Gallagher to buy Assured Partners in $13.45-bn deal
Financial Express Mumbai|December 10, 2024
ARTHUR J GALLAGHER said on Monday it would acquire insurance broker AssuredPartners in an all-cash deal worth $13.45 billion, as it looks to bolster its focus on property and casualty and employee benefits across the U.S.
REUTERS

Gallagher follows in the footsteps of rivals Aon and Marsh McLennan, which have also struck $13 billion and $7.75 billion deals, respectively, over the last 12 months to expand into the vast and fast-growing middle-market insurance business.

Middle-market insurance caters to mid-sized businesses that generate annual revenue between $10 million and $1 billion.

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