Quarterly results for the three months ended 31 March 2021 (unaudited) · NAV total return per share for the three-month period of -0.3%. · NAV of 480.67p per share as at 31 March 2021. · Quarterly dividend of 4.35p per Ordinary Share. Introduction As at 31 March 2021, the net assets of the Company were £355.4m, giving a Net Asset Value ( NAV ) per share of 480.67p, which taking into account the dividend of 3.99p paid on 29 January 2021, gives a decrease of 0.3% over the quarter. Exchange rate movements reduced the overall valuation by approximately 1.5% over the quarter. With the discount narrowing to 22.6% as at 31 March 2021 the share price total return for the period was an impressive 22.5%. The discount has continued to narrow and is currently 14.9%.
Arthur J. Gallagher & Co. Completes Acquisition of UK’s Bollington Wilson Group February 8, 2021
Financial details of the deal, which was first announced in January 2021, were not disclosed.
Founded in 1973 as a local community broker, Bollington has since grown organically and through strategic acquisitions into a successful specialist UK insurance broker with more than 400 employees. Headquartered in Sale, England, Bollington also operates from offices in Liverpool, Bollington, Harrogate, Sutton, Coldfield, Stafford and Bolton. It has well-established divisions in small and medium-sized enterprises (SME), micro-SME and personal lines.
The business is now part of Gallagher’s UK Retail Division. Paul Moors, group CEO, will remain with Gallagher as chairman of Bollington.
Partner Carl Wormald tells Insurance Age he is keen to build up another UK regional broker following the private equity provider's sale of Bollington Wilson to
WASHINGTON (dpa-AFX) - Arthur J. Gallagher & Co. (AJG), an insurance brokerage, risk management and consulting services firm, announced Tuesday that it has signed an agreement to acquire specialist