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Gallagher strikes $13.5 billion deal for AssuredPartners to strengthen insurance broker business

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Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand Gallagher's offerings in niche segments,
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Arthur J. Gallagher & Co. has announced a significant acquisition of AssuredPartners Inc. for $13.5 billion, aiming to bolster its position in the insurance brokerage sector. This deal, which includes $5.3 billion in cash and $8.2 billion in stock, will see AssuredPartners, a major player in the U.S. insurance brokerage market, merge with Gallagher. The transaction is expected to close in the first half of 2025, pending regulatory approval. This acquisition will enhance Gallagher's capabilities in various insurance lines, particularly in property and casualty, and will expand its geographical footprint. The merger is part of Gallagher's strategy to grow through acquisitions, having completed 15 deals in the first quarter of 2024 alone.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/mergers-and-acquisitions/gallagher-strikes-13-5-billion-deal-for-assuredpartners-to-strengthen-insurance-broker-business/ar-AA1vy1Ay ]
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