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Arthur J. Gallagher & Co. Acquires Philinsure For Undisclosed Sum

March 10, 2025 — 09:17 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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