Arthur J. Gallagher & Co.

Evans Bancorp, Inc. Announces Agreement to Sell the Insurance Operations of The Evans Agency, LLC to Arthur J. Gallagher & Co.

Retrieved on: 
Tuesday, November 7, 2023

The transaction is subject to customary closing conditions and is anticipated to be completed in the fourth quarter of 2023.

Key Points: 
  • The transaction is subject to customary closing conditions and is anticipated to be completed in the fourth quarter of 2023.
  • Evans’ growth of TEA over the years culminates with the capture of a valuation premium, providing capital to strategically redeploy across the core banking franchise.
  • David J. Nasca, President and CEO of Evans Bancorp, Inc., said, “For 23 years, the insurance business has been an integral part of Evans Bank.
  • Piper Sandler & Co. acted as exclusive financial advisor and Luse Gorman, PC acted as legal counsel to Evans Bancorp, Inc.

NFP Appoints Tyler James North American Construction Property Broking Leader

Retrieved on: 
Tuesday, November 7, 2023

NEW YORK, Nov. 7, 2023 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, today announced it has hired Tyler James and appointed him as North American construction property broking leader. In this role, James will be responsible for the company's construction property lines, including builders risk, contractors equipment and fixed property coverages. James will support clients as they manage their risk exposures by leading the company's efforts to develop customized solutions and leveraging his deep experience as a broker and underwriter. He will report to Adrian Pellen, coleader of NFP's Construction and Infrastructure group.

Key Points: 
  • Industry veteran brings expertise encompassing large real estate, manufacturing, renewable energy and infrastructure projects
    NEW YORK, Nov. 7, 2023 /PRNewswire-PRWeb/ -- NFP , a leading property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, today announced it has hired Tyler James and appointed him as North American construction property broking leader.
  • In this role, James will be responsible for the company's construction property lines, including builders risk, contractors equipment and fixed property coverages.
  • "Tyler is an extraordinary talent, and I am absolutely thrilled that he is joining our Construction and Infrastructure team," said Pellen.
  • Most recently, James served as Midwest construction property manager for Zurich North America, where he implemented underwriting strategies, managed broker and client relationships, and identified product and coverage innovation.

Eastern Bankshares, Inc. Announces Closing Of Eastern Insurance Group LLC Asset Sale

Retrieved on: 
Tuesday, October 31, 2023

Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today it has completed the previously disclosed sale of Eastern Bank’s insurance operations, which conduct business under the name Eastern Insurance Group LLC (“Eastern Insurance”), to Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”).

Key Points: 
  • Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today it has completed the previously disclosed sale of Eastern Bank’s insurance operations, which conduct business under the name Eastern Insurance Group LLC (“Eastern Insurance”), to Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”).
  • “This transaction enables a stronger focus on the strategic growth of our core banking business,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank.
  • “We are grateful for the leadership of Eastern Insurance’s CEO Tim Lodge and the entire team at Eastern Insurance for their years of contributions, camaraderie and outstanding service to our customers, colleagues and communities we serve.
  • Licensed to do business in every state, Eastern Insurance serves more than 75,000 individuals and businesses and represents more than 50 national and regional insurance carriers.

Arthur J. Gallagher & Co. Announces Third Quarter 2023 Earnings Release And Conference Call Date

Retrieved on: 
Thursday, October 5, 2023

ROLLING MEADOWS, Ill., Oct. 5, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will release its third quarter 2023 earnings after the market closes on Thursday, October 26, 2023.

Key Points: 
  • ROLLING MEADOWS, Ill., Oct. 5, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will release its third quarter 2023 earnings after the market closes on Thursday, October 26, 2023.
  • In conjunction with this release, J. Patrick Gallagher, Jr., Chairman, President and CEO, will host a conference call on Thursday, October 26, 2023 at 5:15 pm ET/4:15 pm CT.
  • Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.
  • Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge Bancorp

Retrieved on: 
Tuesday, September 19, 2023

Upon closing, Denis Sheahan, Chairman, President and CEO of Cambridge, will become the CEO of Eastern and will join Eastern’s Board of Directors.

