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Arthur J. Gallagher acquires Capsicum Re

Arthur J. Gallagher & Co. on Jan. 1 increased its interest in Capsicum Reinsurance Brokers LLP from 33% to 100%.

Terms of the transaction were not disclosed.

Capsicum Re CEO Rupert Swallow will continue to lead the company and will report to Simon Matson, CEO of Gallagher's U.K. broking and underwriting division. Also, Grahame Chilton re-joined Gallagher in a new leadership role within the company's global property and casualty broking business.