19 May 2014 Insurance

AJG reveals UK retail structure

Arthur J. Gallagher (AJG) has revealed changes to the organisational structure of its UK retail division, following the appointment of Peter Blanc as chief executive officer.

The new structure is aimed at harnessing AJG’s combined expertise for organic.

It believes that the new leadership team fully reflects the combined strength and wider specialist knowledge of the previous Gallagher, Giles and Oval retail management teams, enhanced by the domain expertise brought in by other strategic acquisitions.

As the three UK-focused commercial insurance businesses move towards full integration, alongside transportation specialist Belmont International, the new structure positions Arthur J. Gallagher for strong organic growth, said the company.

It will create 11 distinct geographic regions, supplemented by specific areas of national focus and specialist practices, all of which are underpinned by an operating committee.

The new structure, effective immediately, coincides with the comprehensive rebrand of all 48 Gallagher Heath and Giles branches nationwide to Arthur J. Gallagher this month, creating a single common identity for the insurance broker’s UK-based regional commercial businesses.

The Oval and Belmont branches will transition to the Arthur J. Gallagher brand as soon as is practically possible.

“By fully aligning all of the high-performing businesses that, combined, already represent a top three UK commercial retail broker, Arthur J. Gallagher will be able to deliver even better propositions to clients due to the complementary nature of industry specialism, geographic dominance and areas of expertise,” said AJG.

Each of the 11 UK geographic territories will be led by a regional managing director, with full accountability for the performance of their business.

Similarly, each of the specialist practices will have a national leader, responsible for bringing together industry expertise from across the regions to create sector-specific propositions and market-leading products and services to maximise organic growth opportunities nationwide.

Blanc said: "With the transformational acquisitions of Oval and Giles building on Arthur J. Gallagher's first strategic expansion into the UK regions when it successfully completed the Heath Lambert deal in 2011, our UK Retail regional broking platform is complete. Our priority now is the effective integration of all our retail businesses to maximise the exceptional inherent growth opportunities and the breadth and depth of competitive advantage we can drive for clients.

"This new structure, occurring as it does alongside a comprehensive rebranding programme, will realise the full potential of Arthur J. Gallagher's scale, scope and specialisms. By bringing together all three UK-focused commercial businesses under a single and highly experienced team we can continue to deliver great support and service for our clients, people and insurer partners, underpinned by consistent and profitable growth."

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