Gallagher buys majority stake in Vasek Insurance Services

Acquisition

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 Gallagher

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