Gallagher completes 100% Capsicum Re ownership deal

deal-completed

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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