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Insurance coverage brokerage firm Arthur J Gallagher & Co has expanded its presence within the US with the acquisition of The Rowley Company.
Based mostly in Harmony, New Hampshire, the Rowley Company is a retail insurance coverage dealer identified for its property/casualty, surety, in addition to worker advantages product choices.
The corporate, which was established in 1966, caters to each business and private traces shoppers, primarily throughout the New Hampshire, Maine, Vermont, and Massachusetts areas within the US.
The newest transaction will permit Arthur J Gallagher & Co to bolster its portfolio throughout all of the 4 key markets within the northeastern US.
Apart from, this acquisition won’t affect the senior management and workers of The Rowley Company’s and its present CEO Dan Church, president Gary Stevens, together with their group, will proceed to function from their present location.
Church, Gary and the group will now work below the supervision of Gallagher Northeast area retail property/casualty brokerage operations head Brendan Gallagher and East area worker advantages consulting and brokerage operations head John Neumaier.
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Arthur J Gallagher & Co chairman and CEO J Patrick Gallagher Jr mentioned: “The Rowley Company’s experience in niches together with development, manufacturing and healthcare enhances our current capabilities as we proceed to develop our presence in New England. I’m delighted to welcome Dan, Gary and their associates to Gallagher.”
Headquartered in Rolling Meadows, Illinois, Arthur J Gallagher & Co specialises in delivering client-centric, cost-effective, and expertise-driven threat administration options.
Established in 1927, Gallagher has a major world footprint, providing providers in roughly 130 nations by means of its owned operations and a community of correspondent brokers and consultants.
The newest acquisition announcement comes shortly after Arthur J Gallagher revealed that its reinsurance division, Gallagher Re, acquired Canada-based firm MGB.
By way of MGB’s acquisition, Gallagher Re goals to boost its reinsurance choices, significantly for the medical sector.
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