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.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Florida-based Harden & Associates, Inc., enhancing its position in the Southeastern U.S. insurance market. Harden, established in 1953 and headquartered in Jacksonville, specializes in retail property/casualty and employee benefits, focusing on sectors such as healthcare and real estate. The acquisition is expected to strengthen Gallagher's healthcare and real estate practices while expanding its footprint in North Florida and along the East Coast. Financial terms of the deal were not disclosed.
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Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Premier Brokerage Services, Inc., a life insurance wholesale agency based in Jenkintown, PA. The acquisition aims to enhance Gallagher's life brokerage capabilities, particularly in the high-net-worth agent and advisory markets. Founded in 1995, Premier specializes in permanent and term life insurance, annuities, and long-term care products, with approximately 80% of its business on the East Coast. The financial terms of the deal were not disclosed, and Premier's team will continue under Gallagher's leadership.
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Arthur J. Gallagher & Co. (NYSE: AJG) will conduct its quarterly management meeting on December 15, 2020, from 8:00 a.m. CT to 10:30 a.m. CT. The meeting will be held virtually via conference call, featuring insights on the company's operations and financial outlook. Investors can join the live broadcast on Gallagher's website, with replays available until December 22, 2020. Additional materials will be accessible starting 7:30 a.m. CT on the same day.
Arthur J. Gallagher & Co. (NYSE: AJG) has acquired North Star Insurance Services, LLC and North Star Marine Insurance Services, LLC, enhancing its marine insurance capabilities. Founded in 2001, North Star specializes in marine insurance for commercial fishing and cargo vessels, serving clients nationwide. This strategic acquisition is expected to strengthen Gallagher's existing marine business through North Star's established client relationships and expertise. Key leadership from North Star will continue to operate under Gallagher's Northwest region.
Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of JP Warner Associates, a Wayne, PA-based employee benefits consultant. Founded in 1997, JP Warner specializes in group benefit plans and human resource consulting for clients in the Philadelphia suburbs and Lehigh Valley. The terms of the acquisition were not disclosed. Jonathan P. Warner and his team will continue operations under Gallagher's Atlantic region management. This strategic move aims to enhance Gallagher's consulting capabilities in the Philadelphia area and expand services into the Lehigh Valley.
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Gallagher's 2020/2021 Salary Planning Survey reveals that 45% of U.S. organizations are reassessing salary increases due to COVID-19. Data from 1,283 organizations shows 51% expect to reduce salary increases, while 45% plan to suspend them entirely. Before the pandemic, 66% of employers had already implemented pay raises. The survey indicates a shift towards variable pay models as firms seek flexible compensation strategies. This report helps employers navigate economic uncertainties while maintaining workforce stability.
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