Gallagher passes up Oxygen acquisition but buys teams
AJ Gallagher International has decided not to take up its exclusive option to acquire Oxygen Holdings and has instead secured an agreement to take 21 senior members of staff and the business they broker, The Insurance Insider can reveal.
The staff that will move include brokers that work across construction, power and mining, professional indemnity, management risks and binders business.
Oxygen will be compensated for the departures, although neither side is making the terms of the transaction public.
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