Arthur J. Gallagher to purchase global aerospace book from JLT

Arthur J. Gallagher & Co. (AJG) has reached an agreement to purchase Jardine Lloyd Thompson Group (JLT)’s global aerospace operations. The acquisition will see AJG consume all assets within JLT’s global aerospace retail and wholesale insurance broking division, which includes operations in the US, UK, Canada, Australia, New Zealand and 10 other countries in Europe, Latin America and Asia. The global insurance brokerage will also take on the assets of Hayward Aviation, a UK insurance broker that specialises in aviation for high-net worth individuals and smaller airlines. “The addition of JLT’s global aerospace broking operations will firmly position Gallagher as a leading broker in the extremely attractive and dynamic aviation and aerospace sector,” said J. Patrick Gallagher, Jr., chairman, president and CEO.