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Gallagher buys majority stake in Vasek Insurance Services

Acquisition

Deal is the broker's third in 2018 and follows Risk Services and Portmore.

Gallagher has bought a controlling interest in Purple Bridge Group, the holding company of UK specialist property insurance provider Vasek Insurance Services, for an undisclosed amount.

Michael Rea, CEO of UK retail for Gallagher, said: “As we continue to expand our business through acquisition alongside our focus on organic growth, Vasek is another fantastic addition.

“It’s a large scale, quality, property-led broker, offering specialist solutions that will be immediately accretive to

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Interview: Gallagher’s Karen Greenhalgh

Karen Greenhalgh, head of broking and placement for the commercial division at Gallagher in the UK, details her route into insurance, being one of the very first recruits when the US giant entered the retail market, and following her recent promotion her vision for her new role at the consolidating behemoth.

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