Global insurance giant AJ Gallagher has made another big move by buying Shepard, a well-known retail insurance broker. This deal helps Gallagher grow its services in the US, especially in the areas of business and personal insurance.
Shepard has been in the insurance business for over 60 years, offering coverage for businesses, homes, and cars. By joining Gallagher, Shepard’s clients will now have access to more insurance options and better support. Gallagher is known for buying smaller brokers to strengthen its market position, and this deal follows that strategy.
Experts say this acquisition is part of a larger trend in the insurance industry, where big companies are buying smaller ones to expand their reach. Gallagher’s CEO said the deal will help them serve customers better by combining Shepard’s local expertise with Gallagher’s global resources.
For Shepard’s employees, the change means working under a bigger brand, but the company promises no major disruptions. Clients can expect the same service, just with more options.
This deal shows Gallagher’s commitment to growth and could lead to more acquisitions in the future. The insurance market is competitive, and big players like Gallagher keep getting stronger by adding trusted local brokers like Shepard.
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