AJG brings Swiss units under Gallagher brand

Arthur J Gallagher has brought its Swiss subsidiaries Hesse & Partner and Verbag AG under the Gallagher banner, completing the integration of the firms into the broking giant.

Gallagher fully acquired Hesse & Partner in June 2021. The Zurich-headquartered firm was established in 1997 and provides risk management and insurance solutions for companies of all sizes in the industrial and service provider sectors.

Gallagher had previously acquired 65 percent of Hesse & Partner four years ago, enabling the Swiss broker to respond to growth opportunities and access international markets.

Verbag AG – a commercial lines, employee benefits, accident and health and high net worth personal lines business based in Rotkreuz – has been part of Gallagher since its acquisition by Hesse & Partner in 2019.

Vyvienne Wade, chair of global broking in Europe, Middle East and Asia at Gallagher, said: “The Hesse team shares our vision, client focus and entrepreneurial spirit and I am delighted to reach this key milestone. Having the team operating under our leading global insurance brand will give them a strong platform for further profitable growth.”

She continued: “This marks the first time the Gallagher brand has been used in Switzerland and is an exciting step as we continue to expand our European operations.

“Having an on-the-ground Gallagher team in the strong and stable economy of Switzerland, with its mature and globally significant insurance market will enable us to work more closely with core Swiss industry sectors such as financial services, commodity trading and manufacturing.”