J. Patrick Gallagher Jr. News

Gallagher Acquires 38.5% Stake in Jamaica’s CGM Group

Arthur J. Gallagher & Co. announced that it has acquired a 38.5 percent equity interest in CGM Group Limited, headquartered in Kingston, Jamaica. Terms of the transaction were not disclosed. CGM, which started in 1971, “is an insurance intermediary and …

Risk managers take strong stand against contingent commissions

RIMS issues new policy statement denouncing such incentive pay for all agents and brokers, whether Wall Street or Main Street The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent …

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Risk managers take strong stand against contingent commissions RIMS issues new policy statement denouncing such incentive pay for all agents and brokers, whether Wall Street or Main Street The largest association of commercial insurance buyers has stepped-up its opposition to …

Gallagher leader says carriers’ and brokers’ service to risk

Insurance CEOs tell risk managers improving service continues to be a top priority When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, …

Gallagher leader says carriers’ and brokers’ service to risk managers today ‘stinks’

When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, president and CEO of broker Arthur J. Gallagher & Co. Speaking on a …

Risk Managers Take Strong Stand Against Contingent Commissions

The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of interest” in a strongly worded policy restatement. The 10,000-member Risk and …

Ill. Arthur J. Gallagher Announces Quarterly Cash Dividend Increase

Arthur J. Gallagher & Co. announced that its Board of Directors declared a quarterly cash dividend on the company’s common stock of $.31 per share payable on April 13, 2007 to shareholders of record as of March 30, 2007. Gallagher …

Wanna Get Away? See the USA? Insurance Journal Tracks ’07 Meetings

Looking to rub elbows with industry leaders? Maurice “Hank” Greenberg will be in Atlanta and Lord Peter Levene of Lloyd’s will be in Singapore. Feel like networking among the stars? Fox News commentator Bill O¹Reilly and veteran journalist Morton Kondracke …

Ill. Gallagher & Co. Reach Settlement in Federal Class Action Case

Arthur J. Gallagher & Co. announced today that it has agreed to resolve all claims in the Federal Multi-District (MDL) class action pending in the New Jersey Federal District Court against commercial insurers and brokers relating to industry-wide contingent commission …

Arthur J. Gallagher Announces 4th Quarter Dividend, Board Appointments

Arthur J. Gallagher & Co. declared a regular quarterly cash dividend of $.30 per share on the common stock of the company, payable on Jan. 15, 2007 to shareholders of record as of Dec. 29, 2006. Under separate action, the …