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The classic car insurer is expected to trade under the ticker HGTY.
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Berkshire Hathaway’s Aon holding rose 7.3% in Q2, with the Marsh McLennan stake down 21%.
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The two brokers have also agreed to non-solicitation clauses in their new deal.
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Following the acquisition, Bob Sudler, Sudler Insurance’s sole shareholder, will operate from Brown & Brown’s office in Ft Lauderdale.
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The executive also praised Willis Re's management team for pushing for the best outcome for clients.
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The broker has explained the rationale for its $3.25bn acquisition of Willis Re on an investor call.
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After the collapse of the Aon-Willis merger, Gallagher has successfully resurrected the deal that will catapult its reinsurance operation into the big league.
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In an interview alongside Align’s founder Kieran Sweeney, the legendary London market entrepreneur also disclosed his company paid $800mn for the US MGA.
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AJ Gallagher turns working partnership with Turkey’s Brokers’ House into ownership stake.
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Align’s founder Kieran Sweeney will run the merged business in the US, become executive chairman of Dual Group globally, and is joining Howden’s executive committee.
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Arbanas & Associates principals to retire following combination with McGowan Companies.
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AJ Gallagher is on the cusp of a deal to acquire Willis Re, and the transaction is likely to be announced imminently, this publication can reveal.