Oval acquisition will benefit FLTA members
FLTA’s helpline provider acquired by Arthur J Gallagher
The FLTA would like to inform all members that The Oval Group (Oval) has been acquired by Arthur J. Gallagher & Co, an international insurance brokerage and risk management services firm.
Oval provides the FLTA’s health and safety helpline, a vital service and much used source of up-to-date H&S information for members of the FLTA.
The association would like to reassure members that the sale of Oval will not affect the helpline in any way. Instead, it is likely to be a major new benefit to members.
Peter Harvey, FLTA Chief Executive, said: “We expect this acquisition to strengthen and expand Oval’s reach within the risk management industry.
“The combined operation will now have more than 80 offices and 4,000 employees across the UK, making it one of the top three commercial retail brokers in the country.”
David Ross, CEO of Arthur J. Gallagher International, said: “This key strategic acquisition creates a UK broking powerhouse that can now cover the entire spectrum and scale of client risks from a position of extensive expertise and experience.”
Established in 2003, Oval is an independent commercial insurance broking and financial services business, headquartered in London, with 24 office locations stretching from Aberdeen to Exeter and just over 1,000 employees.
Arthur J. Gallagher announced the acquisition on 1st April for a total net consideration of approximately £199 million payable in cash.