Arthur J. Gallagher & Co. Acquires Heritage Insurance Management Limited
ITASCA, Ill., May 21, 2014 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Heritage Insurance Management Limited (Heritage) based in St Peter Port, Guernsey. Terms of the transaction were not disclosed.
Established in 1993, Heritage is a leading captive management company specializing in the formation and management of insurance and alternative risk solutions for their global clients primarily outside North America. Nicholas Heys and his associates will continue to operate from their Guernsey, Malta, Gibraltar and London locations under the direction of David McManus, head of Artex Risk Solutions, Gallagher's Bermuda-based captive management and alternative risk programs operation.
"Heritage is widely recognized as a premier provider of captive insurance management services in Europe," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "Their extensive industry experience, global focus and strong international relationships will be a wonderful complement to Artex Risk Solutions as it continues to expand its operating presence outside North America. We are extremely pleased to welcome Nick and his team to our growing family of risk management professionals."
Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 27 countries and offers client service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.
Contact: Marsha J. Akin -Investor Relations
(630) 285-3501 / [email protected]
SOURCE Arthur J. Gallagher & Co.
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