Arthur J. Gallagher & Co. Completes its Acquisition of Edelweiss Gallagher Insurance Brokers Limited

Rhea-AI Summary

Arthur J. Gallagher & Co. has successfully completed its acquisition of Edelweiss Gallagher Insurance Brokers Limited, based in Mumbai, India. This acquisition aligns with Gallagher's strategic aim to expand its global footprint, enhancing its client service capabilities across 150 countries. Gallagher operates in 57 countries, and this move potentially opens new market segments and synergies in the rapidly growing Indian insurance market. The transaction highlights Gallagher's commitment to strengthening its position in the insurance brokerage sector.

Positive

• Expansion into the growing Indian insurance market.
• Enhances global client service capabilities, now in more than 150 countries.
• Potential for new market segments and synergies.

Negative

• None.

ROLLING MEADOWS, Ill., Oct. 18, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that it has completed its acquisition of Mumbai, India-based Edelweiss Gallagher Insurance Brokers Limited.

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 57 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Investors:  Ray Iardella	Media:  Linda J. Collins
VP – Investor Relations	VP – Corporate Communications
630-285-3661/ ray_iardella@ajg.com	630-285-4009/ linda_collins@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What is the significance of Arthur J. Gallagher's acquisition of Edelweiss Gallagher Insurance Brokers Limited?

The acquisition significantly expands Gallagher's presence in the Indian insurance market, enhancing its global service capabilities.

When did Arthur J. Gallagher complete the acquisition of Edelweiss Gallagher?

The acquisition was completed on October 18, 2021.

What impact does the acquisition of Edelweiss Gallagher have on AJG's market strategy?

It is expected to bolster AJG's market strategy by allowing access to new clients and increasing operational synergies.

How many countries does Arthur J. Gallagher operate in after acquiring Edelweiss Gallagher?

Following the acquisition, Gallagher operates in 57 countries worldwide.