Gallagher has announced the acquisition of Finib OY. The terms of the transaction were not disclosed.
Established in 1995, Finib is a retail insurance broker serving more than 10,000 clients in the real estate sector across Finland. The company has approximately 40 employees and is led by founder and chairman Eero Kuusela.
Kuusel and managing director Sirpa Bitter-Helve will continue to lead the existing team under the direction of Jonas Bergfeldt, CEO of Gallagher in the Nordics.
Commenting on the acquisition, Alex Nagler, CEO of Gallagher in Europe, said that Finib is a “perfect match” for the company, with its portfolio of specialisms being “highly complementary” to its businesses in Sweden and Norway. He also said that the acquisition is a “great opportunity” to build Gallagher’s presence in Finland and expand its team and offerings in the region.
“Finib is extremely well respected, having been established over 30 years, and Eero and Sirpa and the wider team have a reputation for providing exceptional service to clients. With their local knowledge, coupled with our global size, scale and risk management and insurance expertise, this positions us well for future growth,” Nagler added.
Earlier this month, Gallagher said it has agreed to acquire San Francisco-based insurance brokerage firm Woodruff Sawyer for $1.2 billion), outbidding WTW and Brown & Brown.
The acquisition expands Gallagher’s presence in the property and casualty sector while strengthening its capabilities in management liability, construction and real estate.
The deal is set to close in the second quarter of 2025, pending regulatory approval. It is also expected to provide expanded offerings for clients while maintaining Woodruff Sawyer’s expertise in niche markets.
If completed successfully, the acquisition will further solidify Gallagher’s role as a leading player in the insurance brokerage sector.
