Gallagher faces “Herculean” integration task

ajg-herculean-task

After several large acquisitions, brokers warn that fully integrating the businesses could take AJG a while

Having bought Giles in September last year for £233m, Arthur J Gallagher grew again this April. On the 1st of the month it completed the purchase of Oval Group for £199m. This was closely followed by the announcement that the broker had bought Australian group Wesfarmers, which includes Oamps in the UK.

Then after a quiet 10 days, it emerged that Adrian Brown was standing down as CEO of UK and Western Europe at RSA to take up the role of executive chairman for underwriting and distribution at

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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