Client News Release
Arthur J. Gallagher & Co. Acquires Roberts & Roberts Insurance Service, Inc. (PR Newswire) and Marsh & McLennan Disappoints (Zacks.com)
City of Industry, CA --(www.FinancialNewsUSA.com)-- 11/10/2008 - Insurance Brokers industry news provided by Financial News USA (OTC: FNWU). ITASCA, Ill., Nov. 5 /PRNewswire-FirstCall/ -- Arthur J. Gallagher & Co.
today announced the acquisition of Roberts & Roberts Insurance Service, Inc.
in Greensboro, North Carolina. Terms of the transaction were not disclosed.
Formed in 1994, Roberts & Roberts Insurance Service is a retail insurance
broker providing commercial property-casualty and risk management services to
their clients in the Southeast. They specialize in insurance coverage for the
transportation, construction and manufacturing industries. Wayne Roberts and
his associates will continue to operate in their Greensboro location under the
direction of Mitchel Brashier, Southeastern Regional Manager of Gallagher's
retail property/casualty brokerage operation."Since its inception, Roberts & Roberts has grown consistently by providing exceptional value to its clients," said J. Patrick Gallagher, Jr., Chairman, President and CEO. [Read the full article]
Marsh & McLennan (NYSE: MMC) shares are down more than 11% after the company missed third-quarter earnings estimates. The financial services company reported adjusted profits of 21 cents per share, 11 cents below expectations. The miss was surprising considering that the 3 of the 12 covering brokerage analysts had raised their full-year forecasts in recent weeks. Furthermore, MMC had topped second-quarter expectations by a margin of 6 cents. Given the disappointing third-quarter report, it is likely that the full-year consensus earnings estimates will be revised lower in the coming days. MMC Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research [Read the full article]
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Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. [Read the full article]
'); aHtml.push('Get the latest '+Symbol.toUpperCase()+' commentary'); aHtml.push('and analysis by daily email.'); aHtml.push(' Welcome to MMC's Conference Call. Today's call is being recorded. Third quarter 2008 financial results and supplemental information were issued early this morning. They are available on MMC's website at www.mmc.com. Before we begin, I would like to remind you that remarks made today may include statements relating to future events or results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Looking-forward statements are subject to inherent risks and uncertainties. In particular, references during this conference call to anticipated or expected results of operations for 2008 or subsequent periods are forward-looking statements and MMC's actual results may be affected by a variety of factors. [Read the full article]
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