International broker wants to fund acquisitions
Arthur J Gallagher has completed a private placement of $200m (£127m) of bonds.
The company, headquartered in Illinois, US, said it intended to use the money raised to “fund acquisitions and for general corporate purposes”.
The company’s UK arm bought Barbon’s property and commercial book last month, its largest acquisition since it purchased Heath Lambert in 2011. Last year, it snapped up IDL, Intasure, Acumus and Contego.
It is due to move to a new headquarter at the Walbrook Building on Cannon Street, EC4, in August.
The bonds were issued with a 3.69% interest rate and are due to be repaid in 2022.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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