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.
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.
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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.
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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.