Arthur J Gallagher expands in NZ with First Capital acquisition

Hugh Percy has been First Capital managing director since founding the company in 2002. (Image: First Capital)

Thu, 01 May 2025

Global insurance brokerage giant Arthur J Gallagher & Co (AJG) has expanded its New Zealand footprint by acquiring financial advisory firm First Capital Financial Services (First Capital).AJG, one of the world’s largest insurance brokerage, risk management, and consulting firms, is listed on the New York Stock Exchange and has a market capitalisation of around US$55 billion (NZ$92.6b).In a market announcement, AJG confirmed the deal includes First Capital’s affiliate, First Capital Wealth Management. Terms of the transaction wer...

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