Arthur J Gallagher

Gallagher to acquire Cadence Insurance for $904mn

Arthur J Gallagher has agreed a deal to acquire Baton Rouge, Louisiana-headquartered Cadence Insurance for $904mn, a deal that follows this publication revealing the intermediary was one of two frontrunners for the P&C and benefits brokerage business of Cadence Bank.

Gallagher acquires Long Island-based Rosenzweig Insurance Agency

Arthur J Gallagher has acquired Mineola, New York-based Rosenzweig Insurance Agency, a full-service insurance broker with pharmacy expertise.

Gallagher acquires Michigan-based agency Meadowbrook

Arthur J Gallagher has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency, a retail insurance broker offering property casualty and group benefits services to clients in Michigan and Florida.

Gallagher adds Corps to round off Miller marine hires

Gallagher has appointed Debbie Corps as an associate director for marine claims, completing a quadruple hire from Miller’s marine team, The Insurer can reveal.

Gallagher acquires DC-based agency Clements

Arthur J Gallagher has acquired Washington, DC-based Clements Worldwide, a broker that provides services for expats, diplomats and military personnel as well as commercial solutions for nonprofits, contractors, embassies and schools.

Gallagher: Excess airline market capacity keeping rates stable

Excess capacity in the airline market is keeping rates stable with most airlines seeing improved results on renewals, although the disparity between the reinsurance and direct markets is “raising questions”, according to Gallagher.

Gallagher: Space insurers target radical rate increases after significant 2023 losses

Several insurers are targeting “radically higher” space insurance rates in the wake of two nine-digit losses this year, according to Gallagher Aerospace CEO Peter Elson.

Gallagher acquires Arizona-based construction specialist Coverage Pro

Arthur J Gallagher has acquired Scottsdale, Arizona-based The Coverage Pro, a retail insurance broker with expertise in construction for commercial and personal lines clients.

Gallagher and USI frontrunners to buy Cadence insurance business

Arthur J Gallagher and USI have emerged as frontrunners in the Morgan Stanley-run process to sell the P&C and benefits brokerage business of Cadence, in the latest example of divestment by a US bank of insurance distribution assets, The Insurer can reveal.

Gallagher names Vullo executive director of marine P&I

Gallagher has appointed Alex Vullo as executive director of its marine protection and indemnity insurance practice.

Gallagher acquires CA-based transportation specialist Hartley Cylke Pacific

Arthur J Gallagher has added to its footprint in southern California with the acquisition of San Diego-based Hartley Cylke Pacific Insurance Services.

Gallagher acquires California trucking specialist Ace Commercial

Arthur J Gallagher has acquired Corona, California-based Ace Commercial Insurance Center, a specialist broker serving the trucking industry primarily in southern California.

Gallagher to acquire Eastern Insurance for $510mn

Arthur J Gallagher has agreed a deal to acquire Eastern Insurance – a subsidiary of Boston-based Eastern Bank and which generated $99mn in revenue last year – for $510mn in cash consideration.

Cavaness: RPS’s organic growth expected to slow to 8% in Q3

The president of Risk Placement Services expects the high level of growth in the E&S market to continue, although the Arthur J Gallagher wholesale subsidiary’s organic growth is expected to dip in the third quarter both sequentially and year over year.

Gallagher’s Artex acquires Bermuda-based services firm Frontier

Arthur J Gallagher’s captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Limited.

Gallagher acquires Kentucky-based trucking specialist MTG

Arthur J Gallagher has acquired Benton, Kentucky-based Morgan Trevathan & Gunn, a retail insurance broker specialising in the trucking industry.

Gallagher acquires Mississippi-based Southern Insurance Group

Arthur J Gallagher has acquired Columbia, Mississippi-based Southern Insurance Group, which provides commercial and personal P&C insurance coverages.

Gallagher Specialty appoints Beckett and Wooderson to lead superyacht expansion

Gallagher Specialty has appointed Rupert Beckett and Sebastian Wooderson to lead its expansion into the superyacht market.

Gallagher Specialty: CPRI market remains robust despite global risk environment

The structured credit and political risk insurance market continues to be robust, as market capacity remains near record levels despite the difficult global risk environment, according to Gallagher Specialty.