Gallagher completes on WTW reinsurance acquisition

Broker Arthur J Gallagher & Co has announced the completion of substantially all of the treaty reinsurance brokerage operations from Willis Towers Watson. The combined businesses will trade as Gallagher Re from more than 70 offices across 31 countries and employee around 2,400 people.

James Kent, global reinsurance CEO at Arthur J Gallagher & Co will head up Gallagher Re. He will report to Tom Gallagher, CEO of global property and casualty brokerage.

Kent said: “This combination marks a new chapter for two remarkable reinsurance broking teams as well as for our valued and extremely supportive clients and stakeholders. We are bringing together highly complementary and well-respected reinsurance businesses to create a truly compelling unified reinsurance platform.”

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