Wesfarmers Ltd News

Arthur J. Gallagher To Buy Wesfarmers’ Insurance Broking Unit

Wesfarmers Ltd. agreed to sell its insurance broking units to Arthur J. Gallagher & Co. for A$1.01 billion ($938 million) as the Australian conglomerate exits its insurance business. Wesfarmers expects pretax profit of A$310 million to A$335 million on the …