Arthur J. Gallagher & Co. Completes Acquisition of M&T Insurance Agency, Inc.
Arthur J. Gallagher & Co. has successfully completed the acquisition of MT Insurance Agency, Inc., based in Buffalo, New York, and an indirect subsidiary of M&T Bank Corporation.
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.
Rhea-AI Summary
Arthur J. Gallagher & Co. has successfully completed the acquisition of MT Insurance Agency, Inc., based in Buffalo, New York, and an indirect subsidiary of M&T Bank Corporation. The terms of the transaction were not disclosed. Following this acquisition, Gallagher will serve as the preferred insurance broking partner for M&T Bank, enhancing its position in the insurance market. Gallagher, a global leader in insurance brokerage and risk management services, operates in approximately 130 countries and aims to leverage this acquisition to expand its market offerings.
Positive
- Acquisition enhances Gallagher's partnership with M&T Bank, boosting market presence.
- Strengthens Gallagher's position as a global insurance brokerage.
Negative
- None.
Details
News Market Reaction – AJG
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ROLLING MEADOWS, Ill., Nov. 1, 2022 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced it has completed the previously disclosed acquisition of Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation. Terms of the transaction were not disclosed.
In connection with the transaction, Gallagher becomes the preferred insurance broking partner of M&T Bank.
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 | Media: Paul Day |
VP - Investor Relations | Communications Manager |
630-285-3661/ ray_iardella@ajg.com | 630-285-5946/ paul_day1@ajg.com |
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SOURCE Arthur J. Gallagher & Co.
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