Gallagher buys specialist crisis and risk management consultancy

Gallagher has today (8 August 2022) bought UK-based specialist crisis and risk management consultancy, Another Day Limited (AnotherDay).

As part of the deal, the AnotherDay team will continue to operate independently under the AnotherDay brand while becoming part of Gallagher’s London-based speciality operations team. 

AnotherDay will provide 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/political violence, directors and officers, criminality and cyber lines.

Co-founder Jake Hernandez, who heads up AnotherDay as chief operating officer, will continue to run the business but will now report to Justin Priestley, Gallagher’s executive director of crisis management.

Jonathan Turner, chief executive of Gallagher’s speciality division, said: “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 Hernandez and the team.”

Culturally well aligned

AnotherDay was founded in 2016 and employs around 20 risk, investigations and crisis response specialists who have provided support in 90 countries around the globe.

It helps organisations pre-empt and prepare for complex threats, react to crises and investigate criminality using intelligence and technology.

Hernandez said: “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 reinsurance markets in dealing with an increasingly volatile risk environment and Gallagher provides a great platform and infrastructure for us to do that.”

Hernandez was previously a senior crisis and security consultant at global specialist risk consultancy Control Risks.