AJ Gallagher cites "tremendous quarter" for acquisitions
Broker expects Giles deal will generate $140m [£87.4m] in annual revenue.
AJ Gallagher hailed its acquisition programme as having a "tremendous quarter" as it confirmed that the deal to buy Giles should be wrapped up by early November.
It came as the company posted a profit of $74.6m [£46.5m] for the third quarter, up on the $61.7 recorded for the same period last year.
For the nine-month period ended 30 September Gallagher made a profit of $208.6m, an increase on the $161.5m during the same time last year.
The broker said that the additions of Giles and US broker
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Blog: Brokers must rethink their role as supply chain risk reaches new inflection point
The role of a broker is not simply to place insurance, but to help clients navigate uncertainty with confidence, including anticipating problems before they materialise, argues Nick Smallcorn, managing director of corporate and specialty risks at Clear Group.
Aviva urges brokers to educate SMEs on cyber risks
Research from Aviva has found 36% of SMEs rank cyber as their most significant risk, with the insurer urging brokers to step in as firms underestimate cyber and other disruptive risks.
Cyber insurer adds Deepfake Response Endorsement to policies
Cyber insurance specialist Coalition has added a new Deepfake Response Endorsement to its policies globally, including the UK, it has announced.
Partners& hires managing partner to wellbeing division
Partners& has hired Tom Klinkenberg from Lockton as managing partner of wellbeing, health and protection.
FCA confirms insurance rules simplification
The Financial Conduct Authority has confirmed changes to simplify its rules for brokers and insurers including ongoing training and product reviews and revealed further plans for next year.
End of Year Review 2025: nCino’s Ashleigh Gwilliam
Ashleigh Gwilliam, director of insurance at nCino calls for more to be done to make insurance careers genuinely attractive to young talent and predicts AI will be handling first-pass underwriting decisions on at least 30% of SME commercial risks by the end of next year.
PIB updates on progress following aborted Gallagher deal
PIB Group has revealed its M&A activity will be “exclusively centred” on Spain, Netherlands, Germany and France next year as it hailed a record 27 deals to September 2025.
With Brewis and Mills gone, what can brokers expect from the FCA in 2026?
Compliance experts are hoping for a slowdown and simplification of rules from the Financial Conduct Authority throughout 2026 following Matt Brewis and Sheldon Mills exit from the regulator. Rosie Simms reports.