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Arthur J. Gallagher & Co. reports developments tied to its global insurance brokerage, risk management and consulting services business. Company news commonly covers quarterly financial results, dividend declarations, acquisition activity, and updates from its brokerage and risk management operations across owned offices and correspondent broker and consultant networks in approximately 130 countries.
Recurring updates also include product and service initiatives such as Gallagher Blueprint, which combines AI-driven analytics, proprietary data and specialist expertise for client risk profiles and insurance program planning. Gallagher news also covers research on business risk topics, acquisition integration, and additions to retail brokerage, employee benefits, HR consulting and wealth management capabilities in markets such as Australia.
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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.
H.I.G. Capital announces the sale of its portfolio company, Buck, to Arthur J. Gallagher & Co (NYSE: AJG). Buck, founded in 1916, specializes in retirement plan consulting, health and welfare consulting, and technology-enabled benefits administration. H.I.G. acquired Buck in August 2018, transforming it into a standalone entity and fostering significant growth. CEO Jack Freker expressed gratitude towards H.I.G. for their support and looks forward to future growth under Gallagher. The transaction was advised by Harris Williams, while Kirkland & Ellis provided legal counsel.
Arthur J. Gallagher & Co. has successfully completed the acquisition of Buck, a leading provider of HR, pensions, and employee benefits consulting services. This strategic acquisition is expected to enhance Gallagher's capabilities in retirement and benefits consulting, leveraging Buck's expertise with a workforce of 2,300 employees operating under Gallagher's direction. Chairman Patrick Gallagher, Jr. emphasized the complementary strengths that will provide growth opportunities and increased value for clients. Gallagher operates in approximately 130 countries, underscoring its global presence in insurance brokerage and risk management.
Arthur J. Gallagher & Co. has announced the acquisition of UK-based Tay River Holdings Ltd and its related managing general agent companies. The details of the transaction, including financial terms, remain undisclosed. Tay, based in the City of London, specializes in marine liability, ports and terminals liability, marine war risks, and kidnap and ransom coverages, with expansion into maritime professional indemnity and logistics insurance. The acquisition aims to enhance Pen Underwriting's international capabilities and will be led by Paul Hartley. Gallagher operates globally, providing insurance and risk management services across approximately 130 countries.
Arthur J. Gallagher & Co. has announced the acquisition of Viking Bond Service, Inc., a surety bond agency based in Phoenix, Arizona, specializing in commercial, contract, and fidelity bonds. The terms of the transaction remain undisclosed. Founded in 2002, Viking Bond Service enhances Gallagher's surety offerings, supporting its expansion in the market. Tom Buckner and Bill Belpedio will continue their roles under Kevin Garvin, head of Affinity North America. Gallagher operates in about 130 countries and is publicly traded on the NYSE under the symbol AJG.
Arthur J. Gallagher & Co. announced the acquisition of Fort Wayne-based Stewart, Brimner, Peters & Company, Inc. (SBP) on March 20, 2023. The terms of the transaction were not disclosed. SBP specializes in providing commercial and personal insurance products along with employee benefits consulting to clients in Indiana. The acquisition is expected to enhance Gallagher's capabilities in the region, leveraging SBP's strong client relationships for growth. Jason Brimner, John Brimner, Jeff Peters, and Mick Stewart will remain with SBP under Gallagher's Great Lakes operations, led by Sean Gallagher.
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On March 6, 2023, Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Bay Risk Services Limited, a UK-based independent Lloyd's broker specializing in delegated underwriting authority. The terms of the acquisition were not disclosed. Bay Risk, founded in 2016, serves niche program managers and carriers, and will integrate into Gallagher Re's global programs practice. The acquisition is expected to enhance Gallagher's offerings in this domain, with the current leadership of Bay Risk continuing under Andrew Smallshaw and Robin Barker-Hahlo. This strategic move aligns with Gallagher's commitment to client excellence and market expansion.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold its quarterly management meeting on March 16, 2023, from 8:00 a.m. to 10:30 a.m. CT. The meeting will occur virtually via conference call, where the company's leadership will discuss business operations and financial outlook, followed by a Q&A session with investors.
Participants can listen to the live broadcast on Gallagher's website www.ajg.com/irmeeting. A replay will be available until March 23, 2023. Additional materials will be accessible on the same day at 7:30 a.m. CT.