Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More
Home » Stock Market News » Arthur J. Gallagher announces acquisition of Afina Insurance

Arthur J. Gallagher announces acquisition of Afina Insurance

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated: December 27, 2024

Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said this week it had acquired Afina Insurance Advisors Inc based in Oakbrook Terrace, Illinois.

However, the company did not disclose any financial details of the agreement.

Afina Insurance is a property/casualty insurance broker that serves clientele in greater Chicago.

“Afina Insurance is a highly regarded agency whose niche expertise complements our existing retail brokerage capabilities in the Chicago area,” J. Patrick Gallagher, Jr., Chairman, President and Chief Executive Officer, said in a press release.

“I am delighted to welcome George and his associates to Gallagher,” the CEO added.

Stock Performance

The shares of Arthur J. Gallagher & Co (AJG) closed without change at $288.36 in New York on Thursday.

The company’s total market cap now stands at $72.033 billion.

The shares of Arthur J. Gallagher & Co (AJG) went up 19.27% in 2023, compared with a 24.23% gain for the benchmark index, S&P 500 (SPX).

The company’s shares have risen another 28.23% so far this year.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Oil extends losses as U.S. government shutdown continues, API dataOil extends losses as U.S. government shutdown continues, API data Both West Texas Intermediate and Brent benchmarks continued to retreat on Wednesday as President Barack Obama and congressional Republicans couldnt resolve Tuesdays standoff which lead to a partial government shutdown after Congress failed to […]
  • Costco sales jump not high enough to reach forecastCostco sales jump not high enough to reach forecast Costco Wholesale gave investors a glimpse into how it fared in a challenging retail environment heading into the holiday season as the largest U.S. warehouse-club chain, reported fiscal first-quarter profit that trailed analysts’ estimates […]
  • Spot Gold eases from a fresh 12-week highSpot Gold eases from a fresh 12-week high Spot Gold eased from a 12-week high of $2,763.43 per troy ounce on Thursday, as the US Dollar firmed."It's just a technical pullback because the dollar has been taking back on $108 level, triggering some profit-booking, but the undertone […]
  • US stocks advance as S&P 500 rises to record levelsUS stocks advance as S&P 500 rises to record levels US stocks gained, pushing the Standard & Poor’s 500 Index to a fresh record, as investors focus on whether Fed would cut its monetary support amid budget negotiations in Washington.The S&P 500 climbed 0.2% to 1,808.37 at 4 p.m. in […]
  • American Airlines shares close higher after plans for increasing domestic flights in JulyAmerican Airlines shares close higher after plans for increasing domestic flights in July American Airlines’ stock closed higher on Thursday, with shares gaining 41.25%. There was also an increase in the shares of other US airlines as investors moved from the stocks benefitting from the pandemic to companies that will begin their […]
  • RBNZ holds cash rate for 3rd meeting, NZD/USD at 1-month lowRBNZ holds cash rate for 3rd meeting, NZD/USD at 1-month low The Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) without change at 5.5% at its October policy meeting, in line with market expectations.This way, the central bank extended the rate pause for a third consecutive […]