Insurance Brokers M&A » By The Online Investor Staff, updated Sun., Apr. 28, 10:44 PM
Recent mergers and acquisitions in the Insurance Brokers M&A category.
Slide #11. Arthur J. Gallagher & Co. — Wesfarmers Insurance Brokerage Operations
Acquirer: |
Arthur J. Gallagher & Co. (NYSE:AJG) |
Acquiree: |
Wesfarmers Insurance Brokerage Operations |
Details: |
Arthur J. Gallagher & Co. (NYSE: AJG) today 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. |
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations. Co.'s segments are: brokerage, which is mainly comprised of its retail and wholesale insurance brokerage operations; risk management, which provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure their property/casualty coverages and for underwriting enterprises that choose to outsource their property/casualty claims departments; and corporate, which manages its clean energy and other investments.
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Company Name: |
Gallagher (Arthur J.) & Co. |
Website: |
www.ajg.com |
Sector: |
Insurance Brokers |
Number of ETFs Holding AJG: |
101 |
Total Market Value Held by ETFs: |
$8.20B |
Total Market Capitalization: |
$51.34B |
% of Market Cap. Held by ETFs: |
15.97% |
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April 28, 2024 10:44 PM Eastern
Buy (2.88 out of 4)
21st percentile
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