Arthur J. Gallagher has acquired Swiss specialist nice arts insurance coverage dealer AccurART and California-based industrial P&C company Leavitt Insurance coverage Providers.

The worth of the offers was not made public.

Zurich-based AccurART gives cowl for nice arts exhibitions, non-public collections, museums, and galleries.

It additionally covers jewellery, musical devices, and wine collections.

The agency caters to its European prospects by its subsidiary in Vaduz, Liechtenstein. 

AccurART’s group, together with its managing administrators Sandra Aebersold and Frank Häcker, will now be part of Gallagher’s Switzerland operations underneath CEO Stephan Bachmann.

Arthur J. Gallagher chairman, president and CEO J. Patrick Gallagher, Jr. stated: “AccurART bolsters our specialist nice arts presence in Europe, complementing our present expertise on this subject.”

In the meantime, Leavitt gives industrial property/casualty insurance coverage and worker advantages consulting companies.

The enterprise caters to prospects primarily based in Southwest US.

Teri Frankel, Kenneth Blaich and their group will proceed to be primarily based of their present location.

They’ll work underneath the steering of Gallagher’s Southwest area retail property/casualty brokerage operations head Scott Firestone, together with West area worker advantages consulting operations head Charlie Isaacs.

J. Patrick Gallagher, Jr. added: “Leavitt is a extremely regarded company whose tradition aligns with ours, and their experience throughout a wide range of niches will strengthen our capabilities within the area.”

Final month, Arthur J. Gallagher closed the acquisition of the partnership pursuits of BCHR Holdings (Buck), which gives pensions, HR, worker advantages consulting and administration companies.

The $660m deal was introduced in December 2022.

Earlier this 12 months, the Illinois-based insurance coverage dealer purchased Irish retail insurance coverage dealer First Eire Danger Administration, and Texas-based CBS Insurance coverage, amongst others.