Arthur J. Gallagher & Co. Acquires UK Broker Erimus Group Ltd.

Arthur J. Gallagher & Co. announced the acquisition of Erimus Group Ltd. in the UK.

Terms of the transaction were not disclosed.

Founded in 1986 and based in Teesside, England, Erimus is an established retail insurance broker with a strong presence in the North East of England, serving a mainly regional commercial client base. Product offerings include commercial combined, business interruption, commercial property, cyber, D&O and employers liability insurance.

The firm, which is headed up by Paul Davison, will become part of Gallagher’s UK Retail division, which serves local and national businesses across the UK. Davison will report to Elliot Miller, regional managing director of Scotland, Northern Ireland and the North East.

“We are delighted to welcome the Erimus team to Gallagher. This business is a great fit with our UK retail operations and provides us with a fantastic opportunity to expand our regional presence in England,” said J. Patrick Gallagher Jr., chairman, president and CEO. “We look forward to working with Paul and his colleagues to expand their service offerings.”

Headquartered in Rolling Meadows, Ill., Arthur J. Gallagher & Co. Gallagher provides insurance brokerage, risk management and consulting services in 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.