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Arthur J. Gallagher (Gallagher), a US-based insurance coverage dealer and danger supervisor, has additional expanded its nationwide presence with the acquisition of Florida-based Specialty Danger Administration Companies and its affiliate, Non-public Shopper Insurance coverage Companies.
The consideration paid for the deal was not divulged.
Specialty Danger Administration Companies specialises in managing a property insurance coverage programme tailor-made for companies in Florida.
Non-public Shopper Insurance coverage Companies focuses on business dangers, condominium associations and private traces.
Elaine Hawkins, Wes Brewer and their staff will proceed to be primarily based at their current location.
They are going to now function underneath the management of Bumpy Triche, who heads Gallagher’s south-east retail property/casualty brokerage operations.
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Gallagher chairman and CEO J Patrick Gallagher Jr. stated: “Specialty Danger Administration Companies and Non-public Shopper Insurance coverage Companies have a tradition much like ours and can deepen our service choices in a key market. I’m delighted to welcome Elaine, Wes and their associates to Gallagher.”
Based mostly in Rolling Meadows, Illinois, Gallagher operates in almost 130 international locations, delivering providers via each owned operations and a community of correspondent brokers and consultants.
The most recent deal continues its latest shopping for spree.
In February 2024, Gallagher purchased Fort Lauderdale, Florida-based John Galt Business Insurance coverage Company, and John Galt Insurance coverage Company, collectively known as the John Galt Insurance coverage Company.
Earlier this yr, the dealer bolstered its community with the acquisition of MGB Re in Canada, in addition to the Rowley Company and Horak Insurance coverage within the US.
MGB Re, primarily based in Toronto, affords reinsurance options to well being upkeep organisations, managing basic underwriters and insurance coverage firms.
The Rowley Company, positioned in New Hampshire, serves each business and private traces shoppers as a retail insurance coverage dealer.
Horak Insurance coverage, primarily based in Washington, Iowa, caters to business and private traces shoppers and likewise supplies insurance policies to farms.
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