Global reinsurance broker Gallagher Re has acquired Nongxin Insurance Brokerage, a Beijing-based insurance broking firm. The acquisition is part of a Gallagher Re's broader commitment to, and investment in, the APAC region.
Gallagher Re's CEO of mainland China & Hong Kong Jia Lou said that this strategic move marks a significant milestone in their commitment to their clients and expanding their presence in the Chinese market. “With this acquisition, we will launch a new platform designed to deliver a comprehensive range of services. Our goal is to leverage local expertise with international resources to provide best in class solutions that meet the unique local needs. “Our group is dedicated to fostering strong relationships in China. We are excited about the opportunities ahead and look forward to working closer than ever with our local clients and partners,” he said.