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Arthur J. Gallagher acquires majority stake in Swiss commercial P&C broker

Arthur J. Gallagher & Co. has acquired a majority interest in Zurich, Switzerland-based Hesse & Partner AG and Hesse Consulting GmbH.

Terms of the transaction were not disclosed.

Hesse is a commercial property/casualty broker and consultant. Guido Hesse, Tanja Jung and their associates will continue to operate from their Zurich location under the direction of Vyvienne Wade, head of Arthur J. Gallagher's overseas division.