M&A

The acquisitive broker has recently expanded across Continental Europe with a string of deals.

The combination still needs sign-off from US, EC and other international authorities.

The intermediary has made its second Continental European acquisition as it looks to expand.

The pending disposals come after a major deal to sell a range of P&C assets to Gallagher for $3.6bn.

The second deal within a week to placate European regulators involves 350 staff and five offices.

The executive joins after a string of acquisitions since SRG’s investment from HGGC.

The CEO says the transaction accelerates AJG's strategy in Europe by five years.

Resolution facilities will allow the businesses to continue to trade in a post-Brexit environment.

The $3.57bn side deal is contingent on the closing of the bigger merger, which itself needs approval from regulators including the European Commission and Department of Justice.

The business looks well placed to succeed if it can keep retention in check and reinvest to build broader capabilities.

The AJG CEO vowed to invest in Willis Re assets while stressing the quality and security of the team.

The buyer says the deal involves revenue of about $1.3bn and earnings of around $357mn.