Gallagher aquires FirstCity
Arthur J Gallagher (AJG) (UK) has today signed an agreement to acquire substantially all of the (re)insurance broking business of FirstCity Partnership.
In addition, FirstCity’s team in the UK will join AJG UK and its US professionals will join Arthur J Gallagher & Co.
In a statement AJG said: "The acquisition will result in a combined operation that places AJG UK among the top London market brokers ranked by revenue.
"FirstCity’s financial and professional lines business will be merged into a new dedicated AJG UK financial and professional risks division, other parts of their portfolio will be integrated into existing AJG UK divisions
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