Deals & People September 2, 2010

Gallagher Makes Another Acquisition

Arthur J. Gallagher & Co. has acquired Old Greenwich Consulting Group based in New York, after acquiring Benefits Unlimited in early August.
Reported by

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, headquartered in Itasca, Illinois, has added Old Greenwich Consulting Group, which specializes in the design, service, and implementation of employee benefit programs, to its business, according to an announcement. 

Old Greenwich Consulting Group offers employee benefit consulting and brokerage services, including life insurance and group benefits, for its middle-market clients in the Eastern United States.

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CEO of Old Greenwich, Michael Johnson, along with his associates, will continue to operate in New York City under the direction of David Ziegler, Eastern Regional Executive Vice President of Gallagher’s employee benefit consulting and brokerage operations. The release said terms of the transaction were not disclosed. 

On August 4, Gallagher announced the acquistion of Benefits Unlimited, Inc., based in Houston, Texas (see “Arthur J. Gallagher Acquires Texas Benefits Consulting Firm“).   

 

 

Products September 2, 2010

Fidelity Introduces Free iPad App

Investors can download the application specifically designed for the Apple iPad, free of charge, on iTunes
Reported by

For iPad owners who are also participants of employer-sponsored retirement plans provided by Fidelity, they will now be able to check balances, view positions, year-to-date history, and personal rate of return on their device.  

In a statement made to PLANADVISER, Fidelity said they have seen a 140% growth rate of people logging-in to mobile devices using Fidelity Mobile, year over year as of July 31, 2010.  They expect these numbers to keep growing.  Fidelity Mobile is already compatible with various other devices, such as the iPhone, iPod touch, and Blackberry.   

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