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December 16, 2021

Arthur J. Gallagher continues acquisition spree with Tave RM deal

Arthur J. Gallagher & amp; Co. has bought Chicago-based Tave Risk Management (Tave RM), the latest in the series of acquisitions made by the US-based insurance company.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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The financial terms of the transaction were not disclosed.

Tave RM was founded in 2000 and operates as a retail property/casualty broker and risk advisory firm.

The company’s service portfolio includes a range of risk placement, loss forecasting, risk management cost allocation and risk financing services to large and mid-sized clients across several industry verticals.

As agreed, Tave RM founder Ruth Tave and her associates will continue to operate from their current location under the new ownership. They will report to Gallagher’s Midwest region retail property/casualty brokerage operations head Ryan Isaacs.

Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: “Tave Risk Management brings us a highly specialized team with deep expertise in managing complex, high-profile risks.

“I am delighted to welcome Ruth and her associates to our growing, global company.”

Headquartered in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services firm.

The company has presence in 68 countries.

Recently, it completed the acquisition of Willis Towers Watson’s (WTW) treaty reinsurance brokerage operations.

In October, Arthur J. Gallagher’s subsidiary Risk Placement Services (RPS) acquired Florida-based SeaCoast Underwriters.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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