Arthur J. Gallagher & Co. Acquires Philinsure

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the complete acquisition of Philpacific Insurance Brokers & Managers (Philinsure), following a previous minority investment. The Philippines-based commercial insurance and reinsurance broker operates from its headquarters in Cebu City with additional offices in Manila and Davao City.

Gordon 'Dondi' Joseph and his team will continue operations from their current locations, reporting to Sarah Lyons, who heads Gallagher's retail property/casualty brokerage operations in Australia and Asia. The acquisition strengthens Gallagher's retail brokerage presence in Asia, though financial terms were not disclosed.

The global insurance brokerage, risk management and consulting services firm currently operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

ROLLING MEADOWS, Ill., March 10, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers, Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed.

Philinsure is a commercial insurance and reinsurance broker serving clients across the Philippines from its headquarters in Cebu City and other offices in greater Manila and Davao City. Gordon "Dondi" Joseph and his team will remain in their current locations under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.

"With a strong record of growth and a culture like our own, Philinsure provides a fantastic opportunity to expand our retail brokerage capabilities in Asia," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Dondi and his associates to our growing, global family of Gallagher professionals."

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.

Investors: Ray Iardella, VP - Investor Relations	Media: Paul Day, Senior Media Relations Manager
630-285-3661/ ray_iardella@ajg.com	630-285-5946/ paul_day1@ajg.com

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What is the strategic importance of Gallagher's Philinsure acquisition in Asia?

The acquisition expands AJG's retail brokerage capabilities in Asia, particularly in the Philippines, with operations across Cebu City, Manila, and Davao City.

How will Philinsure be integrated into Gallagher's existing operations?

Philinsure's team, led by Gordon 'Dondi' Joseph, will maintain their current locations while operating under Sarah Lyons, who heads Gallagher's retail property/casualty brokerage in Australia and Asia.

What is the geographic reach of AJG's operations after the Philinsure acquisition?

AJG operates in approximately 130 countries through owned operations and a network of correspondent brokers and consultants.

What services does Philinsure provide in the Philippines market?

Philinsure operates as a commercial insurance and reinsurance broker, serving clients throughout the Philippines from offices in Cebu City, Manila, and Davao City.

When did Gallagher complete the Philinsure acquisition?

Gallagher announced the completion of the Philinsure acquisition on March 10, 2025, following an earlier minority investment in the business.