Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, a
nnounced the acquisition of Australia-based MACK Insurance Services.
Terms of the transaction were not disclosed.
MACK Insurance Services is a commercial insurance broker with a focus on the agriculture sector. Lizzie
Carver and her team will join Gallagher’s brokerage operations
in Australia from office locations in Wagga Wagga and Narrandera, New South Wales.
“MACK Insurance Services is a culturally aligned broker whose agr
iculture niche expertise complements our existing brokerage capabiliti
es in Australia,” said J. Patrick Gallagher Jr., chairman and CEO. “I am delighted to welcome Lizzie and her associates to our growing, global team.”
Arthur J. Gallagher & Co. provides global brokerage, risk management and consulting services in appro
ximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
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Providence, Rhode Island-headquartered United Natural Foods on Wednesday flagged about $350 million to $400 million h
it to its fiscal 2025 net sales from an unauthorized activity on its internal networks.
The grocery distributor took certain systems offline after the activity was discovered on June 5. United Foods said
it expects the anticipated insurance proceeds to be adequate for the incident.
The company, however, slightly raised its annual forecast for net sale
s to reflect strong performance year-to-date, sending its shares up nearly 8% in premarket trade.
United Foods expects fiscal 2025 net sales to be in a range of $31.6 billion to $31.8