On May 21, Arthur J. Gallagher & Co. announced the acquisition of Heritage Insurance Management Limited (Heritage) based in St Peter Port, Guernsey. Terms of the transaction were not disclosed.
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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.
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.
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.