PR93395

ROLLING MEADOWS, Ill., Dec. 1, 2021 /PRNewswire=KYODO JBN/ --

Arthur J. Gallagher & Co. today announced that it has completed the acquisition

of substantially all of the treaty reinsurance brokerage operations from Willis

Towers Watson plc.

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Together with Gallagher's existing reinsurance operations, the combined

businesses will trade as Gallagher Re from more than 70 offices across 31

countries and incorporate c2400 colleagues. This acquisition brings specialist

expertise, underpinned by a portfolio of analytics capabilities including

catastrophe modeling, dynamic financial analysis, rating agency analysis and

capital modeling that will immediately provide exceptional value to insurance

carriers and insurance capital providers around the world.

Gallagher Re will be led by James Kent, Global Reinsurance CEO, who will report

to Tom Gallagher, Gallagher's CEO of Global Property & Casualty Brokerage.

"I'd like to officially welcome our new reinsurance brokerage colleagues to the

Gallagher family of professionals," said J. Patrick Gallagher, Jr., Chairman,

President and CEO. "Together, we will build upon our shared focus of

outstanding service, expertise and client-centric culture. I am confident the

combination will deliver tremendous value to our clients, our global brokerage

and risk management teams, and our shareholders."

James Kent added: "This combination marks a new chapter for two remarkable

reinsurance broking teams as well as for our valued and extremely supportive

clients and stakeholders. We are bringing together highly complementary and

well-respected reinsurance businesses to create a truly compelling unified

reinsurance platform. I am incredibly proud to be leading Gallagher Re into its

next phase of growth."

About Arthur J. Gallagher & Co.

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk

management and consulting services firm, is headquartered in Rolling Meadows,

Illinois. The company has operations in 57 countries and offers client service

capabilities in more than 150 countries around the world through a network of

correspondent brokers and consultants.

Investors:

Ray Iardella

VP - Investor Relations

(630) 285-3661/ Ray_Iardella@ajg.com        

US Media:

Kelli Murray

Director Global Public Relations

(630) 277-0347/ Kelli_Murray@ajg.com

UK Media:

Emma Banks

PR and Media Relations

+44(0) 207 204 6189 / Emma_Banks@ajg.com

Lynn Rouse

PR and Media Relations

+44 20 3425 3416 / Lynn_Rouse@ajg.com

SOURCE: Arthur J. Gallagher & Co.