M&A Deal Summary

Gallagher Acquires Willis Towers Watson - Treaty Reinsurance Brokerage Operations

On August 13, 2021, Gallagher acquired insurance company Willis Towers Watson - Treaty Reinsurance Brokerage Operations from Willis Towers Watson for 4.0B USD

Acquisition Highlights
  • This is Gallagher’s 355th transaction in the Insurance sector.
  • This is Gallagher’s largest (disclosed) transaction.
  • This is Gallagher’s 32nd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-08-13
Target Willis Towers Watson - Treaty Reinsurance Brokerage Operations
Sector Insurance
Buyer(s) Gallagher
Sellers(s) Willis Towers Watson
Deal Type Divestiture
Deal Value 4.0B USD

Target

Willis Towers Watson - Treaty Reinsurance Brokerage Operations

London, United Kingdom
Willis Towers Watson's Treaty Reinsurance Brokerage Operations provides a full range of insurance services.

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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 427 of 544
Sector (Insurance) 355 of 450
Type (Divestiture) 15 of 19
Country (United Kingdom) 32 of 44
Year (2021) 19 of 37
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Brokers’ House

Uskudar, Turkey

Brokers’ House is a commercial insurance and facultative reinsurance broker offering a broad range of commercial and specialty lines including property, financial lines, energy, engineering, and marine cargo. Brokers’ House was formed in 2010 and is headquartered in Istanbul.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Lloyd Bedford Cox

Bedford Hills, New York, United States

Lloyd Bedford Cox is a retail insurance agency providing comprehensive insurance coverage, services and risk assessment tools to high-net-worth individuals and families throughout the United States, Europe, the Bahamas and the Caribbean. Lloyd Bedford Cox was founded in 1921 and is based in Bedford Hills, New York.

Buy -

Seller(S) 1

SELLER

Willis Towers Watson

London, United Kingdom

Category Company
Founded 1828
Sector Insurance
Employees48,000
Revenue 9.5B USD (2023)
DESCRIPTION

Willis Towers Watson is a global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. Willis designs and delivers solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Willis Towers Watson was founded in 1828 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 2
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Unity Group

Panama City, Panama

Unity Group is a regional insurance broker in Central America with operations in six countries, specializing in property & casualty, affinity, health & benefits, personal lines and consulting services. Unity Group was founded in 1991 and is based in Panama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Leaderim

Ramat Gan, Israel

Leaderim is an insurance broker in Israel, arranging commercial insurance portfolios and providing independent consultancy services for clients with a professional, dynamic and innovative approach. Leaderim is based in Ramat Gan, Israel.

Buy -