Latest A.J. Gallagher Headlines
All the headlines from our A.J. Gallagher Topic Page, ordered by recency.
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re
Feb 5 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,...
Spenner Named Gallagher Re’s CEO, International, as Melia Retires
Feb 1 2024 // Dirk Spenner has been appointed to the role of CEO, International, at Gallagher Re, taking over from Tony Melia, who is retiring after a career of over 40 years. Spenner’s new role is effective June 1, 2024. Dirk...
Arthur J. Gallagher Acquires Ericson Advisors of Connecticut
Feb 1 2024 // Global insurance broker Arthur J. Gallagher & Co. reported the acquisition of Washington Depot, Connecticut-based Ericson Insurance Advisors. Ericson Insurance Advisors is a personal lines-focused insurance broker...
Arthur J. Gallagher & Co. Acquires Iowa’s Horak Insurance
Jan 30 2024 // Arthur J. Gallagher & Co. announced the acquisition of Washington, Iowa-based Horak Insurance, Inc. Terms of the transaction were not disclosed. Horak Insurance is a retail property/casualty insurance agency serving...
Arthur J. Gallagher & Co. Acquires Louisiana’s Forest Insurance Facilities
Jan 29 2024 // Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities....
Arthur J. Gallagher Acquires New England’s Rowley Agency
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...
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re
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,...
Swiss Re Buys Cyber Market’s 1st Retrocession ILW, Brokered by Gallagher Re
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...
Gallagher Re Acquires Toronto-Basded Broker MGB Re
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...
Arthur J. Gallagher & Co. Acquires UK-Based MCMM Services Ltd.
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...
Gallagher Acquires German Specialty Broker Köberich Financial Lines
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 &...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London
Jan 5 2024 // Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support...
Arthur J. Gallagher & Co. Acquires Illinois’ Hunt Insurance Agency
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...
Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
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,...
Gallagher Acquires New York’s Hughes Insurance Agency
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...
Arthur J. Gallagher & Co. Acquires Michigan’s Coverys Insurance Services
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...
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers
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...
People Moves: Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver Re’s Head of Retro; Aon Merges UK and EMEA, Naming Page as CEO
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...
Gallagher to Buy Evans Bank Insurance Operations in Western New York for $40 Million
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...
Arthur J. Gallagher & Co. Acquires Ireland’s Keaney Insurance Brokers
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...
