Gallagher has announced its acquisition of Bircroft Insurance, a London-based commercial insurance brokerage firm. This strategic move aims to enhance Gallagher’s real estate services, which cater to UK property owners, investors, managing agents, resident managing companies, and property developers.
Bircroft has built a strong reputation for providing specialized insurance solutions to the real estate sector on both a wholesale and retail basis. Additionally, the firm offers tailored support to private clients seeking to protect their homes and valuables. Established over 15 years ago as part of the Dawnay Day Group, Bircroft has consistently delivered expertise in property insurance.
Currently, Bircroft operates with a team of 10 professionals, led by Ian Lee and Simon Bird. Under the new ownership, both leaders and their team will remain in their roles, integrating into Gallagher’s real estate practice within its UK & Ireland Retail division, overseen by regional managing director Jon Phillips.
The leadership teams from both firms have expressed enthusiasm for the acquisition. Lee emphasized the strategic alignment between the companies, stating, “Joining Gallagher is a fantastic opportunity for our business, colleagues, and clients. Our shared expertise in the real estate sector makes this a natural fit.”
This acquisition follows Gallagher’s recent high-profile deals, including the purchase of Woodruff Sawyer, a San Francisco-based insurance brokerage firm, for $1.2 billion (approximately £0.93 billion) last month. This move further solidifies Gallagher’s ambition to expand its footprint in the property insurance sector.
In addition, at the close of last year, Gallagher announced its acquisition of AssuredPartners, a leading middle-market insurance brokerage firm. These strategic acquisitions underline Gallagher’s commitment to strengthening its capabilities and market position in the real estate insurance sector.
