M&A Deal Summary

Gallagher Acquires Briat Insurance

On October 4, 2021, Gallagher acquired insurance company Briat Insurance

Acquisition Highlights
  • This is Gallagher’s 359th transaction in the Insurance sector.
  • This is Gallagher’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2021-10-04
Target Briat Insurance
Sector Insurance
Buyer(s) Gallagher
Deal Type Add-on Acquisition

Target

Briat Insurance

Grand Cayman, Channel Islands
Briat Insurance is a retail insurance broker offering commercial, professional, homeowners and health insurance coverages to businesses and individuals with a footprint in the Cayman Islands. Briat Insurance was founded in 2012 and is based in Grand Cayman.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States
Category Company
Founded 1927
Sector Insurance
Employees44,000
Revenue 10.1B USD (2023)
DESCRIPTION
Gallagher's headquarters in Rolling Meadows, Illinois.
Gallagher's headquarters in Rolling Meadows, Illinois.

Gallagher is an international insurance brokerage and risk management services firm. Gallagher has operations in 27 countries and offers its services in more than 140 countries around the world through a network of correspondent brokers and consultants. Gallagher was incorporated in 1927 and is based in Rolling Meadows, Illinois.

DEAL STATS #
Overall 432 of 553
Sector (Insurance) 359 of 459
Type (Add-on Acquisition) 407 of 523
Country (Channel Islands) 1 of 1
Year (2021) 24 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Manchester Underwriting

Buckinghamshire, United Kingdom

Manchester Underwriting is a specialist underwriting agency that specializes in providing professional indemnity and management liability coverages for SMEs through its independent retail broker clients. Manchester Underwriting was founded in 2010 and is based in Buckinghamshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 SeaCoast Underwriters

Coral Gables, Florida, United States

SeaCoast Underwriters is a wholesale specialist that serves as a managing general agency (MGA) with binding authority, as well as a surplus lines broker, for a wide variety of admitted and non-admitted insurers. SeaCoast Underwriters was founded in 1996 and is based in Coral Gables, Florida.

Buy -
Mergr

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