NYSE-listed insurance brokerage Arthur J Gallagher buys RMA General

NYSE-listed insurance brokerage Arthur J Gallagher buys RMA General
Gallagher NZ retail brokerage head Carl O'Shea will lead RMA. (Image: Gallagher)
John Anthony
New Zealand financial services firm RMA General has been acquired by New York Stock Exchange-listed insurance brokerage Arthur J Gallagher & Co for an undisclosed sum.Founded in 1927, Gallagher employs about 56,000 people across 130 countries. Based in Rolling Meadows, Illinois, it has a market cap of US$86 billion (NZ$150b).Gallagher announced the acquisition of RMA and its insurance broking businesses this week, though terms were not disclosed.Client-focused culture RMA offers commercial, personal and tailored life and health insuran...

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