US-based insurance coverage brokerage Arthur J. Gallagher has continued its nationwide development trajectory with the acquisition of Afina Insurance coverage Advisors.
Monetary particulars concerning the deal weren’t revealed.
Based mostly in Oakbrook Terrace, Illinois, Afina Insurance coverage is a property/casualty insurance coverage dealer. It’s identified for its providers within the higher Chicago space.
The firm will proceed to serve its purchasers from its present location.
Arthur J. Gallagher chairman and CEO J. Patrick Gallagher, Jr. stated: “Afina Insurance coverage is a extremely regarded company whose area of interest experience enhances our present retail brokerage capabilities within the Chicago space. I’m delighted to welcome George and his associates to Gallagher.”
The Afina workforce, led by founder and CEO George Van Denend, will now work below the steerage of Gallagher’s Midwest area retail property/casualty brokerage operations head Ryan Isaacs.
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Based mostly in Rolling Meadows, Illinois, Arthur J. Gallagher gives brokerage, danger administration, and consulting providers in practically 130 nations worldwide.
The corporate utilises its owned operations together with a community of correspondent brokers and consultants to supply these providers.
The Afina deal follows Arthur J. Gallagher’s acquisition of Sheila J. Butler & Firm (SJB), primarily based in Carrollton, Georgia.
SJB caters to teams of various sizes in western Georgia, together with the higher Atlanta space.
Earlier this month, Arthur J. Gallagher additionally signed a $13.45bn deal to purchase US insurance coverage dealer AssuredPartners, which gives providers in industrial property and casualty, worker advantages, private traces, in addition to specialty traces.
