Author: Alistair Dornan
Who is Buck?
Buck is an integrated HR, pensions, and employee benefits consulting, technology, and administration services firm. The organisation was founded over a century ago as an actuarial consultancy and has evolved to serve clients across the health, wealth and career spectrum. With over 2,300 employees, including over 220 credentialed actuaries, Buck primarily serves customers throughout the US, Canada and the UK. Its team will work under William F Ziebell, head of Gallagher’s employee benefits consulting and brokerage operations.
How will the acquisition benefit clients?
Gallagher and Buck share similar cultures focused on outstanding client service, employee engagement and innovation.
The deal will offer new opportunities to help clients within retirement, benefits & HR consulting, administration, and technology and enhance Gallagher’s broad suite of professional services, including defined benefits consulting, plan administration, defined contribution and executive benefit consulting, investment consulting, benefits strategy, compliance, employee engagement consulting and total rewards optimisation.
The acquisition will add further expertise to the employee benefits management team, and clients will have access to "Delta+" a leading, proprietary software platform for benefits administration and employee engagement.
When the deal’s closure was announced, J. Patrick Gallagher, Jr., Chairman, President and CEO said that the provision of a comprehensive suite of products and services that allows employers to attract, engage and retain talent is at the heart of Gallagher Benefit Services' mission and the global Gallagher Better Works value proposition.
He added that the complementary strengths of Buck's defined benefit offerings, investment consulting, digital employee engagement platform and international footprint would broaden, deepen and enhance Gallagher’s client offerings.
Please get in contact if you would like to discuss how Gallagher could support your employee benefits programme.