AJ Gallagher signs joint venture with Chinese broker

Arthur J Gallagher has announced its intention to enter the Chinese
market after the company signed a joint venture agreement with
Jiang Tai Insurance Brokers.
The agreement sees Gallagher take a 24.9 percent share of
ownership and establish a new Shanghai-based operation, subject to
regulatory approval. Other terms of the transaction were not
disclosed.
Expected to launch in the first half of 2015, the new operation,
trading as Jiang Tai Re, will focus on reinsurance and specialty
lines. Jiang