Brown & Brown has acquired Independent Pharmaceutical Consultants, strengthening its benefits division, while Arthur J. Gallagher says it acquired a South Carolina agency with roots dating back more than 70 years.
Hub International is acquiring Associated Independent Agencies, and Arthur J. Gallagher is acquiring Capital Bauer Insurance Agency, Inc., the brokerages announced in separate statements.
Arthur J. Gallagher says it acquired a healthcare broker in Colorado while the private equity firm Genstar Investors says it acquired a program administrator in Texas.
Arthur J. Gallagher says it acquired a healthcare broker in Colorado while the private equity firm Genstar Investors says it acquired a program administrator in Texas.
Two major insurance brokers announced acquisitions today, with Hub International Ltd. acquiring an Illinois-based insurance broker and Arthur J. Gallagher acquiring an employee benefits communication and enrollment firm in Florida.
Connecticut officials say they reached a $1.7 million settlement with a Boston-based insurance broker over allegations that the broker failed to provide proper information to its customers about commissions and overcharged them in the process.
Insurance broker Arthur J. Gallagher's chief executive is upbeat about the firms third-quarter performance, and told analysts that rate increases are necessary for the industrys health.