21st November: Commercial insurance broker, The Oval Group (Oval), has announced a major rebrand following its recent acquisition by Arthur J. Gallagher.
From this week, Oval will transition to the Arthur J. Gallagher brand, fully aligning the two businesses with a common identity as they seek to build on their combined success, which has created a top three UK commercial retail insurance broker.
The rebrand of Oval follows the transition of Giles Insurance Brokers and Gallagher Heath to the Arthur J. Gallagher brand, which took place earlier this year following the 2013 acquisition of Giles and the 2011 deal, which brought Heath Lambert into the Arthur J. Gallagher group.
Arthur J. Gallagher’s £199 million acquisition of Oval in April 2014 marked a transformational deal that radically expanded its UK geographic footprint, bringing into the fold 20 new regional branch locations across England, Scotland, Wales and Northern Ireland, taking it into at least 10 new geographic territories and establishing it as the largest commercial insurance broker in several cities.
It brought together two high-performing businesses that, combined, are delivering even better propositions to clients due to the complementary nature of their industry specialisms and areas of expertise. Oval’s strong retail broking position in the UK and focus on medium to large corporate clients has provided a powerful complement to the SME-bias of Arthur J. Gallagher’s existing commercial insurance brooking expertise.
The deal cemented Arthur J. Gallagher as a major force in regional commercial insurance broking, responsible for £1billion of insurance premiums from more than 70 client-facing branch locations across the UK, employing approximately 2,000 people.
For former Oval customers, however, it is still very much business as usual, as Lisa Evans, Enterprise Business Unit Leader, explains: “Following the acquisition, our top priority was delivering a successful integration of the two businesses with minimum interruption to our valued customers. We’re delighted to announce today the completed rebrand of Oval to Arthur J. Gallagher across the UK. For our customers in the West Midlands and Warwickshire, it is very much business as usual. That said, we are now able to significantly widen our offering, providing more choice and better value for our business partners.”
To contact Arthur J. Gallagher, please call 024 7623 2600. Alternatively, please visit www.ajginternational.com
Notes to Editors:
For further information, please contact:
Claire Gething or Nikita Jan, Whistle PR
Notes to Editors:
Arthur J. Gallagher
On 1 April 2014, Arthur J. Gallagher announced the acquisition of The Oval Group for a total net consideration of approximately £199 million in cash.
The UK Retail division — Arthur J. Gallagher’s regional network of client-focused branches specialising in commercial insurance solutions for UK businesses – now directly controls £1 billion of gross written premium from more than 70 locations, and employs approximately 2,000 people.
Arthur J. Gallagher, the brand name for Arthur J. Gallagher & Co. outside of the United States, employs 6850 staff across the UK, Australia, Singapore, Caribbean, Canada, Chile, Norway and New Zealand.
Arthur J. Gallagher & Co. (NYSE: AJG), an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 27 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.