Gallagher buys crisis & security consultancy AnotherDay
Insurance company Gallagher has acquired UK-based risk management consultancy AnotherDay for an undisclosed sum.
Founded in 2016, it helps businesses to pre-empt and prepare for threats, react to crises and investigate suspected criminal activity using intelligence and technology. Based in London, it employs around 20 staff across risk, investigations and crisis response. Collectively, they support clients in 90 different international markets.
AnotherDay is headed up by Jake Hernandez, who brings a decade of experience in crisis and security consulting, including three years spent at Dubai-based Control Risks prior to co-founding AnotherDay. The company, including Hernandez, will be integrated into Gallagher’s London-based specialty business. Gallagher says it will “provide highly complementary additional risk management and crisis expertise for Gallagher’s growing corporate client base, which is increasingly looking for support in managing an extremely volatile operating environment across political risk and political violence, D&O and criminality, and cyber.”
Two companies that are ‘culturally well aligned’
AnotherDay’s Jake Hernandez says: “We have worked with the team at Gallagher for a number of years now, so we know that culturally our two organisations are well aligned. We are excited to work even more closely to deploy consulting, data and technology to help global clients understand potential threats, respond to crisis and criminality, and to provide analytics to transfer any remaining risk into the insurance market based on an accurate perception of potential loss.
“We’re also looking forward to broadening our advisory to (re)insurance markets in dealing with an increasingly volatile risk environment, and Gallagher provides a great platform and infrastructure for us to do that.”
Jonathan Turner, CEO of Gallagher’s Speciality Division, adds: “The expertise, high standards of client service, vision for growth and entrepreneurial flair within AnotherDay made this transaction a compelling opportunity for us. The business fits very well with our strategy of investing in market-leading niche businesses that build on and broaden our specialist capabilities, and the team provides a strong complement to our existing London-based specialty operations, as many clients are increasingly looking for this type of risk management support. I look forward to working with Jake and the team.”