Arthur J. Gallagher sells Gallagher Re's reinsurance broking business to Aon
27 February 2008
LG has advised existing client Arthur J. Gallagher (UK) Limited ("Gallagher"), the international insurance broking and risk management services firm, on the sale of all of Gallagher Re's treaty and certain parts of its facultative broking business in the UK to Aon.
The deal, structured as an asset sale, was run concurrently with the sale of substantially all of Gallagher Re's reinsurance broking business in the US for a total consideration of up to $45 million.
The LG team, led by corporate partner Geoff Gouriet, included employment partner Simon Malcolm and corporate associates Farhod Moghadam, Sam Gray and Jane Harding.
Geoff Gouriet said: "We are pleased to have advised Arthur J. Gallagher on this significant transaction drawing on teams from our employment and financial services groups to complement our Corporate team's expertise in this sector. It was great to be able to get this transaction done within a demanding timescale and we look forward to building on our relationship with Gallaghers."
Aon is a world leader in risk management, insurance broking, reinsurance, employee benefits and HR consulting services.
Clifford Chance advised Aon.
Note to editors
- LG is a London-based business law firm with over 270 lawyers, advising international entrepreneurial and growth market clients seeking to raise capital for their business ventures.
ENDS
Search
Need more information?
Geoff Gouriet
+44 (0)20 7759 6788