NYSE-listed insurance brokerage Arthur J Gallagher buys RMA General

NYSE-listed insurance brokerage Arthur J Gallagher buys RMA General
Gallagher NZ retail brokerage head Carl O'Shea will lead RMA. (Image: Gallagher)
John Anthony
New Zealand financial services firm RMA General has been acquired by New York Stock Exchange-listed insurance brokerage Arthur J Gallagher & Co for an undisclosed sum.Founded in 1927, Gallagher employs about 56,000 people across 130 countries. Based in Rolling Meadows, Illinois, it has a market cap of US$86 billion (NZ$150b).Gallagher announced the acquisition of RMA and its insurance broking businesses this week, though terms were not disclosed.Client-focused culture RMA offers commercial, personal and tailored life and health insuran...

More Markets

NZ sharemarket ends week down 1.2%
Markets Free Market Close

NZ sharemarket ends week down 1.2%

The S&P/NZX 50 Index closed at 12,113.54, gaining 58.82 points or 0.49%.

Graham Skellern 21 Mar 2025
The Warehouse Group margins take hit
Retail

The Warehouse Group margins take hit

The retail group reported half-year earnings at the upper end of guidance.

Gregor Thompson 21 Mar 2025
Investor Jim Grenon challenges NZME board on dividend excesses
Markets Exclusive

Investor Jim Grenon challenges NZME board on dividend excesses

PLUS: NZME reveals talks it was having with rival publisher Stuff are on hold. 

‘Hope is not a strategy’: energy sector’s winter worries
Markets

‘Hope is not a strategy’: energy sector’s winter worries

Despite a fair amount of positive news, there was scepticism and a few home truths.

Ian Llewellyn 21 Mar 2025