Arthur J. Gallagher News

Specialist Broker Capsicum Re Launches in Latin America; Operation Led by Smith

Capsicum Re, the London-based specialist reinsurance broker, announced it has launched Capsicum Re Latin America (CRLA). “This is a major step in Capsicum Re’s strategy to become a full service, international, challenger reinsurance broker,” said the company, adding that the …

Gallagher’s Agnew Named Chair, London & International Insurance Brokers’ Assn.

Arthur J. Gallagher International announced that Andrew Agnew, managing director of specialty and member of its executive committee, has been appointed chairman of the London & International Insurance Brokers’ Association (LIIBA). He succeeds Steve Hearn of CGSC and takes up …

Arthur J. Gallagher & Co. Acquires Australia’s Strathearn Insurance Brokers

Arthur J. Gallagher & Co. has acquired 100 percent of the capital stock of Strathearn Insurance Group Pty Ltd., headquartered in Perth, Australia. Terms of the transaction were not disclosed. Founded in 1993, Strathearn provides commercial insurance and risk management …

Arthur J. Gallagher Buys Canada Broker Christie-Phoenix & Its Affiliate, Discovery

Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has extended its investment in Canada with the acquisition of retail insurance broker Christie-Phoenix (Victoria) Ltd. and its affiliate, Discovery Insurance Services …

Arthur J. Gallagher Creates Technical Advisory Board; Appoints Jack as Head

Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has appointed David Jack to lead its newly created Technical Advisory Board. The board will oversee a review of the business’ existing systems to identify ways …

UK’s Towergate Contributes to £20M ($30.9M) Gallagher Lawsuit Settlement

The lawsuit filed by Arthur J. Gallagher against the former CEO of its international brokerage operation, David Ross, who defected to Towergate earlier in the year – has been settled for a payment of £20 million ($30.9 million). Gallagher filed …

‘Affinity Schemes’ Achieving Growth in UK Commercial Lines: Finaccord Report

A new report from UK-based financial marketing and consulting firm Finaccord concludes that “affinity schemes for commercial lines insurance in the UK are on the rise as brokers and underwriters strive to grow market share and profitability in a tough …

Gallagher Plans to Buy Controlling Stake in Colombian Broker Guianza

Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros, subject to regulatory approval. The remaining shares …

UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study

Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the size of the total non-life insurance broking market in the UK in 2014, up marginally from £4.55 billion [$7.09 billion] …

Gallagher Buys 65% of ARM Re, Colombian Energy & Construction Specialist

Arthur J. Gallagher – the international division of Arthur J. Gallagher & Co. – has extended its investment in Latin America with a 65 percent shareholding in independent Colombian energy and construction specialist ARM Re Ltda (ARM). Other terms of …