ROLLING MEADOWS, Ill.,
Sept. 5, 2019 /PRNewswire/
-- Arthur J. Gallagher & Co. today announced the
acquisition of three Brentford, UK-based insurance intermediaries —
Rentguard Limited, Home & Travel Limited and RGA Underwriting
Limited — collectively referred to as RGA Group. Terms of the
transaction were not disclosed.
Founded in 2001, the companies comprising RGA Group specialize
in coverages for private and professional landlords and real estate
portfolio owners, as well as offering wider property owner
insurance coverages to individuals and businesses. Group CEO
James Castell and his associates
will continue to operate from their current location under the
direction of Gareth Birch, head of
Gallagher's UK SME & Personal Lines Division.
"RGA Group's expertise in developing and delivering effective
risk solutions across the property owners' insurance market
broadens our international specialist capabilities," said J.
Patrick Gallagher, Jr., Chairman,
President and CEO. "I'd like to extend a warm welcome to James and
his associates as they join our growing global team."
Michael Rea, CEO of UK Retail for
Gallagher, said: "The complementary product range of RGA Group and
its well-known trading brands will further strengthen Gallagher's
established specialism in niche property owners' insurance,
while extending our UK distribution capabilities to reach even more
customers."
Arthur J. Gallagher & Co.
(NYSE: AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows,
Illinois. The company has operations in 35 countries and
offers client service capabilities in more than 150 countries
around the world through a network of correspondent brokers and
consultants.
Investors: Ray
Iardella
|
Media: Linda J.
Collins
|
VP – Investor
Relations
|
VP – Corporate
Communications
|
630-285-3661/ ray_iardella@ajg.com
|
630-285-4009/ linda_collins@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.