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Slide #79. Arthur J. Gallagher & Co. — Mike Henry Insurance Brokers Limited
Arthur J. Gallagher & Co. (NYSE:AJG)
Mike Henry Insurance Brokers Limited
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Mike Henry Insurance Brokers Limited (MHIB) headquartered in Auckland, New Zealand. MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch. Terms of the transaction were not disclosed.
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third party claims settlement and administration services to both domestic and international entities. Co.'s segments are: brokerage, which is primarily comprised of its retail and wholesale insurance brokerage operations; risk management, which provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure their property/casualty coverages and for underwriting enterprises that choose to outsource their property/casualty claims departments; and corporate, which manages its clean energy and other investments.
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