Arthur J Gallagher and Co, a global insurance brokerage, risk management and consulting services firm, has acquired First Actuarial.
Headquartered in Illinois, USA, Gallagher operates in 130 countries through its owned operations and network of correspondent brokers and consultants.
First Actuarial provides pension administration, employee benefits, consultancy and investment services to employers and pension plan trustees throughout the UK.
The First Actuarial team, which is led by David Joy, managing director, will remain in the location in which they currently work. They will stay under the guidance of David Piltz, chief executive officer of Gallagher Benefits and HR Consulting Division.
The terms of the transaction between the two organisations have not been disclosed.
J Patrick Gallagher, Jr, chairman and chief executive officer of Arthur J Gallagher and Co, said: “First Actuarial is a highly regarded firm that expands our pension service capabilities in the UK and complements our employee benefits consulting operations. I am very pleased to welcome David and his associates to our growing, global team.”
