Heath Lambert buy makes Gallaghers a top ten broker
Arthur J Gallagher (AJG) has confirmed it has completed the long touted acquisition of Heath Lambert in a £97m cash deal.
Based on the Imas insurance broking rankings in 2010, the deal would create a business of some £170.3m brokerage, ranking it in the top ten UK firms behind BGL at number eight (with £271.1m) but ahead of Bluefin (on £140m).
AJG told Insurance Age's sister title Post that it believed Heath Lambert would enhance its existing UK operations through expanded capabilities in fine art specie, real estate, employee benefits, major construction, entertainment, affinity relationships and public sector
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