AJ Gallagher
-
The anticipated portion ceded to reinsurance may reach the mid-to-high single-digit billions, it added. -
The broker cautioned unresolved Russia-Ukraine claims remain a ‘Black Swan’
-
But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
-
Supply generally exceeded demand and trading relationships were strong, CEO Tom Wakefield said.
-
Sonville’s hire was reported by Insurance Insider US last week.
-
Sources said the executive will join AJ Gallagher in a regional leadership position.
-
The pair will lead crisis management and financial lines, respectively.
-
Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
-
The deal is financially attractive, but risks diluting the jewel that is Gallagher’s US mid-market business.
-
The executive said the combined entity could execute 100-110 tuck-in M&A deals a year.
-
The deal represents a 14.3x Ebitda multiple and strengthens Gallagher’s mid-market position.
-
The deal dramatizes the jammed PE deals conveyor, with the playing field tilted towards strategics.
Related
-
AJ Gallagher in advanced talks to acquire AssuredPartners
December 08, 2024 -
WTW investor day: Steady improvement, but still a work in progress
December 05, 2024 -
AJ Gallagher confirms acquisition of THB Chile from Amwins
November 21, 2024 -
AJ Gallagher nears deal to acquire THB Chile from Amwins
November 01, 2024 -
Gallagher M&A pipeline up to ~$700mn acquired revenue: Pat Gallagher
October 24, 2024