Arthur J. Gallagher to acquire Woodruff Sawyer for $1.2bn.

Arthur J. Gallagher, a US-based global insurance brokerage and risk management services firm, agreed to acquire Woodruff Sawyer, a private insurance brokerage and consulting firm, for $1.2bn. "Woodruff Sawyer has an outstanding reputation in our industry, and we have long admired their niche expertise and client-focused culture. Our complementary strengths will enhance the value we deliver to our clients and significantly expand our capabilities," J. Patrick Gallagher, Jr., Gallagher Chairman and CEO.