J. Patrick Gallagher Jr. News

Arthur J. Gallagher: Q1 Revenues Up 20%; 10 Mergers in Pipeline

Illinois-based global insurance broker Arthur J. Gallagher & Co. reported 20 percent growth in total revenues for its brokerage and risk management units combined along with four percent growth in organic commissions and fees in the first quarter. The broker …

Arthur J. Gallagher Buys Wholesale Broker Continental, Marmorstein

Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All Risk/CESI, LLC., located in New York City. Terms of …

Arthur J. Gallagher Acquires Old Greenwich Consulting Group

Insurance broker Arthur J. Gallagher & Co. has acquired New York-based Old Greenwich Consulting Group for an undisclosed sum. Old Greenwich offers employee benefit consulting and brokerage services, including life insurance and group benefits, for middle-market clients in the eastern …

Gallagher Reports Jump in Revenues for Q1 2010

Arthur J. Gallagher & Co. reported that total brokerage and risk management revenue for the 2010 first quarter was $414.9 million compared to $401.7, for the 2009 first quarter. Brokerage revenue came in at $303.5 million for the first quarter …

AJ Gallagher Buys Brazil Facultative Reinsurance Broker

Arthur J. Gallagher & Co. has acquired Securitas Re of Sao Paulo, Brazil from Estater Gestao de Investimentos Ltda. Terms of the transaction were not disclosed. It will trade internationally as Gallagher Brazil, as a licensed facultative reinsurance broker, and …

Arthur J. Gallagher Reports Q2 Results; Slight Drop in Organic Revenue

Arthur J. Gallagher & Co. reported a slight drop in organic revenue of just 0.3 percent for the second quarter 2009 for its combined insurance brokerage and risk management units. For the quarter ending June 30, 2009, AJG reported $340.1 …

Business Moves

Arthur J. Gallagher & Co., Nourse Insurance Brokers Arthur J. Gallagher & Co. acquired Nourse Insurance Brokers Inc. in Walnut Creek, Calif. Terms of the transaction were not disclosed. Founded in 1935, Nourse Insurance Brokers Inc. is a retail insurance …

Arthur J. Gallagher & Co. Acquires Nourse Insurance Brokers

Arthur J. Gallagher & Co. has acquired Nourse Insurance Brokers Inc. in Walnut Creek, Calif. Terms of the transaction were not disclosed. Founded in 1935, Nourse Insurance Brokers Inc. is a retail insurance broker offering personal and commercial property/casualty insurance …

Arthur J. Gallagher Q4 Net Income Drops 80%

Arthur J. Gallagher reported net income for the fourth quarter dropped 80 percent. The Itasca, Illinois-based company’s fourth quarter net income declined to $4.7 million or $0.05 per share from $23.4 million or $0.25 per share in the same period …

Business Moves

Max Specialty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., has agreed to acquire a U.S.-based admitted insurance company licensed to write business in all 50 states …