On Feb. 1, Arthur J. Gallagher & Co. announced a leadership transition in its U.S. Wholesale Brokerage Business. After an impressive career, Chairman of Risk Placement Services, Inc. (RPS) David E. (Dave) McGurn, Jr. has decided to step away from his daily responsibilities. He will be taking on a new role with Gallagher as a special advisor, providing strategic guidance to the company's growing wholesale and retail operations. In his place, Joel D. Cavaness, current President of RPS, will join the Gallagher Executive Management Committee reporting directly to J. Patrick (Pat) Gallagher, Jr., Chairman, President and Chief Executive Officer of Arthur J. Gallagher & Co. Cavaness will continue to provide day-to-day leadership for the business unit.
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The National Weather Service has issued a blizzard warning for the Baltimore and Washington, D.C. metro areas, as well as blizzard watches for Eastern Pennsylvania and the New York City area. Winter storm warnings have been issued as far south as the Carolinas and as far west as Arkansas. Forecasters are predicting heavy snowfall, ice, strong winds and coastal flooding.
Gallagher was recognized as a 2016 Best Public Company for Leaders by Chief Executive magazine. Since 2005, Chief Executive has sought to identify companies that excel in leadership development. In partnership with GrowthPlay (previously Chally Group), a sales and leadership research and consulting firm headquartered in Chicago, the team at Chief Executive learns more about companies through a questionnaire and interviews to learn what they are doing to identify and nurture people three or more levels down the chain from the CEO.
Arthur J. Gallagher & Co. will release its fourth quarter 2015 earnings after the market closes on Tuesday, February 2, 2016. This release will be available on the company's website shortly thereafter.
On Dec. 21, Gallagher announced the acquisition of The Hawk Agency, Inc. in Peoria, Illinois. Terms of the transaction were not disclosed.
On Dec. 18, Arthur J. Gallagher & Co. announced the acquisition of Managed Healthcare Solutions, Inc. in Atlanta, Georgia. Terms of the transaction were not disclosed.
On Dec. 18, Arthur J. Gallagher & Co. acquisition of Brown Hobbs & McMurray Insurance in Urbana, Illinois. Terms of the transaction were not disclosed.
On Dec. 17, Arthur J. Gallagher & Co. announced that it has acquired 100% of the capital stock of Strathearn Insurance Group Pty Ltd (Strathearn), headquartered in Perth, Australia. Terms of the transaction were not disclosed.
On Dec. 14, Gallagher announced the acquisition of Centennial Insurance Agency, LLC based in Pueblo, Colorado. Terms of the transaction were not disclosed.
On Dec. 8, Arthur J. Gallagher & Co. announced the acquisition of McPherson Benefits Group, LLC. in Madison, Mississippi. Terms of the transaction were not disclosed.