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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Arthur J. Gallagher & Co. announced the acquisition of Global Financial Brokers Limited and its affiliate Total Benefits Specialists Limited, based in Trinidad and Tobago, on December 7, 2022. Founded in 1995, Global Financial Brokers specializes in retail insurance, providing health, life, pension, and wellness solutions. This acquisition aims to enhance Gallagher's growth and presence in the Caribbean market. Key team members will continue under the leadership of Gallagher Caribbean's Group CEO, Michael Thornhill. The terms of the transaction remain undisclosed.
Arthur J. Gallagher & Co. (NYSE: AJG) will hold a management meeting on December 13, 2022, in New York City, from 9:00 a.m. to 12:00 p.m. ET. Company leaders will discuss operational and financial outlooks and engage with attendees. A live audio webcast will be available, and a replay can be accessed until December 20, 2022. Relevant materials will be posted on the company's website on December 13 at 8:45 a.m. ET. Gallagher is an international insurance brokerage and consulting firm headquartered in Rolling Meadows, Illinois.
Arthur J. Gallagher & Co. announced the acquisition of Bulen & Associates Insurance Services, a retail property/casualty insurance agency based in Murrieta, California. While the transaction terms were not disclosed, the integration aims to enhance Gallagher's presence in southern California, leveraging Bulen's community roots and strong client relationships. Lisa Mosby and her team will continue operations under Gallagher's leadership, indicating a strategic move to strengthen Gallagher's retail brokerage capabilities and expand their market reach.
Arthur J. Gallagher & Co. (NYSE: AJG) announced a renewal of its equity financing program to support acquisitions. The company filed a shelf registration statement for 7.0 million shares, adding to the existing 2.0 million shares available from a previous statement. Additionally, Gallagher established an at-the-market equity program to sell up to 3.0 million shares, with proceeds aimed at funding future acquisitions and general corporate purposes. These actions complement a $1.5 billion stock repurchase authorization, providing flexibility in capital management.
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On November 2, 2022, Arthur J. Gallagher announced the acquisition of Tejas American General Agency (TAGA), a Texas-based managing general agency specializing in commercial, farm, and personal insurance products. The acquisition is expected to enhance Gallagher's growth opportunities in Texas. Key executives from TAGA will continue to operate under Risk Placement Services, Inc., a division of Gallagher, under the direction of Kevin Doyle. The transaction terms remain undisclosed, with Gallagher emphasizing TAGA's strong culture and expertise as assets for future expansion.
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.