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The executive said the combined entity could execute 100-110 tuck-in M&A deals a year. -
The deal represents a 14.3x Ebitda multiple and strengthens Gallagher’s mid-market position.
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If the deal is finalised, it will represent the largest in the acquirer’s history.
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The broker has placed Rethink staff under consultation, sources said.
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Plus the latest people moves and all the top news of the week.
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In Partnership With Allianz CommericalThe proliferation of broker facilities has been a growing trend – but is it just a symptom of the market cycle?
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Barry Stiff is expected to join Aon in May.
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Jack Palmer and Toby Hanington are also joining the firm, as previously reported by Insurance Insider.
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Jon Thacker has been at WTW for 20 years, specialising in construction.
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Surging capacity suggests broker facilities are now refined enough to be a long-term feature.
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The firm is seen as an outstanding competitor to larger rivals in credit and political risk.
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Adam Garrard will cover his responsibilities on an interim basis.
