Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired Wexford, Ireland-based Ornella Underwriting Ltd.
Terms of the transaction were not disclosed.
Ornella is a managing general agent (MGA) providing a diverse range of commercial and personal insurance coverages across Ireland through its network of independent broker partners, with particular expertise in private car, van, home and motor fleet.
The business will become part of Pen Underwriting, and Paul Whelan will continue to lead the team from its current location under the direction of Michael Doyle, head of Pen Underwriting’s operations in Ireland.
“Ornella is a highly regarded firm that will strengthen and expand our underwriting capabilities in Ireland, providing complementary expertise and further growth opportunities,” said J. Patrick Gallagher Jr., chairman and CEO. “I am pleased to welcome Paul and his associates to our growing, global team.”
Rolling Meadows, Illinois-based Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm. The company provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
Topics Mergers & Acquisitions Underwriting Insurance Wholesale A.J. Gallagher
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