On March 21, Arthur J. Gallagher & Co. announced that it has reached agreement with Kane Group to acquire its insurance management operations ("KIM"). This acquisition is expected to close on or about March 31, 2016 and is subject to certain closing conditions. Other terms were not disclosed.
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Employers Struggling to Balance Benefit Costs and Attract Top Talent Look to Arthur J. Gallagher & Co.'s Best-in-Class Data for Answers
Faced with the need to attract and retain a competitive workforce and maintain or decrease overall operating costs, employers are looking for meaningful data to guide their benefit decisions. The Best-in-Class Benchmarking Analysis produced by Arthur J. Gallagher & Co. (Gallagher) looks at how high-performing organizations are addressing these two competing priorities.
On March 15, Gallagher announced the acquisition of Bomford, Couch & Wilson, Inc. in Miami, Oklahoma. Terms of the transaction were not disclosed.
On March 10, Arthur J. Gallagher & Co. announced the acquisition of Vincent L. Braband Insurance, Inc. in Arlington Heights, Illinois. Terms of the transaction were not disclosed.
On Feb. 18, Gallagher announced the acquisition of White & Company Insurance, Inc. (White & Company), located in Santa Monica, California. Terms of the transaction were not disclosed.
On Feb. 10, Gallagher announced its sponsorship of two established and winning motorsports racing teams – Chip Ganassi Racing and Sébastien Loeb Racing.
Insurance Business America named CEO Pat Gallagher and RPS President Joel Cavaness to their “2016 Hot 100" list. The Hot 100 is a listing of the past year's top names in the insurance industry.
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.
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.