All the headlines from our A.J. Gallagher Topic Page, ordered by recency.
Jan 18 2024 // Global insurance broker Arthur J. Gallagher & Co. announced it has acquired Concord, New Hampshire-based The Rowley Agency.The Rowley Agency is a retail insurance broker providing property/casualty, surety and employee...
Jan 18 2024 // Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the fourth consecutive year to exceed $100 billion,...
Jan 17 2024 // Swiss Re has purchased the cyber market’s first retrocession industry loss warranty (ILW), brokered by Gallagher Re and supported by a number of specialist reinsurers.Swiss Re secured $50 million of catastrophic US...
Jan 16 2024 // Arthur J. Gallagher & Co. announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). Terms of the transaction were not disclosed.MGB provides reinsurance solutions to...
Jan 11 2024 // Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM).Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education...
Jan 8 2024 // Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed.Köberich specializes in D&O insurance, plus other financial lines products including cyber, warranties &...
Jan 5 2024 // Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European BrokingNepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support...
Dec 12 2023 // Arthur J. Gallagher & Co. announced the acquisition of Palos Heights, Illinois-based Hunt Insurance Agency, Inc., dba Hunt Insurance Group. Terms of the transaction were not disclosed. Hunt Insurance Group is a retail...
Nov 22 2023 // After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy,...
Nov 22 2023 // Arthur J. Gallagher & Co. announced the acquisition of Queensbury, New York-based independent insurance agency, Hughes Insurance Agency, Inc.From it headquarters in Queensbury and an office in Albany, Hughes serves the...
Nov 16 2023 // Arthur J. Gallagher & Co. announced it has acquired certain assets of the retail agency business of East Lansing, Michigan-based Coverys Insurance Services. Terms of the transaction were not disclosed. Coverys...
Nov 14 2023 // Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers.Terms of the transaction were not disclosed. Edgar Insurance Brokers provides commercial insurance products and...
Nov 9 2023 // This edition of International People Moves details appointments at brokers Ardonagh Specialty (and its reinsurance unit Inver Re) and Aon.A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher...
Nov 8 2023 // Western New York’s Evans Bancorp, Inc. has agreed to sell its insurance agency operation, The Evans Agency, to global insurance broker Arthur J. Gallagher & Co. for $40 million.The net gain on sale, on an...
Nov 6 2023 // Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Dublin, Ireland-based Keaney Insurance Brokers Ltd.Terms of the transaction were not disclosed. Keaney is a commercial...
Nov 1 2023 // Eastern Bankshares, Inc., the stock holding company for Eastern Bank, has completed the previously disclosed sale of its insurance operations, which conduct business as Eastern Insurance Group, to Arthur J. Gallagher &...
Oct 30 2023 // Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses expected to top US$10 billion, according to Gallagher Re.Further, insured losses are...
Oct 24 2023 // Arthur J. Gallagher & Co. announced the acquisition of Mineola, New York-based Rosenzweig Insurance Agency, Inc.Rosenzweig Insurance Agency is an insurance broker with pharmacy expertise serving small and medium-sized...
Oct 24 2023 // Arthur J. Gallagher & Co. today said it has signed a definitive agreement with Cadence Bank to acquire Cadence Insurance, Inc. for $904 million cash.Baton Rouge, Louisiana-headquartered Cadence Insurance, the second...
Oct 18 2023 // Arthur J. Gallagher & Co. announced it has acquired the assets of Southfield, Michigan-based Meadowbrook Insurance Agency. Terms of the transaction were not disclosed. Meadowbrook Insurance Agency is a retail insurance...