Gallagher agrees 100% Capsicum Re ownership deal

Grahame Chilton

Arthur J Gallagher has signed heads of terms with Capsicum Reinsurance Brokers to increase its stake in the firm from 20% to 100%.

Gallagher confirmed in a statement: “The parties will now continue their exclusive negotiations. Any deal remains subject to the receipt of necessary approvals and the execution of relevant agreements and the parties will not be commenting further at this stage.”

The reinsurance broker was set up by Grahame Chilton and Rupert Swallow in 2013.

It was

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