M&A Deal Summary

Gallagher Acquires Kane - Insurance Management Operations

On March 21, 2016, Gallagher acquired insurance company Kane - Insurance Management Operations from Kane Solutions

Acquisition Highlights
  • This is Gallagher’s 181st transaction in the Insurance sector.
  • This is Gallagher’s 16th transaction in the United Kingdom.

M&A Deal Summary

Date 2016-03-21
Target Kane - Insurance Management Operations
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Kane Solutions
Deal Type Divestiture

Target

Kane - Insurance Management Operations

United Kingdom
Kane (Guernsey) - Insurance Management Operations is a provider of insurance services.

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Buyer(S) 1

Buyer

Gallagher

Rolling Meadows, Illinois, United States

Category Company
Founded 1927
Sector Insurance
Employees56,000
Revenue 11.6B USD (2024)
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 230 of 581
Sector: Insurance M&A 181 of 483
Type: Divestiture M&A Deals 7 of 22
Country: United Kingdom M&A 16 of 47
Year: 2016 M&A 4 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 Bomford Couch & Wilson

Miami, Oklahoma, United States

Bomford, Couch & Wilson, Inc. is a retail insurance broker providing commercial property/casualty, risk management consulting, employee benefits and personal lines insurance services to small and middle-market clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Joseph Distel & Co.

Farmington, Connecticut, United States

Joseph Distel & Co., Inc. is a managing general agent and wholesale insurance broker which provides excess and surplus, property/casualty, professional business liability and other specialty insurance products and services to their independent insurance agent and broker clients throughout the Northeast.

Buy -

Seller(S) 1

SELLER

Kane Solutions

Hamilton , Bermuda

Category Company
Founded 2001
Sector Business Services
DESCRIPTION

Kane Solutions engages in the development, integration, and management of administration services and platforms. Kane Solutions team comprises highly experienced and respected market practitioners, experts in all stages of the product lifecycle. Kane Solutions was founded in 2001 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 HSBC Insurance Management Services

Santa Monica, California, United States

HSBC Insurance Management Services is an extensive and diverse customer base providing management, administration, and structuring support services for Captives; Cell Companies; Insurance-Linked Securities; Insurance and Reinsurance Companies; and Life, Pensions and Investment (LPI).

Buy $28M