Country for PR: United States
Contributor: PR Newswire New York
Wednesday, December 01 2021 - 20:00
AsiaNet
Arthur J. Gallagher & Co. Completes Acquisition of Willis Towers Watson plc Treaty Reinsurance Brokerage Operations
ROLLING MEADOWS, Ill., Dec. 1, 2021 /PRNewswire-AsiaNet/ --

Arthur J. Gallagher & Co. today announced that it has completed the acquisition 
of substantially all of the treaty reinsurance brokerage operations from Willis 
Towers Watson plc.

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Together with Gallagher's existing reinsurance operations, the combined 
businesses will trade as Gallagher Re from more than 70 offices across 31 
countries and incorporate c2400 colleagues. This acquisition brings specialist 
expertise, underpinned by a portfolio of analytics capabilities including 
catastrophe modeling, dynamic financial analysis, rating agency analysis and 
capital modeling that will immediately provide exceptional value to insurance 
carriers and insurance capital providers around the world. 

Gallagher Re will be led by James Kent, Global Reinsurance CEO, who will report 
to Tom Gallagher, Gallagher's CEO of Global Property & Casualty Brokerage. 

"I'd like to officially welcome our new reinsurance brokerage colleagues to the 
Gallagher family of professionals," said J. Patrick Gallagher, Jr., Chairman, 
President and CEO. "Together, we will build upon our shared focus of 
outstanding service, expertise and client-centric culture. I am confident the 
combination will deliver tremendous value to our clients, our global brokerage 
and risk management teams, and our shareholders."

James Kent added: "This combination marks a new chapter for two remarkable 
reinsurance broking teams as well as for our valued and extremely supportive 
clients and stakeholders. We are bringing together highly complementary and 
well-respected reinsurance businesses to create a truly compelling unified 
reinsurance platform. I am incredibly proud to be leading Gallagher Re into its 
next phase of growth."

About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk 
management and consulting services firm, is headquartered in Rolling Meadows, 
Illinois. The company has operations in 57 countries and offers client service 
capabilities in more than 150 countries around the world through a network of 
correspondent brokers and consultants. 

Investors: 
Ray Iardella 
VP - Investor Relations
(630) 285-3661/ Ray_Iardella@ajg.com        

US Media:
Kelli Murray
Director Global Public Relations
(630) 277-0347/ Kelli_Murray@ajg.com 

UK Media:
Emma Banks
PR and Media Relations
+44(0) 207 204 6189 / Emma_Banks@ajg.com

Lynn Rouse
PR and Media Relations
+44 20 3425 3416 / Lynn_Rouse@ajg.com 

SOURCE: Arthur J. Gallagher & Co.