Arthur J Gallagher reported that its fourth-quarter net income was down from $49.2m to $49.1m.
Despite this, the brokerage said revenue had increased 6% to $386.9m. The results fell short of analysts' estimates of $381m in revenue.
Gallagher chief executive Patrick Gallagher blamed the results on softening rates and "disruptions" caused by investigations stemming from New York attorney general Eliot Spitzer's suit against Marsh & McLennan for bid-rigging.
The company, fourth-largest broker in the US, said its internal review discovered no evidence of bid-rigging or improper tying
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
