1. AJG acquired New Zealand's RMA General Limited to enhance capabilities. 2. RMA specializes in commercial and personal insurance products. 3. Acquisition aligns with AJG's client-focused culture and global expansion. 4. Josh Adams and his team will integrate into AJG's New Zealand operations.
The strategic acquisition expands AJG's market presence, which may drive revenue growth. Past acquisitions, like that of Bickerstaff in 2019, led to improved financial results.
Acquisitions significantly impact market positioning and revenue; therefore, this news is critical to AJG's growth strategy.
The benefits from the acquisition will materialize over time as integration progresses. Long-term market presence generally improves brand value and profitability.
/PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of New Zealand-based RMA General Limited (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed.
RMA provides commercial and personal insurance products as well as tailored life and health solutions to clients throughout New Zealand. Josh Adams and his team will operate under the direction of Carl O'Shea, head of Gallagher's New Zealand retail brokerage operations.
"RMA has a client-focused culture like our own and will expand our brokerage capabilities in New Zealand," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Josh and his associates to our growing, global team."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
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SOURCE Arthur J. Gallagher & Co.