Today we can announce that Lifesure Group Limited (Lifesure) has been acquired by Gallagher.
Gallagher are one of the largest and most recognisable insurance brokers in the world; offering client service capabilities in more than 130 countries through a network of correspondent brokers and consultants. Just like Lifesure, they are a family business and share similar values to those that form the fabric of the culture at Lifesure.
Lifesure, established in 1971, provides insurance broking services in the holiday and leisure industry. Products include park home, motorhome, holiday caravan, leisure home, car and home insurance. The business employs a team of 50 and is led by Managing Director, Paul Reid. Gallagher already has a significant customer base in the leisure industry and Lifesure and the team will further strengthen its offering in this specialist market.
As part of the transaction, Gallagher will also acquire Lifesure’s sister company Barnes Commercial who offer commercial insurance solutions to small-to-medium businesses, becoming part of Gallagher’s UK & Ireland Retail division.
Michael Rea, CEO of Gallagher’s UK & Ireland Retail division said: “I am very pleased to welcome the Lifesure team and its clients to Gallagher. This thriving business has a portfolio of specialisms that are complementary to our existing business, and provides us with additional scale in niche areas. Lifesure has been established for over 50 years and has a very positive reputation in the specialist holiday and leisure insurance market enjoying high levels of client retention.”
Paul added: “We believe we have found the ideal partner in Gallagher to take both Lifesure and Barnes Commercial forward. Gallagher’s focus on developing its employees to provide great client service fits perfectly with our ethos and the team will benefit from being part of a leading global insurance organisation and the many opportunities this brings. This partnership will provide a springboard for further success.”
For further information, please visit www.ajg.com