Gallagher Re acquires Beijing-based broker Nongxin
ReutersMay 27, 2025 6:42 AM
By Navneeta Nandan
May 27 - Gallagher Re has acquired Beijing-based Nongxin Insurance Brokerage Company, the reinsurance broker announced on Monday.
Terms and conditions of the deal have not been disclosed.
Jia Lou, chief executive officer of mainland China and Hong Kong at Gallagher Re, said the deal is part of a drive to expand and invest in the Chinese market.
Earlier this year, parent Arthur J Gallagher strengthened its foothold in Asia with the acquisition of all remaining shares in Philippines-based Philpacific Insurance Brokers & Managers.
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