Arthur J Gallagher has completed its acquisition of AssuredPartners in a deal the intermediary said would add scale, expertise and talent to its operations in the UK and Ireland. AssuredPartners has a team of more than 750 people in the UK and Ireland working from 35 locations. In the US, it has more than 350 locations and a team of more than 10,000 people.

J Patrick Gallagher Jr, chairman and CEO of Gallagher, said: “I am extremely excited to welcome our new colleagues to Gallagher. Together, we will further build upon our client-centric, entrepreneurial cultures and utilise our product and industry expertise, extensive data, innovative analytical tools, outstanding service, and broad product offerings to provide our clients with the very best insurance and risk management solutions.”

He added: “I am confident the combination will deliver tremendous value to our clients and our shareholders.”

The deal, valued at £10.5bn, was first announced at the end of last year.