Newcastle-based Gallagher Heath has today announced a rebrand to Arthur J. Gallagher to create a single common identity for the insurance broker’s UK-based regional commercial insurance businesses. It follows three years of strategic acquisition activity, including the purchase of Giles Insurance Brokers, which has an office in Durham that also rebrands to Arthur J. Gallagher with immediate effect.
From this week, the Gallagher Heath branch in Newcastle will transition to the Arthur J. Gallagher brand, signalling the full alignment of the two commercial insurance businesses — Gallagher Heath and Giles — as they seek to build on their combined success which has created a top three UK commercial retail insurance broker.
Based on Quayside, Arthur J. Gallagher in Newcastle employs over 40 people and specialises in tailored insurance solutions for the corporate sector across the North East.
Arthur J. Gallagher’s UK commercial broking operation began trading as Gallagher Heath following the £97 million acquisition of Heath Lambert in 2011, which represented an important strategic move for the group’s retail business and expanded its UK presence outside of London.
This was followed by Arthur J. Gallagher’s £233 million acquisition of the Giles group of companies last November, which marked a transformational deal that radically expanded its UK geographic footprint, bringing into the fold 36 new regional branch locations across England, Scotland, Wales, Northern Ireland, the Isle of Man and the Channel Islands.
It brought together two high-performing businesses that, combined, are delivering even better propositions to clients due to the complementary nature of their industry specialisms and areas of expertise. The deal demonstrated a huge acceleration of the company’s UK commercial broking ambitions, and simultaneously brought significant growth prospects for its underwriting operations.
Jon Simpkin, Regional Managing Director for the North East, explains: “When Arthur J. Gallagher acquired Heath Lambert three years ago, we wanted to retain the strong Heath brand to build on its years of retail insurance experience and strong insurance market relationships across the UK. Our fast business growth and subsequent strategic acquisitions mean that Arthur J. Gallagher itself is now a UK broking powerhouse that can cover the spectrum and scale of client risks, from a position of extensive expertise and experience.”
He continued: “Our top priority following both major acquisitions has been on delivering a successful integration of the businesses with minimum interruption to our valued business customers. We’re delighted to announce today a crucial and symbolic step in that process with the completed rebrand of Gallagher Heath and Giles to Arthur J. Gallagher across the UK. For our customers in the North East, it is very much business as usual. As well as a broader range of products, we will also have access to a wider number of insurers and the commercial benefits of a much larger organisation.”
Arthur J. Gallagher’s rebranded Newcastle branch is staffed by over 40 employees, including many who have worked together for more than 30 years. Servicing a client base which forms the foundation of the North East economy, the Arthur J. Gallagher operation places over £50m worth of premiums into the insurance market from Newcastle alone. A service-focused approach centred on face to face interaction, challenging the status quo and investing time to understand clients’ individual businesses results in bespoke, fit for purpose insurance programmes, high client retention and a majority referral rate. Knowledge and strength in both the local and national insurance market is also complemented by an ability to transact business in 140 countries worldwide, thereby helping clients and the North East to achieve excellence in export.