Generali Global Acquires Travel Insurance Agency Trip Mate from A.J. Gallagher

Article 0 Comments Generali Global Assistance said it has acquired Trip Mate from Arthur J. Gallagher. Details were not disclosed. Trip Mate is incorporated in Kansas and domiciled in the state of Missouri. It is licensed in all states. Its plans are underwritten by United States Fire Insurance Co., Nationwide […]

Gallagher Acquires South West’s Pavey Group in U.K.

Article 0 Comments Global insurance broker Gallagher has acquired South West commercial insurance broker Pavey Group Holdings in the UK. With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was established in 1971 and has spent more than 40 years working with a range […]

How Insurance Broker A.J Gallagher Cleans Up on Clean Coal Subsidies: Reuters

Article 0 Comments Earlier this year, the chief financial officer of global insurance giant Arthur J. Gallagher & Co. explained to analysts how the company had turned a little-known U.S. energy subsidy into a profit machine, worth hundreds of millions of dollars to its bottom line. The money came from […]

Industry Needs to ‘Question and Call Out’ Rogue MGAs, Says Chilton of Gallagher

Article 0 Comments While there’s a bright future for managing general agents that “get it right,” Grahame Chilton, CEO of Gallagher UK, warns against tolerating the few rogue MGAs who could ruin the reputation of the entire sector. Chilton, who will be stepping down from his role at Gallagher to […]

Chilton to Return to Capsicum Re Later in This Year After Leaving Gallagher Role

Article 0 Comments Capsicum Re, the London-based specialist reinsurance broker, announced that Grahame “Chily” Chilton will rejoin the business later this year. Chilton will work alongside CEO Rupert Swallow to drive global business development and help shape the strategic direction of the company as it enters its next phase of […]

Global Insurers Reassessing Iran Business In Light of Sanctions Threat

Article 0 Comments Global insurers are taking stock of how the U.S. withdrawal from an international agreement to deny Tehran nuclear weapons, and threatened sanctions against companies that do business with Iran, could affect them. Insurance broker Arthur J. Gallagher & Co. said on Friday it will continue to monitor […]

Arthur J. Gallagher Adds Four to Its Construction Practice Group for Long Island

Article 0 Comments Arthur J. Gallagher in Jericho, N.Y., (AJG) has added four professionals from SterlingRisk in Woodbury, N.Y., to its Construction Practice Group for Long Island. Joseph A Santospirito Jr. has been named area senior vice president within AJG’s Construction Practice Group. He has worked in the insurance business […]

Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago

Article 0 Comments When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Now those payments are at risk in a dramatic turn of events as […]