Arthur J. Gallagher & Co. has strengthened its position in the New Zealand insurance market by acquiring RMA General Limited (RMA) and its related insurance broking businesses.
RMA provides a range of commercial and personal insurance products, as well as tailored life and health solutions, to clients throughout New Zealand.
As part of the acquisition, RMA’s leadership, including Josh Adams, will continue to manage operations under the oversight of Carl O’Shea, who heads Gallagher’s New Zealand retail brokerage division.
According to J. Patrick Gallagher, Jr., chairman and CEO of Arthur J. Gallagher & Co., RMA’s approach to client service reflects Gallagher’s own values, and the deal will enhance the firm’s brokerage capabilities in New Zealand.
"RMA has a client-focused culture like our own and will expand our brokerage capabilities in New Zealand. I am delighted to welcome Josh and his associates to our growing, global team," he said.
The acquisition of RMA marks the latest step in Gallagher’s international growth strategy, which focuses on increasing its service capacity and market reach through targeted acquisitions. This year alone, Gallagher has announced eight acquisitions, including deals with Dyste Williams, Case Group, and Agilis Partners LLC.
Tracxn reported on its website that to date, Gallagher has completed over 300 acquisitions, with an average transaction value of US$3.57 billion. The company’s most active year was 2023, when it acquired 38 businesses, and it has averaged 23 acquisitions per year over the past three years.
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, operates across approximately 130 countries, delivering insurance brokerage, risk management, and consulting services. Through a blend of directly owned operations and a network of affiliated brokers and consultants, the multinational firm maintains a global presence while serving a diverse client base.
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