Gallagher Acquires UK Regional Commercial Broker Risk Services (NW)

Insurance broker Gallagher reports it has acquired regional commercial insurance broker Risk Services (NW) Ltd., based in Chester. Terms of the transaction were not disclosed.

Risk Services was established in 1999 by Managing Director Steve Lowe Since then the business has grown organically and through acquisition to become one of the largest independent insurance brokers in Chester, North Wales and the surrounding area.

Risk Services and team will become part of the North-West region of Gallagher’s UK retail branch network, which serves customers from more than 50 locations.

Lowe will continue in the business focusing on client relationships and business development and, as part of the transaction, Director Tom Penn will step up to the role of head of office in Chester.