A J Gallagher buys Heath Lambert
ILLINOIS-based broker Arthur J Gallagher is to buy UK broker Heath Lambert in a £97m ($158m) all-cash deal, Although AJG International has completed seven deals in the past four years, this is by far the largest and will serve, according to AJG International CEO David Ross, to create one of the largest insurance brokers in the UK behind Aon, Marsh, Willis and Jardine Lloyd Thompson.