NU Online News Service, Oct. 27, 12:04 p.m. EDT
The chief executive of insurance broker Arthur J. Gallagher is upbeat about the firm's third-quarter performance and told analysts that rate increases are necessary for the industry's health.
“I'm very pleased with our third-quarter results,” J. Patrick Gallagher Jr., chairman, president and chief operating officer of the Itasca, Ill.-based firm, said during a conference call with financial analysts. “This is the third quarter that we have been in positive organic territory, and I'm pleased with that.”
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