Arthur J. Gallagher & Co. Acquires Allied Risk Management

(Low)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

acquisition

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

05/17/2023 - 05:00 AM EDT

ROLLING MEADOWS, Ill., May 17, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, Inc., has acquired Dublin, Ireland-based Allied Risk Management. Terms of the transaction were not disclosed.

Allied Risk provides insurance and reinsurance management services as well as actuarial services to clients globally. Frank Coyle and his team will remain in their current location under the direction of Paul Eaton, head of Artex International.

"Allied Risk is a highly respected company that will enhance Artex's insurance management and actuarial capabilities," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Frank and his associates to our growing, global team."

Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Investors: Ray Iardella, VP - Investor Relations		Media: Paul Day, Communications Manager
630-285-3661/ ray_iardella@ajg.com		630-285-5946/ paul_day1@ajg.com