Global insurance brokerage Arthur J. Gallagher has won a tender to provide its broking services to the University of Manchester on an exclusive basis.
The broker has secured an eight-year contract, which began on November 01, 2016, following a recent public procurement exercise by the university.
Under the partnership, Gallagher will deliver local client support and claims handling from its team based on New Bailey Street, Manchester, combined with the specialist resources and expertise of its UK public sector & education practice.
The appointment comes hot on the heels of US-based Gallagher’s three-year insurance partnership with the University of Glasgow, announced last month.
“We are delighted that our ability to clearly demonstrate our understanding of the University of Manchester’s diverse risk exposures, as well as our capabilities in designing and structuring an insurance programme to effectively mitigate these, has resulted in such a long-term exclusive appointment,” Tim Devine, managing director of Gallagher’s UK public sector & education practice, said in a release.
The university, which dates back to 1824, is both a seat of learning and research as well as a very large business in its own right, Devine said.
With more than 12,000 employees and a billion-pound income, the university has a “complex and unique risk profile,” he added.
“Alongside our colleagues in Manchester and wide range of in-house sector specialists — whose expertise we can pull in as client needs demand — we very much look forward to working with the university over the years to come, where our role will be to facilitate its further growth and success.”
The UOM is the UK’s largest single-site university with over 38,000 students and an annual income of £1.01 billion.
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