Welcome to our dedicated page for Arthur J. Gallagher & Co. news (Ticker: AJG), a resource for investors and traders seeking the latest updates and insights on Arthur J. Gallagher & Co. stock.
Arthur J. Gallagher & Co. (NYSE: AJG) is a leading global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois. With operations across approximately 130 countries, Gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. Additionally, they offer claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services.
Gallagher helps clients address risk, protect assets, and recover from losses, ensuring businesses and institutions continue running smoothly and individuals and families can rebuild their lives. The company’s primary revenue source is its brokerage segment, which negotiates and places its customers with insurance companies providing, among other types, property/casualty and health insurance. Gallagher’s brokerage revenue mainly comes from commissions paid by insurance companies.
Arthur J. Gallagher & Co. is recognized as a World's Most Ethical Company by the Ethisphere Institute. They generate most of their revenue in the United States, with significant contributions from Australia, Bermuda, Canada, the Caribbean, New Zealand, and the United Kingdom.
Recent achievements include several strategic acquisitions to expand their market capabilities and service offerings. In early 2024, Gallagher acquired FarmPLUS Insurance Services, John Galt Insurance Agency, Specialty Risk Management Services, and Private Client Insurance Services, enhancing their presence in the agricultural and real estate markets. Additionally, they renewed their global partnership with Special Olympics International, demonstrating their commitment to promoting inclusion and supporting athletes worldwide.
Gallagher's financial condition remains robust, as evidenced by their strong first-quarter performance in 2024. They reported substantial revenue growth and improved net earnings, driven by increased demand for insurance and reinsurance services and successful integration of recent acquisitions.
For the latest updates and news, investors can visit Gallagher's website or contact their Investor Relations and Communications teams.
Arthur J. Gallagher & Co. has announced the acquisition of UK-based Tay River Holdings Ltd and its related managing general agent companies. The details of the transaction, including financial terms, remain undisclosed. Tay, based in the City of London, specializes in marine liability, ports and terminals liability, marine war risks, and kidnap and ransom coverages, with expansion into maritime professional indemnity and logistics insurance. The acquisition aims to enhance Pen Underwriting's international capabilities and will be led by Paul Hartley. Gallagher operates globally, providing insurance and risk management services across approximately 130 countries.
Arthur J. Gallagher & Co. has announced the acquisition of Viking Bond Service, Inc., a surety bond agency based in Phoenix, Arizona, specializing in commercial, contract, and fidelity bonds. The terms of the transaction remain undisclosed. Founded in 2002, Viking Bond Service enhances Gallagher's surety offerings, supporting its expansion in the market. Tom Buckner and Bill Belpedio will continue their roles under Kevin Garvin, head of Affinity North America. Gallagher operates in about 130 countries and is publicly traded on the NYSE under the symbol AJG.
Arthur J. Gallagher & Co. announced the acquisition of Fort Wayne-based Stewart, Brimner, Peters & Company, Inc. (SBP) on March 20, 2023. The terms of the transaction were not disclosed. SBP specializes in providing commercial and personal insurance products along with employee benefits consulting to clients in Indiana. The acquisition is expected to enhance Gallagher's capabilities in the region, leveraging SBP's strong client relationships for growth. Jason Brimner, John Brimner, Jeff Peters, and Mick Stewart will remain with SBP under Gallagher's Great Lakes operations, led by Sean Gallagher.
On March 6, 2023, Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Bay Risk Services Limited, a UK-based independent Lloyd's broker specializing in delegated underwriting authority. The terms of the acquisition were not disclosed. Bay Risk, founded in 2016, serves niche program managers and carriers, and will integrate into Gallagher Re's global programs practice. The acquisition is expected to enhance Gallagher's offerings in this domain, with the current leadership of Bay Risk continuing under Andrew Smallshaw and Robin Barker-Hahlo. This strategic move aligns with Gallagher's commitment to client excellence and market expansion.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on March 16, 2023, from 8:00 a.m. to 10:30 a.m. CT. The meeting will occur virtually via conference call, where the company's leadership will discuss business operations and financial outlook, followed by a Q&A session with investors.
Participants can listen to the live broadcast on Gallagher's website www.ajg.com/irmeeting. A replay will be available until March 23, 2023. Additional materials will be accessible on the same day at 7:30 a.m. CT.
FAQ
What is the current stock price of Arthur J. Gallagher & Co. (AJG)?
What is the market cap of Arthur J. Gallagher & Co. (AJG)?
What does Arthur J. Gallagher & Co. do?
Where is Arthur J. Gallagher & Co. headquartered?
What are the main services offered by Gallagher?
How does Gallagher generate revenue?
What recognition has Gallagher received for its ethical practices?
Which regions contribute significantly to Gallagher's revenue?
What recent acquisitions has Gallagher made?
How does Gallagher support the Special Olympics?
How was Gallagher's financial performance in the first quarter of 2024?
Where can investors find more information about Gallagher?
