Reinsurance News
Arthur J. Gallagher & Co
Arthur J. Gallagher acquires Blueleaf Consulting in Australia
5th December 2019
Arthur J. Gallagher & Co. has announced the acquisition of Blueleaf Consulting Pty Ltd., a financial advice practice based in North Sydney, New South Wales. Founded in 2006, Blueleaf Consulting offers wealth management, estate planning and business succession support to businesses and individuals across New South Wales. Following the takeover, Blueleaf Consulting’s ... Read the full article
Gallagher adds pacific northwest marine team, book
3rd December 2019
Global insurance brokerage Arthur J. Gallagher & Co has completed a transaction to acquire Brown & Brown Washington's pacific northwest marine business team and associated marine book of business. Led by Graham Gardner, the brokerage team handles all lines of marine insurance for a number of maritime clients globally. Under the direction ... Read the full article
AJG agrees terms to take 100% ownership of Capsicum Re
27th November 2019
Arthur J. Gallagher & Co. (AJG) has announced that it has agreed heads of terms to pursue the necessary transaction to take 100% ownership of reinsurance specialist brokerage Capsicum Re. The transaction has been in the offing, as time was running out on an option that AJG had to expand its ... Read the full article
Arthur J. Gallagher’s Artex to acquire EWI Re
21st November 2019
Artex Risk Solutions, the Arthur J. Gallagher & Co-owned provider of re/insurance and alternative risk management solutions, has acquired Dallas-based EWI Re for an undisclosed fee. EWI was founded in 1959 and offers reinsurance program design and placement services for captives and mutual insurance companies. Its specialty risk management practice is built ... Read the full article
Arthur J. Gallagher’s Artex completes Horseshoe acquisition
18th November 2019
Arthur J. Gallagher & Co. has announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, has completed its acquisition of Horseshoe Insurance Services Holdings Ltd. Horseshoe is a Bermuda-headquartered provider of insurance management fund administration, advisory and corporate services to the insurance-linked securities (ILS) market. The firm, which ... Read the full article
Arthur J. Gallagher takes minority stake in Indian broker Edelweiss
28th October 2019
Global insurance brokerage Arthur J. Gallagher & Co. has completed its purchase of a minority stake in Edelweiss Insurance Brokers Limited (EIBL), the broking unit of Indian financial services conglomerate Edelweiss Group. EIBL provides a range of both insurance and reinsurance solutions, and benefits from the distribution network of its parent ... Read the full article
A J Gallagher earnings stable in Q3, organic growth up 5.8%
25th October 2019
Global insurance brokerage Arthur J. Gallagher & Co. has released its financial results for the third quarter of 2019, reporting stable earnings when compared with the previous year, as well as organic revenue growth of 5.8%. Net earnings came to $137.1 million in Q3 2019, showing a minor decline from the ... Read the full article
Arthur J. Gallagher & Co. acquires Swedish broker Proinova
14th October 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Proinova, an insurance broker based in Helsingborg, Sweden. Founded in 1989, Proinova specialises in group solutions for the real estate sector, offering insurance, loss prevention training and claims advocacy services for trade association members. It also serves clients in ... Read the full article
Gallagher acquires Kentucky-based insurer Garrett-Stotz
11th October 2019
US global insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has announced the purchase of Garrett-Stotz Company, a Kentucky-based insurance agency. Garrett-Stotz was founded in 1931 and is a full-service commercial and personal lines property/casualty and benefits agency. The firm's areas of specialisation include construction/surety, real estate and ... Read the full article
A J Gallagher acquires broker Gillis, Ellis & Baker
30th July 2019
Commercial retail property/casualty broker, Gillis, Ellis & Baker, Inc. has been acquired by global insurance brokerage, Arthur J. Gallagher & Co (A J Gallagher). The New Orleans-based Gillis, Ellis & Baker also offers personal lines and employee benefit services across the Southeastern U.S. Following the acquisition, R. Parke Ellis, W. Anderson Baker ... Read the full article
A J Gallagher reports solid revenue growth in 2019
26th July 2019
Arthur J. Gallagher & Co. has reported its results for the second-quarter of 2019, posting solid revenue growth and improved net earnings in its brokerage segment. Revenues increased from $1 billion in Q2 2018 to $1.13 billion in Q2 2019, while organic revenues also increased year-on-year, to $1.01 billion. The firm's ... Read the full article
Arthur J. Gallagher appoints CEO of Employee Benefits Consulting Division in UK
16th July 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the appointment of Nick Burns as Chief Executive Officer (CEO) of its Employee Benefits Consulting Division in the UK. Prior to joining Gallagher, Burns was the CEO of PIFC Group, Bluefin Corporate Consulting and Capita Employee Solutions. More recently he has operated ... Read the full article
Arthur J. Gallagher acquires Stonehenge Insurance
11th July 2019
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Florida-based Stonehenge Insurance Solutions, terms of the transaction were not disclosed. Stonehenge offers commercial insurance products and consulting services to Professional Employer Organizations (PEOs) and staffing clients throughout the US. The company’s leadership team, Jeff Rendel, Troy Reynolds, Chris O'Connor and their ... Read the full article
Arthur J. Gallagher to acquire minority stake in Renomia
26th June 2019
Global insurance brokerage Arthur J. Gallagher & Co. is to acquire a minority stake in Prague-based Renomia, the largest independent broker based in the Central and Eastern European (CEE) region. Primarily serving commercial clients, Renomia has grown rapidly and now has full-scale broking operations in Czech Republic, Slovakia, Romania, Hungary, Serbia, ... Read the full article
Gallagher acquires Australian consulting firm P2 Group
18th June 2019
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of specialist consulting firm, P2 Group. The Hawthorn, Victoria-based P2 Group assists employers proactively manage occupational health, while at the same time lowering the risk of worker injuries and WorkCover claims. According to an announcement on the deal, P2 Group ... Read the full article
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