Gallagher acquires UK regional commercial insurance broker

Broker Arthur J Gallagher is acquiring UK regional commercial insurance broker Risk Services based in Chester.

Risk Services was established in 1999 by managing director Steve Lowe to deliver tailor-made solutions for corporate and commercial clients.

Risk Services and its approximately 20-strong team of insurance staff will become part of the North-West region of Gallagher’s UK Retail branch network, which serves customers from more than 50 locations.

Risk Services founder Steve Lowe will continue in the business focusing on client relationships and business development and, as part of the transaction, director Tom Penn will step up to the role of head of office in Chester.

“It’s great for Gallagher to be back buying broking businesses in the UK and Risk Services is exactly the right type of well-run, client-focused regional broker that complements our existing branch network so well,” said Gallagher CEO of UK retail Michael Rea. “If regional brokers are looking for a great home for their clients and people, then Gallagher should be their first port of call. Risk Services is a fantastic addition to our cluster of offices in the North West. We are delighted to welcome them into Gallagher and very much look forward to working with the team.”

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