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Arthur J. Gallagher CEO Calls Results Satisfying In Soft Market

Arthur J. Gallagher reported that third-quarter net income dropped 27 percent thanks to soft market pressures, but the insurance broker's chief executive said the firm performed well in spite of the c

By Mark E. Ruquet | Updated on October 29, 2008

Arthur J. Gallagher reported that third-quarter net income dropped 27 percent thanks to soft market pressures, but the insurance broker’s chief executive said the firm performed well in spite of the challenge.

“We continue to fight the headwinds of rate reduction,” said J. Patrick Gallagher, chairman, president and chief executive officer for the Itasca, Ill.-based insurance broker. “We think these are very good results given our environment.”

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