ROLLING MEADOWS, Ill., Feb. 8, 2024 /PRNewswire/ -- Even though the adoption of artificial intelligence (AI) is increasing at a fast pace, 71% of organizations do not provide internal communicators guidance on when, where or how to use the technology, according to Gallagher's 2023/24 State of the Sector report. Furthermore, the study, which drew insights from more than 2,300 communication and HR leaders across 56 countries, found that 1 in 10 communicators (13%) were unsure if their organization was using A ...

ROLLING MEADOWS, Ill., Feb. 5, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Fort Lauderdale, Florida-based John Galt Commercial Insurance Agency, LLC and John Galt Insurance Agency, Inc., collectively referred to as The John Galt Insurance Agency. Terms of the transaction were not disclosed. The John Galt Insurance Agency provides full-service property/casualty insurance coverages with expertise in commercial and multi-family real estate across Florida. Jim Rudd and the ...

Better pricing, prudent underwriting, rising demand for insurance products and global expansion have been driving revenues of the Zacks  Insurance Brokerage industry players. Fast-paced consolidations in this traditionally fragmented industry are expected to benefit Marsh & McLennan Companies (MMC) , Aon plc (AON) , Arthur J. Gallagher & Co. (AJG) , Willis Towers Watson plc (WTW) and Brown and Brown (BRO) .The increasing adoption of technology and higher spending on technology will help the industry to func ...

ROLLING MEADOWS, Ill., Feb. 1, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Blairs, Virginia-based Shelton & Alderson Insurance Agency, Inc., dba FarmPLUS Insurance Services. Terms of the transaction were not disclosed. FarmPLUS Insurance Services is a retail agency providing agricultural and crop insurance coverages in Virginia, North Carolina and South Carolina. Tim Alderson, Amy Alderson and their team will remain in their current location under the direction of Bumpy ...

ROLLING MEADOWS, Ill., Jan. 31, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Washington Depot, Connecticut-based Ericson Insurance Services, LLC, dba Ericson Insurance Advisors. Terms of the transaction were not disclosed. Ericson Insurance Advisors is a personal lines-focused insurance broker serving high-net-worth clients nationwide. Spencer Houldin, Peter Houldin and their team will remain in their current location under the direction of Brendan Gallagher, head of Gal ...

U.S. stock markets continue to show momentum in January after some initial hiccups following an astonishing 2023. Month to date, the Dow, the S&P 500, and the Nasdaq Composite are up 1.1%, 2.5% and 3%, respectively.A strong U.S. economy along with a steadily dwindling inflation rate, put an end to the fear of a near-term recession and restored hope among market participants that the Fed is likely to achieve the much-hyped soft landing of the economy.However, market participants remain concerned regarding wh ...

ROLLING MEADOWS, Ill., Jan. 29, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Terms of the transaction were not disclosed. Forest Insurance Facilities is a commercial lines wholesale insurance broker and managing general agency (MGA) serving clients throughout Louisiana. Wayne Forest, Jr., Matt Forest and their t ...

Arthur J. Gallagher & Co. (NYSE:AJG) Q4 2023 Earnings Conference Call January 25, 2024 5:15 PM ET Company Participants J. Patrick Gallagher - Chairman and Chief Executive Officer Douglas Howell - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Mark Hughes - Truist Securities Mike Zaremski - BMO Capital Markets David Motemaden - Evercore ISI Gregory Peters - Raymond James Andrew Kligerman - TD Cowen Yaron Kinar - Jefferies Michael Ward - Citi Meyer Shields - KBW Operator Go ...

Arthur J. Gallagher & Co. (AJG) reported fourth-quarter 2023 adjusted net earnings of $1.85 per share, which beat the Zacks Consensus Estimate by 1.09%. The bottom line increased 24% on a year-over-year basis.Arthur J. Gallagher’s performance was driven by higher adjusted revenues and margin expansion across the Brokerage and Risk Management segments, partially offset by higher expenses.Operational UpdateTotal revenues of $2.4 billion beat the Zacks Consensus Estimate by 0.9%. The top line also improved 19. ...

Arthur J. Gallagher (AJG) reported $2.39 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 19.9%. EPS of $1.85 for the same period compares to $1.54 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.37 billion, representing a surprise of +1.10%. The company delivered an EPS surprise of +1.09%, with the consensus EPS estimate being $1.83.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...