US-based Arthur J Gallagher is persevering with its acquisition spree with the acquisition of Rosenzweig Insurance coverage Company for an undisclosed sum.
Based mostly in New York, the acquired firm is a full-service insurance coverage middleman, with experience within the pharmacy sector.
Rosenzweig Insurance coverage Company serves a variety of purchasers throughout the US, together with people and small and medium-sized enterprises.
As per the deal, president Larry Rosenzweig, vice-president Lynn Rosenzweig Derby, and the remainder of the Rosenzweig Insurance coverage Company workforce will proceed to function from their current location as a part of Gallagher Company Alliance.
Launched not too long ago, Gallagher Company Alliance is a merger and acquisition mannequin centered on businesses engaged in providing worker advantages and property/casualty insurance coverage for small companies.
Rosenzweig Insurance coverage Company’s workforce will function below Gallagher’s world small enterprise follow managing director Jen Tadin.
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Arthur J Gallagher chairman, president and CEO J Patrick Gallagher, Jr stated: “Rosenzweig Insurance coverage Company has a protracted historical past of client-focused service and can improve our capabilities within the small enterprise area. I’m delighted to welcome Larry, Lynn and their associates to Gallagher.”
Final week, Gallagher, which presents insurance coverage broking, danger administration and consulting companies, acquired two insurance coverage brokers, particularly Clements Worldwide and Meadowbrook Insurance coverage Company.
Clements presents services to navy personnel, diplomats, and overseas nationals along with enterprise options for contractors, non-profit organisations, embassies, and academic establishments.
Clements has places of work in Washington, London, Dublin, Gibraltar and Dubai.
Retail insurance coverage dealer Meadowbrook Insurance coverage Company serves purchasers in Michigan and Florida with a variety of property/casualty and group advantages companies.
Final month, Gallagher reached an settlement to accumulate Jap Financial institution subsidiary Jap Insurance coverage Group for $510m.