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Gallagher buys Australian risk management firm


U.S.-based Arthur J. Gallagher and Co. has acquired risk management firm P2 Group Australia Pty Ltd. as part of the insurance broker's plans to expand its overseas operations, Nasdaq reported. Gallagher's international operations across Australia, Bermuda, Canada, the Caribbean, New Zealand and the United Kingdom generated 26% of its revenues in the first quarter.

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