which stood at $393.7 million, versus $355.4 million for the same period last year. The result was lifted by 7% organic growth across the brokerage business, with total organic commissions, ... Read the full article
AJ Gallagher takes 30% stake in MENA insurance broker ACE
19th April 2021
Re/insurance broker Arthur J. Gallagher & Co. has announced its investment in specialist insurance broker ACE, via a strategic partnership with MIG Holding Ltd. The partnership will see AJ Gallagher take a minority interest in Middle East & North Africa (MENA) specialist insurance broker ACE. Under the terms of the arrangement, AJ ... Read the full article
Arthur J. Gallagher acquires Parisco in Norway
7th April 2021
International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Parisco, a marine and energy broker based in Norway. Founded in 2001, Parisco serves contractors, offshore service vessels, exploration and production, shipping, passenger vessels and renewable energy clients. Following the acquisition, Parisco head Dag Magne Torjussen and his ... Read the full article
Reinsurance to play “a larger role” in 2021 rate movements: RPS
29th January 2021
Analysts at Risk Placement Services (RPS), an MGA subsidiary of brokerage Arthur J. Gallagher, believe that reinsurance will “play a larger role in rates, capacity and terms” this year. While the impacts of the 2020 election and COVID-19 on the US economy remain uncertain, RPS is confident that the cost of ... Read the full article
Gallagher to acquire specialist UK broker Bollington
13th January 2021
Global insurance broker Arthur J. Gallagher & Co. has signed an agreement to acquire 100% of The Bollington Wilson Group, a specialist UK broker. Bollington was founded in 1973 and has divisions in SME, micro-SME and personal lines. The business will become part of Gallagher's UK Retail Division and its CEO will remain with ... Read the full article
AJG a good fit for Willis Re if regulators force sale: KBW
4th January 2021
Analysts at KBW have pointed to Arthur J Gallagher as a likely buyer of Willis Re, if the investigation currently being carried out by EU regulators forces Aon and Willis Towers Watson (WTW) to make divestitures ahead of their planned merger. The European Commission (EC) confirmed last month that it ... Read the full article
AJ Gallagher acquires Harden & Associates in Florida
30th December 2020
International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Harden & Associates, Inc., a full-service insurance broker headquartered in Jacksonville, Florida. With additional offices in Amelia Island and Tampa, Harden offers retail property/casualty, employee benefits and related services to businesses and individuals primarily in Florida, In particular, ... Read the full article
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