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New Deal


Announced

Arthur J. Gallagher & Co acquires RGA Group.

Financials

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Transaction Value-
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Capital Owned-
Capital Bid For100%
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Share Price Premium-
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Tags

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United Kingdom

Full Line Insurance

Acquisition

Single Bidder

Private

insurance

Pending

Synopsis

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Arthur J. Gallagher & Co acquired of three Brentford, UK-based insurance intermediaries — Rentguard, Home & Travel and RGA Underwriting - collectively referred to as RGA Group. Financial terms were not disclosed. RGA Group specialize in coverages for private and professional landlords and real estate portfolio owners, as well as offering wider property owner insurance coverages to individuals and businesses. Group CEO James Castell and his associates will continue to operate from their current location under the direction of Gareth Birch, head of Gallagher's UK SME & Personal Lines Division. "RGA Group's expertise in developing and delivering effective risk solutions across the property owners' insurance market broadens our international specialist capabilities. I'd like to extend a warm welcome to James and his associates as they join our growing global team." J. Patrick Gallagher, Jr., Chairman, President and CEO.

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