Arthur J. Gallagher & Co., a prominent global insurance brokerage and risk management services firm, has expanded its market footprint through the acquisition of CCI Surety, Inc., a specialist in wholesale contract and commercial surety bonds based in Golden Valley, Minnesota. The terms of the transaction have not been disclosed, reflecting the confidentiality typically associated […]
In a move to bolster its service offerings in Ireland, Arthur J. Gallagher & Co. has acquired Keaney Insurance Brokers Ltd, a Dublin-based commercial insurance brokerage firm. While the financial terms of the transaction remain confidential, this acquisition marks a significant step in Gallagher’s expansion strategy. Strategic Expansion in Ireland Keaney is renowned for its […]
Cadence Bank (NYSE: CADE) has unveiled a definitive pact to divest its insurance unit, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. (Gallagher) (NYSE: AJG) in a $904 million cash transaction. Reinvestment and Core Banking Focus The disposal of Cadence Insurance, celebrated as the nation’s second-largest bank-affiliated insurance broker by Business Insurance, unlocks opportunities […]
Arthur J. Gallagher & Co. unveiled its acquisition of the assets of Meadowbrook Insurance Agency, a prominent retail insurance broker headquartered in Southfield, Michigan. While the financial intricacies of this transaction remain undisclosed, the deal signifies a strengthening of Gallagher’s foothold in the Michigan and Florida insurance markets. Acquisition Highlights: Inclusion of Affiliated Entities Further […]
Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, has announced the acquisition of Benchmark Commercial Insurance Services, a Carlsbad, California-based retail insurance agency. Details of the transaction were not released. Benchmark Commercial Insurance Services has been providing commercial and personal risk management and insurance solutions to business owners […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Mavco Insurance Group, an Australian general insurance broker and risk management firm, for an undisclosed price. Headquartered in Perth, Western Australia, Mavco Insurance Group caters to corporate customers across Australia and abroad. The areas in which Mavco Insurance Group has expertise are construction, engineering, health, […]
Arthur J. Gallagher & Co. (Gallagher) has acquired Stewart, Brimner, Peters & Company, Inc. (SBP), a retail insurance broker based in Fort Wayne, Indiana for an undisclosed price. Stewart, Brimner, Peters provides a range of personal and commercial insurance products in addition to employee benefits consulting to clients across central and northern Indiana. According to […]
Arthur J. Gallagher & Co., through its reinsurance unit Gallagher Re, has acquired the business and assets of Bay Risk Services, based in the UK, for an undisclosed price. Established as a London-based Lloyd’s broker in 2016, Bay Risk Services was a member of the Optio Group, a specialty line-focused managing general agent (MGA) and […]
Arthur J. Gallagher & Co. said that it has acquired Anderson Benson, a retail insurance broker and risk management firm, based in Nashville, Tennessee for an undisclosed price. Established in 2012, Anderson Benson is said to have expertise in the entertainment niche expertise. It also specializes in hospitality, transportation, construction, and private clients across the […]
Arthur J. Gallagher & Co., through its subsidiary – Risk Placement Services (RPS), has acquired Remco Insurance Agencies based in Austin, Texas for an undisclosed price. Remco Insurance Agencies, which has been operating since 1987, is a retail non-standard auto insurance agency that caters to clients across Texas. According to Arthur J. Gallagher & Co., […]