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
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
|
5h 13min ago
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
|
8h 25min ago
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
|
9h 33min ago
German Business Confidence Remains Unchanged
German business morale remained unchanged in February as companies were less satisfied with current situation, while expectations improved moderately amid the federal elections, survey results from the ifo Institute showed on Monday. The ifo business climate index registered 85.2 in February, the same as in January. The score was forecast to rise to 85.9.
RTTNews
|
12h 7min ago
UK Stocks Turning In Mixed Performance; FTSE 100 Modestly Higher
U.K. stocks are modestly higher Monday morning, led by gains in defense shares amid expectations of increased government spending for the sector.
RTTNews
|
12h 26min ago
Sensex, Nifty Tumble; IT Stocks Hit Hard On Tariff Concerns
Indian shares tumbled on Monday, with export-oriented IT stocks coming under heavy selling pressure as weak U.S. economic data rekindled growth worries and U.S. President Donald Trump reiterated that his administration would impose reciprocal tariffs "soon" on countries like India and China.
RTTNews
|
12h 46min ago
CAC 40 Recovers From Early Setback, Down Marginally
After a slightly weak start and a subsequent drop to lower levels, French stocks regained some lost ground Monday morning. The mood remains cautious amid a lack of positive triggers.
RTTNews
|
12h 57min ago
DAX Rises 0.8% As Investors React To Federal Election Results
German stocks are up firmly in positive territory Monday morning with investors digesting the results of the nation's general election, which saw the Christian Democratic Union of Germany (CDU) emerging victorious.
RTTNews
|
13h 14min ago
