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Arthur J. Gallagher buys UK insurance broker

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U.S.-based insurance broker Arthur J. Gallagher & Co. has acquired U.K.-based Portmore Insurance Brokers Ltd., Insider Media reported. Michael Rea, chief executive of U.K. retail for Gallagher, said that the acquisition will help the broker to expand its operations on the South Coast. Portmore offers commercial insurance brokerage services to businesses in the Southampton region.

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