Gallagher Re buys treaty reinsurance broking operations of WTW India

Gallagher Re, the reinsurance brokerage business of Arthur J. Gallagher & Co., has signed an agreement to acquire Willis Towers Watson India Insurance Brokers Pvt. Ltd’s treaty reinsurance brokerage, Asia Insurance Review reported. The reinsurer intends to create a single treaty reinsurance team that will be led by Vinod Krishnan. The acquisition is expected to add value, while also expanding Gallagher’s range of offerings in India’s reinsurance sector.