Arthur J. Gallagher & Co. has acquired Mike Henry Insurance Brokers Limited (MHIB), headquartered in Auckland, New Zealand.
MHIB has annualized revenues of approximately $4.5 million and 30 staff operating from its offices in Auckland and Christchurch, according to the announcement.
Terms of the transaction were not disclosed.
MHIB is an insurance broker and risk management firm for middle-market commercial clients in New Zealand. The firm also specializes in coverage for the transportation and freight, jewelery, travel, marine, hotel and hospitality industries as well as the public sector.
Graham Henry and his associates will continue to operate under the direction of Andrew Godden, head of Gallagher’s Australasia brokerage business, according to the company.
This is Arthur J. Gallagher’s first brokerage presence in New Zealand. The firm, headquartered in Itasca, Illinois, has operations in 25 countries.
Was this article valuable?
Here are more articles you may enjoy.
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive 
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
