Arthur J. Gallagher Acquires UK-based Bay Risk Services For Undisclosed Terms
(RTTNews) - Insurance brokerage Arthur J. Gallagher & Co. (AJG) announced Monday that its reinsurance division Gallagher Re has acquired the business and assets of UK-based Bay Risk Services Ltd., a member of the Optio Group. Terms of the transaction were not disclosed.
Founded in 2016 as a London-based, independent Lloyd's broker, Bay Risk specializes in structuring and placing contracts of delegated underwriting authority.
The business will become part of the global programs practice of Gallagher Re and the team will continue to be led by Andrew Smallshaw and Robin Barker-Hahlo.
read more
Dollar Recovers After Early Setback, But Stays Mostly Subdued
After hovering around two-month lows during the Asian session, the U.S. dollar recovered some lost ground on Monday, but struggled to move any significantly higher as investors remained cautious amid concerns about growth after last week's data showed a contraction in the nation's services sector.
RTTNews
|
hace 5h 5min
Swiss Franc Advances Against Majors
The Swiss franc climbed against its major counterparts in the New York session on Monday.
RTTNews
|
hace 7h 13min
Canadian Market Modestly Higher In Cautious Trade
The Canadian market is up in positive territory Monday afternoon, lifted by gains in consumer discretionary, consumer staples and communications sectors.
The mood remains cautious amid tariff concerns and uncertainty about the outlook for interest rates and global economic growth.
RTTNews
|
hace 7h 46min
Pound Drops Against Most Majors
The pound fell against its most major counterparts in the New York session on Monday.
RTTNews
|
hace 8h 27min
Swiss Market Ends Slightly Up
Despite spending much of the day's session in positive territory, the Switzerland market closed just marginally up on Monday, as stocks pared gains past noon and even fell into negative territory in the final hour.
RTTNews
|
hace 8h 34min
European Stocks Close On Mixed Note
European stocks turned in a mixed performance on Monday with investors reacting to the results of German federal election, and digesting euro area inflation data. Among the major markets, the UK ended flat and France closed notably lower, while the German market closed on a firm note.
RTTNews
|
hace 8h 54min
Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings
The U.S. Dollar retreated against major currencies during the week ended February 21 despite fresh tariff warnings and a tone of caution in the Fed minutes released during the week.
RTTNews
|
hace 12h 6min
Bay Street Seen Opening Slightly Higher
Canadian shares may open slightly higher Monday morning with metal stocks seeing some buying early on in the session. With no big economic release due for the day and not many companies to release earnings updates, trading may be a bit lackluster at times.
RTTNews
|
hace 13h 14min
