Gallagher confirms termination of agreement to buy Willis assets
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Gallagher confirms termination of agreement to buy Willis assets

James Thaler
26 July 2021
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Gallagher logo with Pat Gallagher Chicago skyline 2.jpg

AJ Gallagher confirmed late on Monday the termination of its agreement to buy a collection of broking operations from Willis Towers Watson that included Willis Re, following the demise of the mega-merger between Aon and Willis Towers Watson.

Gallagher said it plans to exercise a special optional redemption feature on its $650mn tranche of 10-year senior notes it issued in May.

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