Insurance coverage brokerage firm Arthur J Gallagher & Co has expanded its presence within the US with the acquisition of The Rowley Company.
Primarily based 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 industrial and private strains purchasers, primarily throughout the New Hampshire, Maine, Vermont, and Massachusetts areas within the US.
The most recent transaction will enable Arthur J Gallagher & Co to bolster its portfolio throughout all of the 4 key markets within the northeastern US.
Moreover, this acquisition is not going to influence the senior management and workers of The Rowley Company’s and its present CEO Dan Church, president Gary Stevens, together with their staff, will proceed to function from their present location.
Church, Gary and the staff will now work underneath 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 international footprint, providing companies in roughly 130 nations by way of its owned operations and a community of correspondent brokers and consultants.
The most recent acquisition announcement comes shortly after Arthur J Gallagher revealed that its reinsurance division, Gallagher Re, acquired Canada-based firm MGB.
Via MGB’s acquisition, Gallagher Re goals to boost its reinsurance choices, significantly for the medical sector.
