Arthur J. Gallagher & Co. announces two acquisitions
Insurance brokerage, risk management, and consultancy firm Arthur J. Gallagher & Co. has announced the acquisition of two firms: Anthony Hodges Consulting Limited (AHC) and Horseshoe Insurance Services Holdings Ltd. Terms of the AHC acquisition remain undisclosed.
The Horseshoe acquisition is expected to close some time this quarter. It will be signed by Artex Risk Solutions, Gallagher’s captive and alternative risk transfer solutions subsidiary. After the deal is final, Horseshoe will become Artex’s global brand of ILS services.
AHC is based in Wakefield, England and founded in 1996. It is a pension, change, and reward benefit communications consultancy that serves clients in the UK, US, and Australia. The firm also has offices in Minneapolis and Melbourne. Roger Hattam, AHC’s CEO, will continue operations out of the firm’s Wakefield office, reporting to Nick Burns, the head of Gallagher’s UK employee benefits consulting and brokerage arm.
“AHC's market-leading position in financial communications will significantly enhance Gallagher's recognition as an international financial wellbeing communication partner," J. Patrick Gallagher, Jr., chairman, president, and CEO of Gallagher, said. "I am delighted to welcome Roger and his associates to our rapidly expanding global team."
Founded in 2005, Horseshoe is headquartered in Bermuda. It is the largest independent company that provides insurance management, fund administration, advisory, and corporate services to the insurance-linked securities (ILS) market.
"We are excited to join forces with Artex and Gallagher. Being part of a larger organization will give us the opportunity to access worldwide resources and accelerate the development of bespoke solutions and products for ILS," Andre Perez, Horseshoe’s CEO, said. "Our goal has and will always be to add value to our clients. Together we will have quite a formidable team dedicated to the ILS market."
Like AHC, the acquisition of Horseshoe – which also operates out of offices in London, Cayman, Sri Lanka, and Charlotte, North Carolina – will see Perez and the Horseshoe team continue working from their current location. They will report to Artex CEO Peter Mullen.
"The Horseshoe team shares our company's deep culture of innovation, teamwork, and responsive customer service. Together, we have the opportunity to solidify our market-leading position as the largest provider of solutions to the ILS market," Mullen said.
