Reinsurance News

Gallagher acquires risk management consultancy, AnotherDay

9th August 2022 - Author: Jack Willard

Global insurance and reinsurance brokerage Gallagher has acquired specialist crisis and risk management consultancy, AnotherDay.

Gallagher LogoFounded in 2016, AnotherDay is a UK-based risk management consultancy, helping organisations pre-empt and prepare for complex threats, react to crises and investigate criminality through the use of intelligence and technology.

The firm employs around 20 risk, investigations and crisis response specialists and has also supported  clients across 90 countries globally.

AnotherDay is headed by Jake Hernandez who will continue to run the business, and the existing team will continue to operate independently under the AnotherDay brand.

Through the acquisition, the team will become part of Gallagher’s London-based Speciality operations and Hernandez will report to Justin Priestley, executive director of crisis management.

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Additionally, AnotherDay will provide highly complementary additional risk management and crisis expertise for Gallagher’s growing corporate client base.

Jonathan Turner, CEO of Gallagher’s Speciality Division, commented: “The expertise, high standards of client service, vision for growth and entrepreneurial flair within AnotherDay made this transaction a compelling opportunity for us. The business fits very well with our strategy of investing in market-leading niche businesses that build on and broaden our specialist capabilities, and the team provides a strong complement to our existing London-based Specialty operations, as many clients are increasingly looking for this type of risk management support. I look forward to working with Jake and the team.”

Hernandez, added: “We have worked with the team at Gallagher for a number of years now, so we know that culturally our two organisations are well aligned. We are excited to work even more closely to deploy consulting, data and technology to help global clients understand potential threats, respond to crisis and criminality, and to provide analytics to transfer any remaining risk into the insurance market based on an accurate perception of potential loss.

“We’re also looking forward to broadening our advisory to (re)insurance markets in dealing with an increasingly volatile risk environment, and Gallagher provides a great platform and infrastructure for us to do that.”

This is not the only acquisition the firm has made in recent months. In June it was reported that Gallagher had acquired broker firm Erimus, as well as INNOVU Insurance for an undisclosed amount.

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