Arthur J. Gallagher & Co. News

Arthur J. Gallagher Acquires Cornerstone in California

Arthur J. Gallagher & Co. acquired Rancho Cucamonga, California-based Cornerstone Commercial & Personal Insurance Services Inc. Phil Hakopian, Allison Hakopian and their team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region …

Gallagher’s Artex Acquires UK’s Implement Compliance Solutions & Resources Ltd.

Arthur J. Gallagher & Co.’s captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Ltd. (ICSR). Terms of the transaction were not disclosed. ICSR provides consulting and support services on compliance, governance, risk …

Gallagher’s Pen Underwriting Acquires Irish MGA Wrightway Underwriting Ltd.

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced that its specialist underwriting subsidiary Pen Underwriting has acquired Ireland’s Wrightway Underwriting Ltd. Terms of the transaction were not disclosed. Based in Wexford, Ireland, Wrightway is a managing general …

Arthur J. Gallagher & Co. Buys Health Insurance Consultants Australia

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Melbourne, Victoria-based Health Insurance Consultants Australia (HICA). Terms of the transaction were not disclosed. HICA is a specialist health insurance consultancy and brokerage firm serving corporate …

Arthur J. Gallagher & Co. Acquires Australia’s Prasidium Credit Insurance

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sydney-based Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Mark …

Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd.

Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms of the transaction were not disclosed. Simply is a workplace communication agency providing consulting services and digital solutions to enhance …

Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023

Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown โ€“ reported generally strong revenues in 2023, with annual increases ranging from 7% (Aon) to 18% (Arthur J. …

Arthur J. Gallagher Acquires Ericson Advisors of Connecticut

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 serving high-net-worth clients nationwide. Spencer Houldin, Peter Houldin and their team will remain …

Arthur J. Gallagher Acquires New England’s Rowley Agency

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 employee benefits products to commercial and personal lines clients primarily …

Gallagher Re Acquires Toronto-Basded Broker MGB Re

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 health maintenance organizations (HMOs), managing general underwriters (MGUs) and …