Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage and risk management firm, has acquired New Zealand-based insurance broker RMA General Limited. The transaction, announced today, strengthens Gallagher’s presence in the New Zealand insurance market. Financial terms of the deal were not disclosed.
Enhancing Gallagher’s Presence in New Zealand
RMA General Limited provides a range of commercial and personal insurance products, as well as tailored life and health insurance solutions to clients across New Zealand. As part of the acquisition, RMA’s leadership team, led by Managing Director Josh Adams, will integrate into Gallagher’s operations. Adams and his team will report to Carl O’Shea, who oversees Gallagher’s retail brokerage division in New Zealand.
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., emphasised the cultural and operational alignment between the two companies. “RMA has a client-focused culture like our own and will expand our brokerage capabilities in New Zealand,” he said, “I am delighted to welcome Josh and his associates to our growing, global team.”
The Expansion
This acquisition is the latest in Gallagher’s ongoing strategy to expand its global footprint through targeted acquisitions. The company has been actively growing its brokerage and risk management services in key markets worldwide, completing over 300 acquisitions to date.
According to industry data from Tracxn, Gallagher has maintained an aggressive acquisition pace, averaging 23 deals per year over the past three years. In addition to RMA, the firm recently acquired several other insurance and risk management companies, including Dyste Williams in the United States, Case Group in Brazil, and Agilis Partners LLC in Massachusetts.
With headquarters in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.
Market Impact and Future Growth
While financial details of the RMA acquisition remain undisclosed, industry analysts view the move as a continuation of Gallagher’s strategy to expand in high-growth markets. The firm recently reported strong financial performance, with a 14.3% increase in revenue over the past year and a history of consistent dividend payments spanning 41 years.