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.
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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.
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.