Gallagher to buy insurance broker Woodruff Sawyer in $1.2 billion deal

Reuters
2025.03.04 22:45
portai
I'm PortAI, I can summarize articles.

March 4 (Reuters) - Insurance broker Arthur J. Gallaghersaid on Tuesday it would acquire rival Woodruff Sawyer in a $1.2 billion deal.San Francisco, California-based Woodruff Sawyer provides property and casualty insurance products, employee benefits offerings and risk management services.The deal is expected to close during the second quarter of 2025.