Arthur J. Gallagher & Co. has announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers, Inc., dba Philinsure, following a minority investment in the business.
Tag: Gallagher
Gallagher’s AssuredPartners Acquisition Faces Timeline Adjustment Due to Regulatory Review
Arthur J. Gallagher & Co. has announced that the anticipated closure of its $13.45 billion acquisition of AssuredPartners Inc. will likely be pushed to the second half of 2025.
Gallagher Expands West Coast Presence with $1.2 Billion Acquisition of Woodruff Sawyer
Arthur J. Gallagher & Co. has announced a $1.2 billion acquisition of rival insurance brokerage firm Woodruff Sawyer, further strengthening its position in key markets and expanding its service offerings.
Breaking News: Arthur J. Gallagher & Co. Acquires AssuredPartners for $13.45 Billion
In a landmark deal, Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management, and consulting services firm, has signed a definitive agreement to acquire AssuredPartners for $13.45 billion in an all-cash transaction.
Severe Convective Storms Drive Above-Average 1H Catastrophe Losses
The first 6 months of 2023 saw above-average natural catastrophe losses, with many of those losses the result of severe convective storms, according to multiple analyses of first-half catastrophe activity.
Revenues Earned Globally by MGAs, MGUs, and Coverholders Grew by Around 19%
According to an updated ranking and analysis completed by Insuramore, the value of revenues earned worldwide by MGA, MGU and coverholder groups was about $17.3 billion in 2022, signifying annual growth in this sector of around 19% before adjusting for inflation.
Willis Towers Watson Mulls Sale of Reinsurance Unit After Halting Merger
Insurance broker Willis Towers Watson PLC said on Tuesday it is weighing strategic alternatives for its reinsurance unit, Willis Re, days after a planned sale to rival Arthur J. Gallagher fell through. Willis and broker Aon PLC had planned to merge to create the world’s largest insurance broker, topping current leader Marsh & McLennan Companies… Continue reading Willis Towers Watson Mulls Sale of Reinsurance Unit After Halting Merger
Gallagher Hires Wakefield from Aon as New CEO of Gallagher Re
Gallagher, the global broking brand of Arthur J. Gallagher & Co., has announced the hire of Tom Wakefield from Aon to take on the role of Chief Executive Officer (CEO) of its reinsurance business, Gallagher Re. Wakefield will take over the Gallagher Re CEO role from Simon Behagg, who is transitioning into a new role… Continue reading Gallagher Hires Wakefield from Aon as New CEO of Gallagher Re
Arthur J. Gallagher Is in Talks to Buy Aon, Willis Assets
Insurance brokerage Arthur J. Gallagher & Co. is in talks to buy a portfolio of assets from Aon Plc and Willis Towers Watson Plc for about $3 billion, according to people familiar with the matter. An agreement could be reached in the coming weeks, said the people, who asked to not be identified because the… Continue reading Arthur J. Gallagher Is in Talks to Buy Aon, Willis Assets
Arthur J. Gallagher & Co. Acquires The Merriam Agency
Arthur J. Gallagher & Co. today announced the acquisition of Charles W. Merriam & Son, Inc., dba The Merriam Agency. Terms of the transaction were not disclosed. Founded in 1895, The Merriam Agency is a full-service insurance agency with offices in upstate N.Y. (including Schenectady) and Colorado Springs, Colo. The team offers a full range… Continue reading Arthur J. Gallagher & Co. Acquires The Merriam Agency