Gallagher acquires Devitt Insurance Services
Leading insurance broker Arthur J. Gallagher has acquired Devitt Insurance Services.
In the UK, Gallagher has more than 6,000 employees specialising in risk management, and insurance solutions, for corporate, commercial and personal customers. Through a regional network of branches based in communities across the UK, and its specialty London market operations, Gallagher offers tailored insurance programmes and coverage for both UK and international clients.
It is also one of the UK’s leading employee benefit and reward, employee communication and financial planning consultancies and is dedicated to providing local service and support to businesses, backed up by national industry specialism and global reach.
With operations in 68 countries, Gallagher offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Devitt brings affinity partnerships with organisations including The Caravan and Motorhome Club and BMW Motorrad, and further enhances Gallagher’s digital capabilities. Devitt will become part of Gallagher’s UK retail operations, which looks after the risk management and insurance needs of over 1.3 million customers throughout the UK and places circa £3 billion in premiums.
William Hughes, Managing Director and Tony Chapman, Finance Director, who oversaw a management buyout of the business from the Royal Bank of Scotland in 2011, will remain with the firm.
Commenting on the transaction, Michael Rea, CEO of Gallagher’s UK Retail Division, said: “We are delighted to welcome the Devitt team to Gallagher. The business has a great reputation for customer service, and its specialisms in motorhome and motorbike are a great fit for our business. In any transaction we always look for likeminded people and I am confident that as part of Gallagher, the Devitt team and business will flourish.”
William Hughes, Managing Director of Devitt said: “We are very pleased to find a permanent home and a fantastic partner for our business. The Gallagher team share our values and their focus on great client service fits well with what we do best – looking after our customers. Its fantastic news for our team that we will be part of a market-leading global broker going forward, and this partnership will enable us to continue our track record for growth, and provide a springboard for further success.”
For further information, please visit www.ajg.com/uk
