Gallagher completes 100% Capsicum Re ownership deal
Business was founded in 2013 by Grahame Chilton and Rupert Swallow through a strategic partnership with Gallagher.
Arthur J. Gallagher has bought the remaining stake in Capsicum Reinsurance Brokers, increasing its ownership from 33% to 100%.
Gallagher first announced that it was going to take full ownership of Capsicum Re in November last year. Other terms of the transaction were not disclosed.
Capsicum Re was launched by Grahame Chilton and Rupert Swallow in December 2013 through a strategic partnership with Gallagher.
According to the business, it is now the world’s fifth largest reinsurance broker with
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