Arthur J. Gallagher & Co Stock Price, News & Analysis

On April 26, 2023, Arthur J. Gallagher & Co. (NYSE: AJG) declared a regular quarterly cash dividend of $0.55 per share on its Common Stock. This dividend is set to be paid on June 16, 2023, to stockholders of record as of June 2, 2023. Headquartered in Rolling Meadows, Illinois, Gallagher operates globally, providing insurance brokerage, risk management, and consulting services in approximately 130 countries through its owned operations and a network of correspondent brokers and consultants.

Resolute Global Partners has launched Footprint, a groundbreaking reinsurance contract developed with Gallagher Re and Karen Clark & Company. This innovative solution addresses longstanding issues in the reinsurance industry, such as trapped capital, pricing uncertainty, and non-modeled risks. Footprint can be applied to various natural disasters, initially focusing on severe convective storms, which are notable for their high costs to insurers. The contract features rapid claim settlements within 30 days and automatic commutation after contract maturity. This product aims to provide better coverage and liquidity for insurance companies while offering investors an efficient entry into the property reinsurance market. Industry leaders express optimism that Footprint can transform the reinsurance landscape, especially amid the current favorable rate environment.

Arthur J. Gallagher & Co. (NYSE: AJG) is set to announce its first quarter 2023 earnings on April 27, 2023, after market closure. A conference call will be hosted by Chairman and CEO J. Patrick Gallagher, Jr. at 5:15 PM ET on the same day. Shareholders and interested parties can access the live broadcast through Gallagher's website, with a replay available two hours post-broadcast. Gallagher operates globally, providing insurance brokerage, risk management, and consulting services across approximately 130 countries. Further details can be found on their official website.

Harris Williams has advised Buck, a company specializing in HR, pensions, and employee benefits, on its sale to Arthur J. Gallagher & Co. (NYSE: AJG). The deal is anticipated to enhance Gallagher's service offerings and accelerate growth, combining Buck's technology-driven solutions with Gallagher's broad insurance and consulting services. Buck, founded over a century ago, aims to improve employee well-being and organizational performance. H.I.G. Capital, Buck's parent company, manages $55 billion in equity capital. This acquisition reflects the growing demand for integrated employee benefit solutions in the marketplace.