International insurance brokerage firm Arthur J. Gallagher & Co has confirmed that it was the target of a ransomware attack on September 26th. The firm said the incident impacted a “limited portion” of its internal systems, and does not expect it to have a material impact on its operations or financial condition. “We promptly took… Continue reading Arthur J. Gallagher Targeted in Ransomware Attack
Tag: Arthur J. Gallagher
Arthur J. Gallagher & Co. Acquires Wholesaler CMS, LLC
Arthur J. Gallagher & Co. today announced the acquisition of Melville, New York-based CMS, LLC. Terms of the transaction were not disclosed. Founded in 1996, CMS, LLC is a full-service wholesale insurance broker working with agents across the United States. The team specializes in placing coverages for construction, importing, wholesaling/distributing, manufacturing and real estate businesses,… Continue reading Arthur J. Gallagher & Co. Acquires Wholesaler CMS, LLC
Arthur J. Gallagher Acquires Illinois-Based Affiliated Benefit Consultants
Arthur J. Gallagher & Co. has announced the acquisition of Affiliated Benefit Consultants, Inc., a US provider of benefit consulting services. Affiliated Benefit Consultants was founded in 1986 and is based in Oakbrook, Illinois. Following the acquisition, President John Araujo and his associates will continue to operate in their current location. Going forward, they will… Continue reading Arthur J. Gallagher Acquires Illinois-Based Affiliated Benefit Consultants
Artex Acquires EWI Re, Inc.
Arthur J. Gallagher & Co. today announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, Inc., has acquired Dallas-based EWI Re, Inc. Terms of the transaction were not disclosed. Established in 1959, EWI offers reinsurance program design and placement services for captives and mutual insurance companies; run-off and legacy solutions; and… Continue reading Artex Acquires EWI Re, Inc.
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