Gallagher acquires Arizona-based surety bond agency VikingGallagher has continued its M&A run with the acquisition of Arizona-based Viking Bond Service (Viking) for an undisclosed consideration.
Pat Gallagher: FTC “clearly in an overreach position” with non-compete proposalArthur J Gallagher management during an investor day has commented that the US Federal Trade Commission (FTC)’s proposed rule to prohibit non-compete clauses is an overreach and would pressure multiples of family-owned agencies.
Kent move reinforces core role of reinsurance and capital access in Gallagher ecosystemArthur Gallagher’s move to elevate James Kent to oversee global insurance strategic relationships appears to signal the importance of the reinsurance intermediary he currently leads to the group’s overall ecosystem and growth strategy, as well as a recognition of the need for a more coordinated approach to creating capacity and solutions for clients.
Gallagher boosts specialist offering with FE Protect acquisitionGallagher has boosted its specialist offering with the acquisition of UK-based insurance broker AT Squared Holdings (FE Protect).
Gallagher buys Nashville-based retail broker Anderson BensonArthur J Gallagher has acquired Nashville, Tennessee-based Anderson Benson, a retail insurance broker and risk management firm with an entertainment niche.
Gallagher records $1.3bn purchase price for 37 acquisitions in 2022Arthur J Gallagher has revealed that the total recorded purchase price for the acquisitions it completed in 2022 was $1.303bn, including $166.4mn for the PlUS Limited deal it announced in November.
Environmental group calls on major global brokers to disclose EACOP stanceClimate activist group Insure Our Future has called on Aon, WTW and Arthur J Gallagher to publicly state their position on the East African Crude Oil Pipeline following the filing of a formal complaint against Marsh last week over its role as broker for the controversial project.
Gallagher Re “on track for even better ’23” after double-digit Q4 organic growthPat Gallagher said that Gallagher Re posted organic growth “well into” the double digits in the fourth quarter, benefitting from what he called “some hard earned business wins” and that the reinsurance intermediary is “on track for an even better ’23”.
Gallagher brokerage organic rev growth accelerates to 11% in Q4Organic revenue growth within Arthur J Gallagher’s brokerage operations accelerated to 11 percent in the fourth quarter - up from Q3’s 7.8 percent - in what was the largest quarter of organic growth the firm had in all of 2022.
AJG’s RPS acquires Texas-based Remco Insurance AgenciesGallagher has announced that its subsidiary, Risk Placement Services (RPS), has acquired Texas-based insurance agency, Remco Insurance Agencies (Remco).
Gallagher appoints Aviva’s Piper as head of strategic account managementGallagher has appointed Aviva's Louise Piper as its new head of strategic account management.
Gallagher expands Ireland presence with First Ireland buyGallagher has acquired Ireland-based insurance broker First Ireland Management (First Ireland) for an undisclosed amount.
Gallagher acquires student insurance specialist JCBGallagher has acquired California-based John C. Breckenridge Insurance Solutions (JCB) for an undisclosed fee.
Gallagher: Airline insurance rates soften in Q4 as new capacity entersThe entry of new capacity in the airline insurance market during 2022 ensured buoyant trading and created a more favourable environment for buyers at renewals in the fourth quarter, according to broker Gallagher.
Gallagher expands energy and power services to Middle East & AfricaGallagher has launched its energy and power risk engineering services in the Middle East and Africa, with Jack Wishart appointed to lead the practice.
Gallagher: M&A activity to return to pre-pandemic levels in 2023 following anomalous 2021Although the volume of M&A deals declined year on year in 2022, broker Gallagher has warned against comparing all activity with the record-breaking “anomaly” that was 2021, with 2023 expected to return to pre-pandemic levels.
Gallagher acquires retail agency CBS InsuranceArthur J Gallagher has acquired Texas-based retail insurance agency CBS Insurance, with terms of the transaction undisclosed.
Gallagher acquires employee communication agency ROC GroupArthur J Gallagher has acquired Chicago-based ROC Group, an employee communication agency.
Gallagher acquires Brazil-based broker Interbrok GroupArthur J Gallagher has acquired Brazil-based broker Interbrok Group, with terms of the transaction undisclosed.
Gallagher agrees to acquire Buck for approximately $660mnArthur J Gallagher (Gallagher) has agreed to acquire Buck, a provider of retirement, HR and employee benefits consulting, for a gross consideration of $660mn.