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Gallagher set to buy up Capsicum Re

Grahame Chilton

Gallagher is poised to snap up the remaining 80% of Capsicum Reinsurance Brokers, having signed heads of terms with the business.

Capsicum Re was set up in 2013 by former Benfield boss Grahame Chilton, pictured, and colleague Rupert Swallow in a joint venture with Gallagher.

That partnership saw Gallagher own 20% of the firm

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