Arthur J. Gallagher & Co. Acquires Philinsure

Core Insights - Arthur J. Gallagher & Co. has acquired the remaining shares of Philpacific Insurance Brokers & Managers, Inc., known as Philinsure, after previously making a minority investment in the company [1] - Philinsure operates as a commercial insurance and reinsurance broker in the Philippines, with its headquarters in Cebu City and additional offices in greater Manila and Davao City [2] - The acquisition is expected to enhance Gallagher's retail brokerage capabilities in Asia, aligning with the company's growth strategy [3] Company Overview - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries [3] - The leadership team at Philinsure, including Gordon "Dondi" Joseph, will continue to operate under the direction of Sarah Lyons, who oversees retail property/casualty brokerage operations for Gallagher in Australia and Asia [2][3]