Gallagher completes first UK employee benefits acquisition
US broking giant Arthur J Gallagher has acquired London-based Risk & Reward Group.
It follows the acquisition of Lloyd's broker First City in March by its UK subsidiary, AJG UK.
Risk & Reward Group is an employee benefits consultant and insurance broker which offers employee benefits insurance and consulting services to both UK and international clients.
Managing partner, Tim Johnson, and his staff will continue to operate from their London location reporting through John Neumaier, executive vice president of Gallagher's employee benefit consulting and brokerage operation.
"We are particularly excited to have completed the acquisition of Risk & Reward Group, our first employee benefits acquisition in the United Kingdom," said Patrick Gallagher Jnr, chairman, president and chief executive of Arthur J Gallagher & Co.
"Their solid culture, similar business model and commitment to delivering the highest professional standards will be a wonderful addition to our employee benefits operations. We are pleased to welcome Tim and his team to our growing Gallagher family of professionals."
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.
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