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Arthur J. Gallagher & Co. Signs Agreement To Acquire Canadian Insurance Broker Noraxis

On May 19, Arthur J. Gallagher & Co. announced that it has signed an agreement to acquire Noraxis Capital Corporation. Upon completion of the transaction, Gallagher will hold approximately 87% of the equity interests in Noraxis. The remaining 13% will continue to be owned by various management employees of Noraxis. The transaction is subject to regulatory approval and is expected to close in July of 2014.

Arthur J. Gallagher & Co. Hires Chief Marketing & Communications Officer

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.