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Arthur J. Gallagher & Co. Acquires Philinsure

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Arthur J. Gallagher & Co. (NYSE:AJG) has announced the complete acquisition of Philpacific Insurance Brokers & Managers (Philinsure), following a previous minority investment. The Philippines-based commercial insurance and reinsurance broker operates from its headquarters in Cebu City with additional offices in Manila and Davao City.

Gordon 'Dondi' Joseph and his team will continue operations from their current locations, reporting to Sarah Lyons, who heads Gallagher's retail property/casualty brokerage operations in Australia and Asia. The acquisition strengthens Gallagher's retail brokerage presence in Asia, though financial terms were not disclosed.

The global insurance brokerage, risk management and consulting services firm currently operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

Arthur J. Gallagher & Co. (NYSE:AJG) ha annunciato l'acquisizione completa di Philpacific Insurance Brokers & Managers (Philinsure), dopo un precedente investimento di minoranza. Il broker di assicurazioni commerciali e riassicurazioni con sede nelle Filippine opera dalla sua sede a Cebu City, con ulteriori uffici a Manila e Davao City.

Gordon 'Dondi' Joseph e il suo team continueranno le operazioni dalle loro attuali sedi, riferendo a Sarah Lyons, che dirige le operazioni di brokeraggio di proprietà/casualty al dettaglio di Gallagher in Australia e Asia. L'acquisizione rafforza la presenza di Gallagher nel brokeraggio al dettaglio in Asia, sebbene i termini finanziari non siano stati divulgati.

La società globale di brokeraggio assicurativo, gestione del rischio e servizi di consulenza opera attualmente in circa 130 paesi attraverso operazioni proprie e una rete di broker e consulenti corrispondenti.

Arthur J. Gallagher & Co. (NYSE:AJG) ha anunciado la adquisición completa de Philpacific Insurance Brokers & Managers (Philinsure), tras una inversión previa de minoría. El corredor de seguros comerciales y reaseguros con sede en Filipinas opera desde su sede en Cebu City, con oficinas adicionales en Manila y Davao City.

Gordon 'Dondi' Joseph y su equipo continuarán las operaciones desde sus ubicaciones actuales, reportando a Sarah Lyons, quien dirige las operaciones de corretaje de propiedad/daños al por menor de Gallagher en Australia y Asia. La adquisición fortalece la presencia de Gallagher en el corretaje al por menor en Asia, aunque no se divulgaron los términos financieros.

La firma global de corretaje de seguros, gestión de riesgos y servicios de consultoría opera actualmente en aproximadamente 130 países a través de operaciones propias y una red de corredores y consultores corresponsales.

아서 J. 갤러거 & Co. (NYSE:AJG)필리핀 보험 브로커 및 관리자 (Philinsure)의 완전 인수를 발표했습니다. 이는 이전의 소수 지분 투자에 따른 것입니다. 필리핀에 본사를 둔 상업 보험 및 재보험 브로커는 세부 시티에 본사를 두고 있으며, 마닐라와 다바오 시티에 추가 사무소를 운영하고 있습니다.

고든 '돈디' 조셉과 그의 팀은 현재 위치에서 운영을 계속하며, 호주와 아시아에서 갤러거의 소매 재산/상해 중개 운영을 이끄는 사라 라이온스에게 보고합니다. 이번 인수는 아시아에서 갤러거의 소매 중개 존재를 강화하지만, 재무 조건은 공개되지 않았습니다.

글로벌 보험 중개, 위험 관리 및 컨설팅 서비스 회사는 현재 약 130개국에서 자체 운영 및 파트너 브로커 및 컨설턴트 네트워크를 통해 운영되고 있습니다.

Arthur J. Gallagher & Co. (NYSE:AJG) a annoncé l'acquisition complète de Philpacific Insurance Brokers & Managers (Philinsure), suite à un précédent investissement minoritaire. Le courtier en assurances commerciales et en réassurances basé aux Philippines opère depuis son siège à Cebu City, avec des bureaux supplémentaires à Manille et Davao City.

Gordon 'Dondi' Joseph et son équipe continueront leurs opérations depuis leurs emplacements actuels, rendant compte à Sarah Lyons, qui dirige les opérations de courtage en biens/risques de Gallagher en Australie et en Asie. L'acquisition renforce la présence de Gallagher dans le courtage de détail en Asie, bien que les conditions financières n'aient pas été divulguées.

La société mondiale de courtage d'assurances, de gestion des risques et de services de conseil opère actuellement dans environ 130 pays à travers des opérations propres et un réseau de courtiers et de consultants correspondants.

Arthur J. Gallagher & Co. (NYSE:AJG) hat die vollständige Übernahme von Philpacific Insurance Brokers & Managers (Philinsure) angekündigt, nachdem zuvor eine Minderheitsbeteiligung getätigt wurde. Der in den Philippinen ansässige kommerzielle Versicherungs- und Rückversicherungsbroker hat seinen Hauptsitz in Cebu City und zusätzliche Büros in Manila und Davao City.

Gordon 'Dondi' Joseph und sein Team werden die Geschäfte von ihren derzeitigen Standorten aus fortführen und berichten an Sarah Lyons, die die Einzelhandels-Immobilien-/Haftpflichtbrokerage-Operationen von Gallagher in Australien und Asien leitet. Die Übernahme stärkt die Präsenz von Gallagher im Einzelhandelsbrokerage in Asien, obwohl die finanziellen Bedingungen nicht offengelegt wurden.

Das globale Unternehmen für Versicherungsbrokerage, Risikomanagement und Beratungsdienste ist derzeit in etwa 130 Ländern tätig, sowohl durch eigene Betriebe als auch durch ein Netzwerk von Korrespondenzbrokern und Beratern.

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ROLLING MEADOWS, Ill., March 10, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers, Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed.

Philinsure is a commercial insurance and reinsurance broker serving clients across the Philippines from its headquarters in Cebu City and other offices in greater Manila and Davao City. Gordon "Dondi" Joseph and his team will remain in their current locations under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.

"With a strong record of growth and a culture like our own, Philinsure provides a fantastic opportunity to expand our retail brokerage capabilities in Asia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Dondi and his associates to our growing, global family of Gallagher professionals."

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, VP - Investor Relations         

Media: Paul Day, Senior Media Relations Manager

630-285-3661/ ray_iardella@ajg.com                       

630-285-5946/ paul_day1@ajg.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-philinsure-302396428.html

SOURCE Arthur J. Gallagher & Co.

FAQ

What is the strategic importance of Gallagher's Philinsure acquisition in Asia?

The acquisition expands AJG's retail brokerage capabilities in Asia, particularly in the Philippines, with operations across Cebu City, Manila, and Davao City.

How will Philinsure be integrated into Gallagher's existing operations?

Philinsure's team, led by Gordon 'Dondi' Joseph, will maintain their current locations while operating under Sarah Lyons, who heads Gallagher's retail property/casualty brokerage in Australia and Asia.

What is the geographic reach of AJG's operations after the Philinsure acquisition?

AJG operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

What services does Philinsure provide in the Philippines market?

Philinsure operates as a commercial insurance and reinsurance broker, serving clients throughout the Philippines from offices in Cebu City, Manila, and Davao City.

When did Gallagher complete the Philinsure acquisition?

Gallagher announced the completion of the Philinsure acquisition on March 10, 2025, following an earlier minority investment in the business.

Arthur J. Gallagher & Co

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