Arthur J. Gallagher & Co. announced it has completed its 30% minority investment in Middle East & North Africa (MENA) specialist insurance broker ACE.
Financial details of the deal, which was first announced in April, were not disclosed.
Under the strategic partnership between Gallagher and ACE’s parent company MIG Holding Ltd. (MIG Group), MIG will retain a 70% interest in the ACE entities. MIG is a leading insurance investment group in the MENA region.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 68 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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