News & Events

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Arthur J. Gallagher & Co. Appoints Chief Service Officer

On July 25, Arthur J. Gallagher & Co. announced that Vishal Jain, who currently oversees the company's service center operations, has been appointed Chief Service Officer. In this new role, he will lead Gallagher's ongoing efforts to enhance customer service while improving operational efficiency and quality across divisions. He will report directly to J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer. In addition, the company's Board of Directors has appointed Mr. Jain a Corporate Vice President.

Arthur J. Gallagher & Co. Signs Agreement To Acquire Baker Tilly's Employee Benefits Business

On July 22, Arthur J. Gallagher & Co. announced that it signed an agreement to acquire the assets of Baker Tilly's Employee Benefits Solutions business, which has annualized revenues of approximately $11.5 million and is located in the United Kingdom. Other terms of the transaction were not disclosed. This agreement is subject to the satisfaction of certain conditions and the transaction is expected to close in the third quarter 2014.

Unstoppable Storm Activity and Damage Raging Through the U.S.

Every few days or each week lately, adverse weather continues to be reported in most areas throughout the U.S. It could be anything from drought-ridden areas at risk of wildfires or fires from lightning strikes to the Mid-Central Plains, Midwest and Southern region struggling to battle historic and nearly unmanageable flooding. Based up recent reports, there doesn't appear to be any relief in sight nor a break in this weather pattern anytime soon.

Arthur J. Gallagher & Co. Announces $700 Million Private Placement Debt Transaction

On June 24, Arthur J. Gallagher & Co. announced that the company has completed and funded a note purchase agreement for the private placement of $700 million of senior unsecured notes. The agreement provides for six series of notes with a weighted average coupon rate of 4.02% and maturities as follows: $50 million due in each of 2018, 2019 and 2020, $200 million due in 2023, $200 million due in 2025 and $150 million due in 2026. Further details regarding these notes are available in our Current Report on Form 8-K filed with the SEC.