On May 12, Gallagher announced that Richard Tallo has joined the company as its new Chief Marketing & Communications Officer. In this new role, he will lead Gallagher's global marketing and communications efforts, and will report directly to J. Patrick Gallagher, Jr., its Chairman, President and Chief Executive Officer.
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Preview this month’s installment of Arthur J. Gallagher & Co.’s Pitfalls & Perils of 2014 focused on ten PPACA fees and the extra precautions employers can take to prepare for them.
On May 9, Gallagher announced the acquisition of Sunderland Insurance Services, Inc. in Walnut Creek, California. Terms of the transaction were not disclosed.
Visit AJG’s booth 716 at WorldatWork Total Rewards in Dallas, TX. Learn more about Evolving Practices and Key International Updates by attending a panel session led by Richard Polak, Gallagher’s Multinational Benefits & HR Consulting Practice Leader.
On May 1, Gallagher announced the acquisition of Shilling Limited (Shilling) in Liss, Hamphire located in Southern England. Terms of the transaction were not disclosed.
On April 24, Arthur J. Gallagher & Co. announced the acquisition of American Wholesalers Underwriting, Ltd. in Stamford, Connecticut. Terms of the transaction were not disclosed.
On April 10, Arthur J. Gallagher & Co. announced that it has priced an offering of 19 million shares of its common stock at a price of $43.25 and granted the underwriters in the offering a 30-day option to purchase up to an additional 2.85 million shares of its common stock at the same price. Morgan Stanley & Co. LLC is acting as lead book-running manager for the offering, and BofA Merrill Lynch is acting as joint book-running manager for the offering.
Preview April installment of Gallagher’s Pitfalls & Perils of 2014, focused on PPACA and the new rules and requirements that have created a storm of obligations for employer-provided health coverage.
On April 7, Arthur J. Gallagher & Co. announced an underwritten public offering of 19 million shares of its common stock. Morgan Stanley & Co. LLC is acting as lead book-running manager for the offering, and BofA Merrill Lynch is acting as joint book-running manager for the offering. BMO Capital Markets, Dowling & Partners Securities, LLC, Janney Montgomery Scott, Keefe, Bruyette & Woods, A Stifel Company, Raymond James, Piper Jaffray, Sterne Agee, and Stephens Inc. are acting as co-managers for the offering. Gallagher intends to use the net proceeds of the offering to fund a portion of its previously announced acquisition of the Wesfarmers insurance brokerage operations. Gallagher also intends to grant the underwriters a 30-day option to purchase an additional 2.85 million shares of common stock from Gallagher.
On April 6, Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire the Wesfarmers Insurance Brokerage operations. The transaction, which includes the OAMPS businesses in Australia and the United Kingdom, Crombie Lockwood in New Zealand and the associated premium funding operations, is subject to regulatory approval and is expected to close during the second or third quarter of 2014.