Arthur J. Gallagher, an American brokerage firm, agreed to acquire the remaining 80% stake of Capsicum, London-based broker. Financial terms were not disclosed. “Is pleased to confirm it has agreed and signed heads of terms with Capsicum Reinsurance Brokers, with a view to Gallagher increasing its investment in Capsicum Re to 100% ownership. The parties will now continue their exclusive negotiations,” Patrick Gallagher Jr. Arthur J. Gallagher & Co Chairman, President and Chief Executive Officer.