Federal regulators are taking a closer look at Arthur J. Gallagher’s planned $13.45 billion acquisition of insurance broker AssuredPartners.

US insurance brokerage Arthur J. Gallagher (Gallagher) has agreed to acquire domestic peer Woodruff Sawyer for $1.2bn. Woodruff Sawyer offers commercial property and casualty (P&C) products, employee benefits solutions and risk management services.

Arthur J. Gallagher said on Tuesday it would acquire rival Woodruff Sawyer in a $1.2 billion deal, marking the insurance broker's latest move to expand its business. The deal will bolster Gallagher's management liability,

Insurance brokerage Arthur J. Gallagher & Co. bought Woodruff Sawyer, a provider of commercial property and casualty insurance products, employee benefits solutions and risk management services, for $1.2 billion, the companies said today.

AJ Gallagher has signed a definitive agreement to acquire Woodruff Sawyer for a consideration of $1.2bn. This publication reported in November that Woodruff Sawyer was exploring a sale of the business, which would see the employee-owned intermediary change hands for the first time in its 100+ year history.

Insurance broker Arthur J. Gallagher said on Tuesday it would acquire rival Woodruff Sawyer in a $1.2 billion deal. San Francisco, California-based Woodruff Sawyer provides property and casualty insurance products,