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Giles integration cost Gallagher £1.6m in 2013

Bag of money

Profit for its brokerage segment soared to $204.8m [£123.4m] during 2013.

AJ Gallagher has confirmed in the group financial results for the US company that the cost so far of integrating Giles has reached $2.7m [£1.6m].

Last year's most high-profile acquisition saw the consolidator swoop for Giles in a cash deal worth £233m.

Gallagher stated that profit for its brokerage segment came in at $204.8m for 2013, up on the $155.8m recorded the previous year.

On a quarterly basis, Gallagher reported a $50.5m Q4 profit, an increase on the $31.5m posted for Q4 2012. The broker

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