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.
Summary not available.
Arthur J. Gallagher & Co. (NYSE: AJG) has successfully completed the acquisition of The Bollington Wilson Group, a specialized UK insurance broker. This strategic acquisition aims to enhance Gallagher's service offerings and expand its market presence in the UK. Gallagher, headquartered in Rolling Meadows, Illinois, operates in 49 countries, providing risk management and consulting services globally. The Bollington acquisition is expected to drive growth and strengthen Gallagher's competitive position in the insurance sector.
Summary not available.
Arthur J. Gallagher & Co. (NYSE: AJG) reported strong financial results for the fourth quarter and year ended December 31, 2020, showing a total revenue of $6.85 billion, down 2.9% YoY. Net earnings increased to $858.1 million from $715.8 million, marking a 19% growth. Adjusted EPS rose to $4.72, up 30% from $3.64. Brokerage segment revenue reached $5.17 billion, boosted by increased organic growth, while the Risk Management segment reported revenue of $821.7 million. Management expressed optimism about favorable market conditions in 2021 despite ongoing pandemic challenges.
Arthur J. Gallagher & Co. (NYSE: AJG) has declared a $0.48 quarterly cash dividend, marking a $0.03 increase from the previous quarter. This dividend will be payable on March 19, 2021, to shareholders of record as of March 5, 2021. The company, headquartered in Rolling Meadows, Illinois, operates in 49 countries with service capabilities in over 150 countries, solidifying its position as a leading global insurance brokerage and risk management firm.
Arthur J. Gallagher & Co. (AJG) announced the acquisition of San Diego-based Atlas General Holdings, LLC, enhancing its capabilities in the workers' compensation market. Founded in 2009, Atlas offers multifaceted insurance solutions across the U.S., with a strong focus on California. The leadership team from Atlas will remain in place, reporting to Joel Cavaness of Gallagher's Risk Placement Services. Chairman J. Patrick Gallagher, Jr. highlighted Atlas's expertise and complementary business portfolio, signaling important growth potential for AJG post-acquisition.
Arthur J. Gallagher & Co. (NYSE: AJG) will announce its fourth quarter 2020 earnings on January 28, 2021, after market close. A conference call, led by J. Patrick Gallagher, Jr., will take place the same day at 5:15 pm ET. The call will be available live on the company's website, with a replay accessible shortly after.
Headquartered in Rolling Meadows, Illinois, Gallagher operates in 49 countries and serves clients across 150 countries through a network of brokers and consultants.
Arthur J. Gallagher & Co. has announced an agreement to acquire 100% of the UK specialist insurance broker, The Bollington Wilson Group. Founded in 1973, Bollington has grown significantly, now employing over 400 people across multiple locations. The acquisition aims to enhance Gallagher's UK Retail Division, leveraging Bollington's strong market presence and complementary business capabilities. Gallagher's CEO emphasized the cultural alignment and entrepreneurial spirit shared by both firms. The transaction awaits regulatory approval before finalization.
Arthur J. Gallagher & Co. (NYSE: AJG) has acquired Cain Insurance Services Ltd., a Fredericton-based property/casualty broker. While the transaction's terms remain undisclosed, this acquisition aims to enhance Gallagher's existing operations in Atlantic Canada. Founded in 1986, Cain Insurance specializes in commercial and personal insurance, particularly in public sector, manufacturing, agriculture, and construction. The acquisition is seen as a strategic move to complement Gallagher's regional presence and strengthen client relationships.
Summary not available.