Arthur J. Gallagher & Co. - AJG STOCK NEWS

Arthur J. Gallagher & Co. (AJG) has acquired Cornerstone Commercial & Personal Insurance Services, Inc., based in Rancho Cucamonga, California. The terms of the deal were not disclosed. Cornerstone serves commercial and personal clients, focusing on commercial real estate, construction, and homeowners associations in San Bernardino and Riverside counties. Phil and Allison Hakopian and their team will continue operating from their current location under Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations. This acquisition aims to enhance Gallagher's expertise in the homeowners association niche.

Arthur J. Gallagher & Co. (AJG) has acquired Zayla Partners, , a Texas-based executive compensation strategy firm. The acquisition enhances Gallagher's HR and compensation consulting capabilities, aligning with its strategic growth plans. Zayla's team, led by Chris Crawford and Ian Keas, will remain in their current Texas and Colorado locations, under the management of Steve Coco, Gallagher's Global HR & Compensation Consulting Managing Director. The financial terms of the acquisition were not disclosed.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm with operations in approximately 130 countries.

Gallagher's 2024 U.S. Organizational Wellbeing Report reveals that retention remains a top priority for HR (62%) and operations (45%). Despite a turnover rate of at least 15% in 2023 for half of employers, 67% experienced turnover within their target range or lower, indicating stabilizing attrition rates.

The report, based on data from over 3,500 U.S. organizations, highlights trends in organizational strategy, HR technology, and healthcare costs. Emotional wellbeing remains a priority for 64% of employers, with an emphasis on mental health and social connectedness.

Rising healthcare costs are a concern, with 73% of employers expecting increases in 2024. This has led to a focus on controlling employee benefits costs, which is now a top priority for 28% of HR and 19% of operations teams.

Employers are advised to optimize their total rewards programs, phasing out less valuable benefits and ensuring employees understand and appreciate the offered benefits.

Arthur J. Gallagher & Co. has announced the acquisition of OperationsInc, a consulting firm based in Norwalk, Connecticut.

The financial terms of the deal were not disclosed. OperationsInc specializes in human resources, payroll, HRIS services, talent acquisition, and employee training for clients across the U.S.

The current team, led by David Lewis, will remain in place, reporting to Steve Coco, Gallagher's Global HR & Compensation Consulting Managing Director. This acquisition aims to enhance AJG's client offerings in HR consulting.

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in about 130 countries.

Arthur J. Gallagher & Co. (NYSE: AJG) announced that its subsidiary, Artex, has acquired Implement Compliance Solutions & Resources (ICSR), a London-based firm specializing in compliance, governance, risk, and operational consulting services for insurance firms in the UK. While the transaction's terms were not disclosed, ICSR's team, led by Kenneth Underhill, will continue operating from their current location under the leadership of Paul Eaton, head of Artex EMEA. J. Patrick Gallagher, Jr., CEO, emphasized that the acquisition enhances Artex’s capabilities, especially in serving clients undergoing regulatory and transformational changes. Gallagher operates in approximately 130 countries, providing insurance brokerage, risk management, and consulting services.

Gallagher's recent survey reveals significant concerns among U.S. business owners about their insurance coverage for unforeseen events. Key findings include: 91% worry about extreme weather, 69% about cyber-attacks (though only 32% have coverage), 68% about supply chain disruptions, and 63% about U.S. election impacts. The study also highlights AI investment trends, with 81% planning to maintain or increase AI investments in 2024. However, risks like data exposure and regulatory issues are prevalent. Notably, 80% of businesses experienced financial growth in the past year, and nearly all have implemented risk management strategies. Talent attraction and retention remain crucial, with 86% concerned about this internal factor.

Arthur J. Gallagher & Co. (NYSE: AJG) will host its quarterly management meeting on June 25, 2024, from 8:00 a.m. to 10:30 a.m. CT. The virtual conference call will feature presentations on the company's business operations and financial outlook, followed by a Q&A session. The live broadcast and replay will be accessible via the company's website. Supporting materials will be available at 7:45 a.m. CT on the same day. Arthur J. Gallagher & Co. is a global insurance brokerage and consulting firm active in 130 countries.

Arthur J. Gallagher & Co. announced the acquisition of Wrightway Underwriting , a managing general agent specializing in motor and liability coverages for the haulage and fleet sector in Ireland. The terms of the deal were not disclosed. Wrightway will now operate under Gallagher's subsidiary, Pen Underwriting, with David Crean continuing to lead the team, alongside Linda Roberts and Mary Lyons. The acquisition aims to enhance Gallagher's capabilities and provide growth opportunities within the Irish market. Arthur J. Gallagher & Co. is a global insurance brokerage and consulting services firm headquartered in Rolling Meadows, Illinois, operating in around 130 countries.

Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Crawford Insurance, a Pittsburgh-based retail insurance agency specializing in property/casualty products for commercial and personal lines in Pennsylvania, South Carolina, and Virginia. Terms of the deal were not disclosed. Crawford Insurance, a multi-generation family business, will continue operations under the direction of Sean Gallagher, head of Gallagher's Great Lakes region. CEO J. Patrick Gallagher Jr. praised Crawford Insurance's market expertise and client service commitment. AJG operates globally in 130 countries and provides insurance brokerage, risk management, and consulting services.