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Arthur J. Gallagher & Co. Acquires RMA General Limited

1. AJG acquires New Zealand-based RMA General Limited to enhance brokerage services. 2. RMA enhances AJG's client-focused culture and local market capabilities in New Zealand. 3. The acquisition terms were not disclosed, signaling potential strategic growth. 4. AJG operates globally, which may leverage RMA's local expertise for expanded services. 5. Executive remarks underscore the importance of growth in AJG's global business strategy.

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FAQ

Why Bullish?

Strategic acquisitions typically signal positive growth potential. Previous similar acquisitions led to stock gains.

How important is it?

Acquisitions are pivotal for growth in AJG's expansion strategy, influencing investor sentiment positively.

Why Long Term?

Acquisitions tend to support long-term revenue growth; historical trends support sustained value increases.

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, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of New Zealand-based RMA General Limited (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed. RMA provides commercial and personal insurance products as well as tailored life and health solutions to clients throughout New Zealand. Josh Adams and his team will operate under the direction of Carl O'Shea, head of Gallagher's New Zealand retail brokerage operations. "RMA has a client-focused culture like our own and will expand our brokerage capabilities in New Zealand," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Josh and his associates to our growing, global team." Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. SOURCE Arthur J. Gallagher & Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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