Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-headquartered broker, announced the acquisition of three UK insurance intermediaries – Rentguard Ltd., Home & Travel Ltd. and RGA Underwriting Ltd. – collectively referred to as RGA Group.
Terms of the transaction were not disclosed.
Founded in 2001, the companies comprising Brentford, England-based RGA Group specialize in coverages for private and professional landlords and real estate portfolio owners, as well as offering wider property owner insurance to individuals and businesses.
Group CEO James Castell and his associates will continue to operate from their current location under the direction of Gareth Birch, head of Gallagher’s UK SME & Personal Lines Division.
“RGA Group’s expertise in developing and delivering effective risk solutions across the property owners’ insurance market broadens our international specialist capabilities,” said J. Patrick Gallagher, Jr., chairman, president and CEO. “I’d like to extend a warm welcome to James and his associates as they join our growing global team.”
“The complementary product range of RGA Group and its well-known trading brands will further strengthen Gallagher’s established specialism in niche property owners’ insurance, while extending our UK distribution capabilities to reach even more customers,” commented Michael Rea, CEO of UK Retail for Gallagher. , which is headquartered in Rolling Meadows, Illinois. The company has operations in 35 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
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