Gallagher has acquired all of the remaining shares of Swiss insurance broker, Hesse & Partner AG and Hesse Consulting GmbH.

Gallagher acquired 65% of Hesse three years ago, enabling the Swiss broker to meet growing opportunities of market globalisation and give the business wider access to international markets and expertise. The business will rebrand to Gallagher in the coming months.

As part of the transition, Guido Hesse will no longer work on the operational side of the business and will focus on the strategic leadership as Chairman of the Board. Stephan Bachmann will become CEO. Financial details of the transaction were not disclosed.

Vyvienne Wade, chairman of Gallagher Global Broking for Europe, the Middle East, & Asia commented: “Creating a wholly owned on-the-ground Gallagher presence in the strong economy of Switzerland, with its mature and globally significant insurance market, is another exciting development in our current European expansion. The Hesse & Partner team has an excellent reputation for providing innovative solutions for industrial and commercial clients and it is known for its exceptional industry expertise in the increasingly important waste-to-energy sector. We have built a strong rapport with the firm and under the leadership of Stephan, the team will play an important role in our development and growth in Switzerland.”

Swiss insurance broker Hesse, established in 1997 and headquartered in Zurich, provides risk management and insurance solutions for companies in the industrial and service provider sectors.

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