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Gallagher swoops for risk management consultancy AnotherDay

Gallagher swoops for risk management consultancy AnotherDay | Insurance Business UK

Gallagher swoops for risk management consultancy AnotherDay

Another day, another acquisition. Global brokerage Gallagher has acquired UK-based risk management consultancy Another Day Limited (AnotherDay).

Founded in 2016, AnotherDay helps organisations identify and prepare for complex threats, react to crises, and investigate criminality using intelligence and technology. It has around 20 risk, investigations and crisis response specialists and has supported clients across 90 countries.

As part of the deal, AnotherDay will join Gallagher’s London-based speciality operations to provide highly complementary additional risk management and crisis expertise for the global brokerage’s growing corporate client base as it continues seeking support in managing an extremely volatile operating environment across political risk or violence, directors and officers (D&O), criminality, and cyber.

AnotherDay leader Jake Hernandez will continue running the business while reporting to Gallagher executive director of crisis management Justin Priestley. Meanwhile, AnotherDay’s existing team will continue operating independently under the AnotherDay brand.

Hernandez said AnotherDay has been working with Gallagher for several years, so he knows both organisations’ culture and vision are well aligned.

He added: “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 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 reinsurance markets in dealing with an increasingly volatile risk environment, and Gallagher provides a great platform and infrastructure for us to do that.”

Gallagher specialty division’s Jonathan Turner commented: “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. I look forward to working with Jake and the team.”

The acquisition follows Gallagher’s recent reinforcement of its renewable energy team with a new appointment.