Arthur J. Gallagher & Co. (AJG) on Thursday reported second-quarter profit of $114.9 million. The Rolling Meadows, Illinois-based company said it had net income of 62 cents per share. The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 62 cents per share.… Continue reading AJG Reports Q2 Profit of $114.9 Million
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Gallagher Chief Warns on Inevitable Insurance Consolidation
The head of insurance broker Arthur J Gallagher said the days of small generalists in his industry may be coming to an end. Insurance broking, especially in the US, has traditionally been a very fragmented industry, with a large number of small companies in the market. But there has been a spate of consolidation, with… Continue reading Gallagher Chief Warns on Inevitable Insurance Consolidation