Itasca, Ill.-based insurance brokerage Arthur J. Gallagher & Co. said yesterday it had completed the $45 million sale of Gallagher Re to Aon Corporation after finalizing the sale of the United Kingdom division.
The United States portion of the sale of Gallagher Re to Aon was completed on Feb. 22. Gallagher said the United Kingdom transaction was subject to certain conditions that have been met.
Gallagher announced it was putting Gallagher Re up for sale at the end of January. The sale of the unit to Chicago-based insurance brokerage Aon was announced in late February.
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