Arthur J. Gallagher announced the acquisition of UK-based Property & Commercial Limited from Barbon Insurance Group. Terms of the transaction were not disclosed.
“This insurance business provides retail and wholesale insurance products and services as well as affinity business and includes a managing general agent (MGA), said the announcement. “Operating as Deacon; Keelan Westall; Cadogan Keelan Westall; Farr Insurance and Zennor Ltd, they all specialize in real estate insurance coverage for their U.K. clients.
“Their colleagues will continue to operate from their current locations and will report through Arthur J. Gallagher International, Gallagher’s U.K.-based insurance broker, or OIM Underwriting, Gallagher’s London-based MGA.”
J. Patrick Gallagher, Jr., Chairman, President and CEO, commented: “This transaction is a continuation of our acquisition strategy to further enhance our presence and add depth to our U.K. distribution platform. These highly experienced teams bring us strong expertise and will be an excellent complement to existing networks within our international and MGA operations. We’re extremely pleased to welcome these associates to our growing Gallagher family of professionals.”
Source: Arthur J. Gallagher & Co.
Topics Mergers & Acquisitions Commercial Lines Insurance Wholesale Property A.J. Gallagher
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