Arthur J. Gallagher & Co. (AJG), Monday announced the acquisition of remaining stake in Philippines-based Philpacific Insurance Brokers & Managers, Inc. dba Philinsure. The financial terms of the deal were not disclosed.
The company expects Philinsure, a commercial insurance and reinsurance broker, to expand its retail brokerage business in Asia.
In the pre-market hours, Arthur J. Gallagher & Co.'s stock is trading at $323.61, down 0.12 percent on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.