Gallagher reports rise in brokerage revenues for H1 2021
Simon Matson, CEO, Europe, Middle East and Asia, said the UK division had seen organic growth of 9%.
Gallagher has reported a rise in revenue for its brokerage segment to $3bn (£2.1bn) in the first half of 2021, up from $2.6bn in H1 2020.
Profit for this division increased to $592.0m (H1 2020: $501.6m), while adjusted Ebitdac rose to $1.1bn (H1 2020: $844.4m).
In addition, revenue in Gallagher’s risk management division increased to $465.3m in H1 2021, up from $402.6m in the first half of last year.
Gallagher closed a total of 12 deals in the first half of the year, including its purchase of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Clear Group snaps up HNW MGA
Shape Underwriting has acquired private client and high-net-worth specialist managing general agent Protect Underwriting.
New commercial broker Monteith launches with £1m target in first three months
Scott McLuskey has launched Monteith Corporate Risk with offices in Glasgow and London targeting £1m of premiums in its first three months of trading.
Biba 2025 Countdown: Premium Credit’s Owen Thomas
Ahead of the annual event, Owen Thomas, chief sales officer at Premium Credit, underlines the importance of growing compliantly in uncertain economic times, recommends a reliable pit stop to refuel, and nominates Arch’s Mike Bottle as good football manager material.
AUB UK Retail targeting 25 deals in 18 months
AUB UK Retail is looking to make 25 buys before the end of next year, with CEO Bob Pybus eyeing up building a £1bn premium business through acquisitions and organic growth, Insurance Age can reveal.
Biba 2025 Countdown: Broker Insights’ Peter Scott
With exactly a week to go until the conference, Peter Scott, CEO of Broker Insights, advocates meaningful conversations, describes Biba as ‘a marathon, not a sprint,’ and suggests delegates take a moment to reflect at the Alan Turing Memorial in Sackville Gardens.
News analysis: Does the UK broking community actually need another network?
With Jensten becoming the latest addition to the network landscape in March, Martin Friel assesses whether the sector is over subscribed and reflects on how these operations have evolved over the last three decades.
Start-up broker to launch in Q3 targeting motor
Pizza, a start-up insurance broker, is set for its consumer launch in the third quarter of 2025.
Direct Commercial rolls out larger commercial vehicles product on Acturis
Direct Commercial has launched Haul In One Truck IHP on the Acturis platform, extending the availability of its Haul In One proposition to include larger commercial vehicles and staking a claim for an industry first.