Gallagher has announced the acquisition of retail insurance broker Erimus Group.
Serving a mainly regional commercial client base in the North East of England, Stockton-on-Tees based Erimus was founded in 1986, has circa 2,500 clients, and employs around 40 risk professionals. It was previously privately owned.

Gallagher already has an extensive branch network across the UK and the acquisition of Erimus adds scale to the firm’s operations in the North East, building on its existing presence in Newcastle. Paul Davison, group CEO and Lee Elgie, managing director, will continue to oversee the business and will be supported by the existing team.

Michael Rea, CEO of Gallagher’s retail division, UK & Ireland, said: “This business is a great fit with our UK Retail proposition and provides us with a fantastic opportunity to expand our presence in the North East. The firm is focused on client service excellence and mirrors our own approach to doing business.”

Paul Davison, group CEO of Erimus, added: “This development is great news for clients as they will retain the personal service they are used to from the team that they know, and can additionally take advantage of Gallagher’s scale and expertise. It is also really positive news for our colleagues who will benefit from the increased opportunities of being part of a large, global firm with impressive growth aspirations.”

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