Arthur J. Gallagher & Co. Acquires Minvielle & Chastanet Insurance Brokers
ITASCA, Ill., Aug. 11, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired certain assets of Minvielle & Chastanet Insurance Brokers located in the eastern Caribbean. Terms of the transaction were not disclosed.
Minvielle & Chastanet Insurance Brokers (MCIB) is a full service insurance broker and risk management firm that provides property, casualty, health, risk management and reinsurance services to its clients throughout the eastern Caribbean. Roddy Clarke and his associates will lead this operation from its current locations in St. Lucia, Barbados, Dominica, St. Vincent and Antigua under the direction of Matthew Pragnell, head of CGM Gallagher Group based in Kingston, Jamaica.
"MCIB is well-regarded within the industry for its quality client service and strong culture. They will provide additional scale to our existing operations and will also expand our presence into Antigua and Dominica," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "MCIB will be a terrific complement to CGM Gallagher Group as we continue to successfully grow our footprint in this region. We are pleased to welcome Roddy and his colleagues to our Gallagher family of professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 30 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
SOURCE Arthur J. Gallagher & Co.