Gallagher to buy Willis Re for up to $4bn
Gallagher has agreed to pay up to $4bn (£2.9bn) for Willis Re's treaty reinsurance brokerage operations, reviving the deal that was called off when Aon’s takeover of Willis Towers Watson collapsed.
The purchase will cost Gallagher $3.25bn up front with a further payment of $750m dependent on hitting third-year revenue targets.
It is expected to complete during the fourth quarter of this year
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