Gallagher's $10bn M&A war chest waits out dawdling sellers

The M&A war chest of global re/insurance brokerage AJ Gallagher, still a robust $10 billion, is staring at a smaller current target list, but a ballooning potential pipeline as sellers struggle to adjust to the ebb of deal pricing, but with Gallagher retaining its appetite in full for an expected rebalancing of price expectations, top officials have indicated.