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Gallagher completes Aon swoop for new energy subsidiary

Arthur J Gallagher International has launched a new joint venture, Alesco Risk Management Services, aimed at the onshore/offshore energy sector.

Alesco, which derives from the Latin “to grow”, is 65% owned by Gallagher and 35% through employee equity. John Hastings–Bass will act as chairman while managing director Simon Matson will lead a team

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Is it third time lucky for Axa as it merges divisions again?

Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.

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