Gallagher's crashes UK top 10 broker table with £97m Heath swoop
Arthur J Gallagher has confirmed it has completed the acquisition of Heath Lambert in a £97m cash deal.
Based on the Imas insurance broking rankings in 2010, the deal would create a business of some £170.3m brokerage, ranking it in the top ten UK firms behind BGL at number eight (with £271.1m) but ahead
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Is the London Market ready for widespread AI adoption?
David Sexton, vice president and head of insurance for global growth markets at Cognizant, unpicks the market's uneven investment in artificial intelligence and how focus to-date has been on improving current workflows rather than rethinking how the work is done.
Marco Capital plans to ‘industrialise’ London market with ProGlobal deal
Marco Capital’s planned acquisition of Pro Global merges the business with PoloWorks into a single integrated insurance services platform, with the combined unit aiming to “industrialise” London market data.
Will the FCA’s non-financial misconduct rules change the City?
As the September deadline for the FCA’s non-financial misconduct rules approaches, Séamus O’Hanlon explores how insurers are adapting to the regulation and if it will make a difference.
Why delegated oversight can no longer be housekeeping
Lloyd’s has embraced delegation at scale, but Richard Spencer, managing partner of New Link Consulting, argues governance and customer outcome monitoring have failed to keep pace.
Centerbridge exploring Canopius sale
Centerbridge Partners, the primary shareholder of insurance and reinsurance firm Canopius Group, is open to offers on the business, sources have told Insurance Post.
Diary of an Insurance PR: Omnia’s Nathalie Crystal
Nathalie Crystal, associate director at Omnia Partners, proves the importance of preparation by packing in plenty of meetings with journalists at this year's British Insurance Brokers’ Association conference.
Nord Stream ruling broadens reach of war exclusions
Alexandra Lyons, partner at law firm Stewarts, outlines how Nord Stream lost a €580m lawsuit in which it called for its insurers to pay out over explosions that damaged pipelines and examines the ramifications for the industry.
Lloyd’s digital overhaul to focus on bite-sized delivery
The next phase of Lloyd’s digital transformation will prioritise smaller, deliverable projects over ambitious multi-year programmes, with a roadmap expected “shortly”, according to International Underwriting Association CEO Chris Jones.