On April 4, Arthur J. Gallagher & Co. today announced the acquisition of Mike Henry Insurance Brokers Limited (MHIB) headquartered in Auckland, New Zealand. MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch. Terms of the transaction were not disclosed.
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On April 1, Arthur J. Gallagher & Co. announced that it has acquired the Oval Group of Companies ("Oval"), an independent commercial insurance broker with over £80 million in annualized revenue operating out of 24 offices throughout the United Kingdom. The transaction closed today.
On March 24, Arthur J. Gallagher & Co. announced that it has acquired Spataro Insurance Agency, Inc. located in Burnt Hills, New York. Terms of the transaction were not disclosed.
Federal Reserve Chairwoman Janet Yellen’s press conference debut left equity markets rattled and wary about the expected timing for projected increases in short-term rates. A decision on when to raise rates was further complicated when the Fed announced it had reduced the importance of the unemployment rate. In confronting the need to further scale back and normalize the bond market while fueling the continued economic recovery, the Fed faces several challenges. Now is the time for investors to analyze the risk of their fixed income portfolios.
On March 20, Arthur J. Gallagher & Co. announced that it has again been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a World's Most Ethical Company® in 2014.
On March 18, Arthur J. Gallagher & Co. announced the acquisition of L&R Benefits, LLC of Windsor, Connecticut. Terms of the transaction were not disclosed.
The five-year anniversary of the stock market bottom on March 9th, 2009 slipped by rather quietly now it's time to review The Bear Case vs. The Bull Theory
Markets Shrug Off Putin’s Push: The weakening ruble forced Russia’s central bank to take action in an effort to stabilize the currency and Russian stock market. Russia’s ability and willingness to withstand a sustained conflict is unknown. Only time will tell whether the impact on markets will be negligible or if this event will put downward pressure on markets.
On March 4, Arthur J. Gallagher & Co. announced the acquisition of Tudor Risk Services, LLC located in Woburn, Massachusetts. Terms of the transaction were not disclosed.
On Feb. 28, Arthur J. Gallagher & Co. announced that it has partnered with Grupo CP to acquire a 56% equity interest in JAO & Partners, located in Lima, Peru, which has annualized revenues of approximately $4 million. Other terms of the transaction were not disclosed.