Arthur J. Gallagher & Co. Acquires First Actuarial

Rhea-AI Summary

Arthur J. Gallagher & Co (NYSE: AJG) announced on December 2, 2025 the acquisition of UK-based First Actuarial. Terms of the transaction were not disclosed. First Actuarial provides pension administration, employee benefits, consultancy and investment services to UK employers and pension trustees.

The existing First Actuarial team, led by David Joy, will remain in place and report under David Piltz, head of Gallagher's UK Benefits and HR Consulting Division. Gallagher said the deal expands its pension service capabilities in the UK and complements its employee benefits consulting operations. Gallagher operates in approximately 130 countries through owned operations and correspondent partners.

Positive

• Acquisition announced on Dec 2, 2025
• Adds UK pension administration and benefits consulting capabilities
• Existing First Actuarial team retained under Gallagher UK leadership
• Strengthens Gallagher presence in ~130-country global network

Negative

• Terms of the transaction were not disclosed
• No financial metrics provided to assess immediate shareholder impact

ROLLING MEADOWS, Ill., Dec. 2, 2025 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of UK-based First Actuarial. Terms of the transaction were not disclosed.

First Actuarial provides pension administration, employee benefits, consultancy and investment services to employers and pension plan trustees throughout the UK. The First Actuarial team, led by David Joy, will remain in their current locations under the guidance of David Piltz, head of Gallagher's UK Benefits and HR Consulting Division.

"First Actuarial is a highly regarded firm that expands our pension service capabilities in the UK and complements our employee benefits consulting operations," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome David 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.

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 did Arthur J. Gallagher (AJG) announce on December 2, 2025?

AJG announced the acquisition of UK-based First Actuarial to expand its pension and benefits consulting capabilities.

Will the First Actuarial team remain after the AJG (AJG) acquisition?

Yes. The First Actuarial team, led by David Joy, will remain in their current locations under Gallagher UK leadership.

Did AJG disclose the purchase price for First Actuarial in the December 2, 2025 release?

No. The press release states that terms of the transaction were not disclosed.

How does the First Actuarial deal affect AJG's UK services (AJG)?

The acquisition is described as expanding AJG's pension service capabilities in the UK and complementing employee benefits consulting.

Who will oversee First Actuarial after the acquisition by AJG (AJG)?

First Actuarial will be guided by David Piltz, head of Gallagher's UK Benefits and HR Consulting Division.