Global insurance broker Arthur J. Gallagher & Co. has acquired Markham, Ontario-based Excess Underwriting Co., a property/casualty managing general agency (MGA) and Lloyd’s broker serving insurance brokers and their clients across Canada.
Terms of the transaction were not disclosed.
Excess Underwriting, founded in 2008, specializes in commercial and residential property and liability, and errors & omissions coverages.
CEO and President George Longo and his team will continue to operate from their current location under the direction of David Partington, CEO of Gallagher’s Canadian retail property/casualty brokerage operations. Longo acquired Excess Underwriting in 2016.
J. Patrick Gallagher, Jr., Gallagher chairman and CEO, said Excess Underwriting brings Gallagher a multiline underwriting platform that enables Gallagher to introduce new products and capacity to the Canadian marketplace.
Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois. The company has operations in 56 countries.
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