Key Points: 
  • Upon closing, Denis Sheahan, Chairman, President and CEO of Cambridge, will become the CEO of Eastern and will join Eastern’s Board of Directors.
  • Sale of Eastern Insurance Group, LLC
    Also today, Eastern announced that Eastern Insurance has entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co., for approximately $510 million in cash consideration.
  • In connection with the sale, current leadership and employees of Eastern Insurance are expected to join Gallagher.
  • Regarding the Eastern Insurance transaction, Piper Sandler & Co. served as financial advisor and Nutter McClennen & Fish LLP provided legal counsel to Eastern.

Arthur J. Gallagher & Co. Announces Second Quarter 2023 Earnings Release And Conference Call Date

Retrieved on: 
Thursday, July 6, 2023

ROLLING MEADOWS, Ill., July 6, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will release its second quarter 2023 earnings after the market closes on Thursday, July 27, 2023.

Key Points: 
  • ROLLING MEADOWS, Ill., July 6, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will release its second quarter 2023 earnings after the market closes on Thursday, July 27, 2023.
  • In conjunction with this release, J. Patrick Gallagher, Jr., Chairman, President and CEO, will host a conference call on Thursday, July 27, 2023 at 5:15 pm ET/4:15 pm CT.
  • Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.
  • Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Arthur J. Gallagher & Co. to Host Regularly Scheduled Quarterly Investor Meeting with Management

Retrieved on: 
Thursday, June 1, 2023

Key Points: 
  • ROLLING MEADOWS, Ill., June 1, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) will be hosting its regularly scheduled quarterly management meeting on Thursday, June 15, from 8:00 a.m. until approximately 10:30 a.m. CT.
  • This quarter's meeting will take place virtually via conference call.
  • Any information distributed in conjunction with this meeting will be available on June 15 at 7:30 a.m. CT at https://www.ajg.com/June15materials .
  • Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.

Stephens Insurance Expands Houston Presence With Hiring of Chris Bettina

Retrieved on: 
Thursday, June 1, 2023

Stephens Insurance, LLC, an affiliate of Stephens Inc., today announced the hiring of Chris Bettina as a Senior Vice President within the Property & Casualty practice.

Key Points: 
  • Stephens Insurance, LLC, an affiliate of Stephens Inc., today announced the hiring of Chris Bettina as a Senior Vice President within the Property & Casualty practice.
  • Mr. Bettina will be based in the Houston, Texas office of Stephens Insurance.
  • “Chris has had a tremendous career and we are thrilled to welcome him to Stephens Insurance,” said Miles Stephens, President and Chief Executive Officer of Stephens Insurance.
  • Chris is going to be immediately accretive to our Property & Casualty practice and our firm.”
    Mr. Bettina will be part of the growing team in the Property & Casualty practice at Stephens Insurance.

Veteran Insurance Executive Frank Caruso Joins Exdion Solutions, Inc.’s Board of Advisors

Retrieved on: 
Tuesday, April 25, 2023

Ram, CEO of Exdion Solutions, Inc., announced that Frank S. Caruso will become a member of Exdion’s Board of Advisors, a group of senior brokerage executives with high-ranking insurance management experience.

Key Points: 
  • Ram, CEO of Exdion Solutions, Inc., announced that Frank S. Caruso will become a member of Exdion’s Board of Advisors, a group of senior brokerage executives with high-ranking insurance management experience.
  • “Exdion is a vibrant, growing broker technology Insurtech that is poised for significant growth, especially as large and mid-sized insurance brokers prioritize digitization and automation for their future business success,” Caruso said.
  • Caruso has more than 40 years of experience in the insurance brokerage space.
  • He began his career at Aetna Insurance Co. and then moved to Sedgwick’s Tennessee brokerage operations.

Harris Williams Advises Buck on its Sale to Arthur J. Gallagher & Co.

Retrieved on: 
Monday, April 3, 2023

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Buck, a portfolio company of H.I.G.

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Buck, a portfolio company of H.I.G.
  • Capital (“H.I.G.”), on its sale to Arthur J. Gallagher & Co. (NYSE: AJG; “Gallagher”).
  • The transaction was led by Derek Lewis , Bryce Walker , Maury Nolen and Michael Tuohey of the Harris Williams Business Services Group .
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.