logo
Plus   Neg
Share
Email

Arthur J. Gallagher Acquires Boston Marks Group

Arthur J. Gallagher & Co. (AJG) Thursday said it has acquired Boston Marks Group, which includes Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the UK.

The company did not disclose any financial details of the acquisition.

Founded in 1985 as an independent insurance and reinsurance broker for the aviation sector, Boston Marks Group offers retail property/casualty brokerage services.

"Boston Marks' highly specialized offerings significantly expand our international brokerage capabilities in the aviation sector, in particular in the Australian and New Zealand markets," said Patrick Gallagher, Jr., Chairman, President and CEO. "I am very excited to welcome Pat, Damian, Phil and their associates to our growing Gallagher family of professionals."

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT