Arthur J. Gallagher & Company, a Rolling Meadows, Illinois-based insurance broker, announced the acquisition of Bremen, Germany-based Krose GmbH & Co KG (Krose).
Terms of the transaction were not disclosed.
Founded in 1920, Krose provides commercial insurance and reinsurance solutions for corporate clients throughout Germany and specializes in the design and placement of complex programs.
Cruise’s team of risk professionals from property, casualty, cyber, marine, D&O and alternative risk solutions will become part of Gallagher’s brokerage operations in Europe.
“Cruz is a highly valued firm that brings deep market expertise to complement our existing capabilities as we continue to expand in Germany and throughout Europe,” said J. Patrick Gallagher Jr., chairman and CEO. “I am delighted to welcome the cruise team to Gallagher.”
Arthur J. Gallagher & Co. Provides brokerage, risk management and advisory services in approximately 130 countries worldwide through its proprietary operations and network of affiliated brokers and consultants.
Source: Arthur J. Gallagher & Company
Topics
Mergers and Acquisitions Agencies AJ Gallagher
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