Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday; this deepens its focus on property and casualty and employee benefits across the United States.
The deal will expand Gallagher's offerings in niche segments, including transportation, energy, healthcare, government contractors and public entity, and bolster its business in the United Kingdom and Ireland.
The Insurer, a Reuters publication, exclusively reported on Sunday that Gallagher was close to a deal for AssuredPartners.
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