Arthur J. Gallagher & Co. Acquires First Ireland Risk Management Limited

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) announced on January 17, 2023, the acquisition of Dublin-based First Ireland Risk Management Limited, a retail insurance broker established in 1982. The transaction details remain undisclosed, but Gallagher emphasizes First Ireland's strong reputation and market expertise, which will enhance its capabilities in Ireland. The team, led by Tony Gill and Linda Gallagher, will continue operating under the guidance of Ronan Foley, Gallagher's head of insurance brokerage operations in Ireland. This acquisition aims to expand Gallagher's client base and service offerings in the region.

Positive

• Acquisition of First Ireland enhances Gallagher's market expertise and service capabilities in Ireland.
• Established in 1982, First Ireland has a strong reputation for client excellence.

Negative

• None.

ROLLING MEADOWS, Ill., Jan. 17, 2023 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Dublin, Ireland-based First Ireland Risk Management Limited ("First Ireland"). Terms of the transaction were not disclosed.

Founded in 1982, First Ireland is a retail insurance broker offering a variety of commercial and personal insurance products as well as life and pension solutions to clients throughout Ireland. Tony Gill, Linda Gallagher and their team will remain in Dublin under the direction of Ronan Foley, head of Gallagher's insurance brokerage operations in Ireland.

"First Ireland has built a strong reputation for client excellence over 40 years, and their market expertise will further enhance our capabilities in Ireland," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "We are delighted to welcome Tony, Linda and their colleagues to Gallagher and look forward to working with them to further expand their client base and service offerings."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

 

Investors:  Ray Iardella	Media:  Paul Day
VP - Investor Relations	Communications Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-first-ireland-risk-management-limited-301721893.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What was announced by Arthur J. Gallagher & Co. on January 17, 2023?

Arthur J. Gallagher & Co. announced the acquisition of Dublin-based First Ireland Risk Management Limited.

What does First Ireland Risk Management Limited specialize in?

First Ireland Risk Management Limited is a retail insurance broker offering commercial and personal insurance products as well as life and pension solutions.

Who will lead the team at First Ireland after the acquisition?

Tony Gill and Linda Gallagher will lead the team at First Ireland under the direction of Ronan Foley.

How does the acquisition affect Arthur J. Gallagher's operations in Ireland?

The acquisition is expected to enhance Gallagher's capabilities and client service offerings in Ireland.