Gallagher acquires risk management specialist AnotherDay

Gallagher has acquired crisis and risk management consultancy AnotherDay. Founded in 2016, the UK-based firm aims to help organisations pre-empt and prepare for complex threats, react to crises and investigate criminality through the use of intelligence and technology.

It employs around 20 risk, investigations and crisis response specialists and has supported clients across 90 countries globally. The firm is headed up by Jake Hernandez who will continue to run the business, and the existing team will continue to operate independently under the AnotherDay brand.

The team will become part of Gallagher’s London-based speciality operations and Hernandez will report to Justin Priestley, executive director of crisis management. AnotherDay will provide additional risk management and crisis expertise for Gallagher’s corporate client base, which Gallagher says is increasingly looking for support in managing an extremely volatile operating environment across political risk/political violence, D&O and criminality, and cyber.

Hernandez said: “We have worked with the team at Gallagher for a number of years now, so we know that culturally our two organisations are well aligned. We are excited to work even more closely to deploy consulting, data and technology to help global clients understand potential threats, respond to crisis and criminality, and to provide analytics to transfer any remaining risk into the insurance market based on an accurate perception of potential loss. We’re also looking forward to broadening our advisory to (re)insurance markets in dealing with an increasingly volatile risk environment, and Gallagher provides a great platform and infrastructure for us to do that.”

Jonathan Turner, CEO of Gallagher’s speciality division, added: “The expertise, high standards of client service, vision for growth and entrepreneurial flair within AnotherDay made this transaction a compelling opportunity for us. The business fits very well with our strategy of investing in market-leading niche businesses that build on and broaden our specialist capabilities, and the team provides a strong complement to our existing London-based specialty operations, as many clients are increasingly looking for this type of risk management support.”

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