Gallagher buys UK specialist crisis and risk management consultancy
Global re/insurance broker Gallagher has acquired a UK risk management consultancy as it continues to invest in niche businesses to build on and broaden its specialist capabilities.
AnotherDay will become part of Gallagher’s London-based speciality operations, providing complementary additional risk management and crisis expertise for the broker’s corporate client base to help manage a volatile operating environment across political risk/political violence, D&O and criminality, and cyber.
Founded in 2016, AnotherDay helps organisations pre-empt and prepare for complex threats, react to crises and investigate criminality through the use of intelligence and technology.
The firm is headed up by Jake Hernandez who will continue to run the business, and the existing team will continue to operate independently under the AnotherDay brand. Hernandez will report to Justin Priestley, executive director of crisis management.
Jonathan Turner, CEO of Gallagher’s speciality division, said: “The expertise, high standards of client service, vision for growth and entrepreneurial flair within AnotherDay made this transaction a compelling opportunity for us. The business fits very well with our strategy of investing in market-leading niche businesses that build on and broaden our specialist capabilities, and the team provides a strong complement to our existing London-based Specialty operations, as many clients are increasingly looking for this type of risk management support. I look forward to working with Jake and the team.”
Hernandez commented: “We have worked with the team at Gallagher for a number of years now, so we know that culturally our two organisations are well aligned. We are excited to work even more closely to deploy consulting, data and technology to help global clients understand potential threats, respond to crisis and criminality, and to provide analytics to transfer any remaining risk into the insurance market based on an accurate perception of potential loss. We’re also looking forward to broadening our advisory to (re)insurance markets in dealing with an increasingly volatile risk environment, and Gallagher provides a great platform and infrastructure for us to do that.”
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