Latest A.J. Gallagher Headlines
All the headlines from our A.J. Gallagher Topic Page, ordered by recency.
Gallagher Profit Down 64.7%, Revenues Up 22%
Apr 25 2003 // Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co.’s first-quarter net income dropped by 64.7 percent in the first quarter to $11.9 million, while the firm reported $254.3 million in revenues, up by 22...
Gallagher Forgives $2.3 Million Loan to Ex-CFO
Apr 21 2003 // Itasca, Ill.-based brokerage Arthur J. Gallagher & Co. has forgiven the unpaid balance on a $2.3-million loan to Michael J. Cloherty, who stepped down as chief financial officer in 2003. After stepping down, Cloherty...
Fla. Bill Tightening Penalties for Selling Unlicensed Ins. Clears Committee
Mar 27 2003 // Florida’s Chief Financial Officer Tom Gallagher praised the Senate Banking and Finance Committee’s passage of a bill that would provide stronger criminal penalties for operators of unlicensed insurance entities...
Arthur J. Gallagher & Co. Acquires Calif. Agency
Mar 14 2003 // Arthur J. Gallagher & Co. announced the acquisition of Benefits Planning & Insurance Agency, Inc. of Larkspur, Calif. Founded in 1978, Benefits Planning & Insurance Agency (“BPI”) is one of the...
Gallagher Acquires Kentucky and Seattle Agencies
Feb 11 2003 // Arthur J. Gallagher & Co. has acquired W. E. Kingsley Co. Inc. of Lexington, Ky., and McRory & Co. and Harman & McRory Co., both of Seattle, Wash. The Itasca, Ill.-based brokerage did not disclose terms of...
21st Century Group CFO Resigns, Will Join Arthur J. Gallagher
Feb 3 2003 // California-based 21st Century Insurance Group Chief Financial Officer, Douglas Howell, has resigned effective Feb. 7. Howell will join Chicago-based insurance broker, Arthur J. Gallagher. “Doug played an important...
Gallagher Earnings Up 29% in Fourth Quarter
Jan 30 2003 // Insurance brokerage giant Arthur J. Gallagher & Co. rode the hard market wave to a 29 percent increase in fourth-quarter net operating earnings of $40.8 million, or 44 cents per share, and the companys says the tide...
New Fla. Dept. of Financial Services in Full Swing
Jan 13 2003 // The Florida Department of Financial Services, the new agency resulting from the merger of the departments of Insurance and Banking and Finance, has opened its doors. The agency, headed by Chief Financial Officer Tom...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
Gallagher Acquires Louisiana’s Encore Insurance & Bonding
Dec 11 2002 // Arthur J. Gallagher & Co. announced the acquisition of Encore Insurance & Bonding Inc. of New Orleans, La., a full-service insurance agency which specializes in offering risk management and commercial...
Orlando Agent Charged with Selling Bogus Policies
Nov 26 2002 // Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Michael E. Rock of Orlando, was arrested on charges of soliciting thousands of Florida doctors to purchase fraudulent medical malpractice...
Gallagher Elects Elbert O. Hand to Board of Directors
Nov 22 2002 // The Board of Directors of Arthur J. Gallagher & Co. announced that it has elected Elbert O. Hand to serve on the Company’s Board for a term expiring in 2005. The company’s shareholders will be asked to...
Gallagher Acquires Iowa’s Grandy Pratt Co.
Nov 19 2002 // Arthur J. Gallagher & Co. announced that it has acquired the Grandy Pratt Company, headquartered in Sioux City, Iowa, and their affiliate Grandy Pratt McCoy, Rosenberg and Associates of Des Moines, Iowa. Terms of the...
Florida to See WC Premiums Hikes
Nov 15 2002 // Workers’ compensation premiums may rise by an average of 15 percent next year for many Florida employers, with some employer groups paying as much as a 42 percent rate increase, according to Florida Treasurer and...
Gallagher Announces Increase in Operating Revenues, Decline in Net Earnings in 3Q
Oct 24 2002 // Illinois-based Arthur J. Gallagher & Co. reported that total operating revenues grew 29% to $297.0 million in the third quarter of 2002 from $229.6 million in the same period of 2001. For the nine-month period ended...
TheStreet.Com Names Gallagher CEO as Top Company Head
Oct 16 2002 // J. Patrick Gallagher, the current head of the Illinois-based broker that bears his name and was founded by his grandfather, heads the list of TheStreet.Com’s seven best U.S. CEO’s. The Internet financial site...
Gallagher Names David L. Marcus Corporate VP
Sep 19 2002 // Arthur J. Gallagher & Co. announced that its Board of Directors has appointed David L. Marcus to the position of Corporate Vice President. Marcus first joined Gallagher in 1985 as an account manager in the...
Michael J. Cloherty Resigns as Gallagher VP, CFO
Sep 5 2002 // Arthur J. Gallagher & Co. announced that Executive VP and CFO, Michael J. Cloherty, has resigned his current positions and stepped down from the Company’s Board of Directors effective September 3, 2002. The...
Fla. Department Clarifies who is Exempt under New Workers’ Comp Law
Aug 20 2002 // A key administrative rule has been published clarifying which tradespeople must have workers’ compensation coverage in order to work on commercial construction projects valued at $250,000 or more, according to...
N.A.P.T. Chief Officer Pleads Guilty to Fla. Fraud
Aug 7 2002 // The chief organizer of a Pennsylvania organization that reportedly sold bogus health insurance to thousands of Floridians has pleaded guilty to two felony counts of communications fraud, Florida Treasurer and Insurance...
