[ad_1]
Arthur J Gallagher’s reinsurance division, Gallagher Re, has purchased Toronto-based firm MGB, bolstering its reinsurance options for the medical sector.
Monetary particulars of the deal weren’t revealed.
MGB affords reinsurance options to well being upkeep organisations (HMOs), managing normal underwriters (MGUs) and insurance coverage firms.
The management workforce at MGB, comprising Andrew Barth, Jacqueline Greer and Thomas McGrath, will now work underneath Gallagher Re North America Japanese area supervisor Jim Fallon and Life, Accident and Well being phase chief Rob Quick.
This continues Arthur J Gallagher’s latest consolidation actions, which embody the acquisition of UK-based MCMM Companies.
MCMM, which gives companies to Training Mutual members, will combine into Gallagher’s training observe.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
useful
choice for your corporation, so we provide a free pattern which you could obtain by
submitting the under kind
By GlobalData
The acquisition spree continued with the addition of insurance coverage dealer Köberich Monetary Traces in Germany, and retail insurance coverage company CBS Insurance coverage in Texas, US.
In November final 12 months, Gallagher additionally finalised the acquisition of Hughes Insurance coverage Company.
The New York-based firm companies purchasers within the north-eastern US with a complete vary of insurance coverage companies, together with business, private, and life and medical insurance.
Arthur J Gallagher chairman and CEO J Patrick Gallagher Jr stated: “MGB’s robust shopper relationships and experience will speed up the expansion of our medical reinsurance enterprise and broaden our service choices.
“I’m very happy to welcome Andrew, Jacqueline and Thomas to our rising, international workforce.”
A world insurance coverage brokerage, threat administration and consulting companies firm, Arthur J Gallagher has expanded its worldwide attain with these latest acquisitions.
Headquartered in Rolling Meadows, Illinois, US, the corporate delivers its companies in practically 130 international locations worldwide, leveraging each owned operations and an intensive community comprising correspondent brokers and consultants.
[ad_2]