ROLLING
MEADOWS, Ill., Jan. 16,
2024 /PRNewswire/ -- Arthur J. Gallagher &
Co. today announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). Terms of
the transaction were not disclosed.
MGB provides reinsurance solutions to health maintenance
organizations (HMOs), managing general underwriters (MGUs) and
insurance companies in the U.S. medical sector. The MGB leadership
team of Andrew Barth, Jacqueline Greer and Thomas McGrath will operate under the direction
of Jim Fallon, Gallagher Re's Eastern Region Manager in
North America and Rob Fast, Life, Accident and Health Segment
Leader in North America.
"MGB's strong client relationships and expertise will accelerate
the growth of our medical reinsurance business and broaden our
service offerings," said J. Patrick
Gallagher, Jr., Chairman and CEO. "I am very pleased to
welcome Andrew, Jacqueline and Thomas to our growing, global
team."
Arthur J. Gallagher & Co.
(NYSE: AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides
these services in approximately 130 countries around the world
through its owned operations and a network of correspondent brokers
and consultants.
Investors: Ray
Iardella, VP - Investor Relations
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Media: Paul Day,
Communications Manager
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630-285-3661/
ray_iardella@ajg.com
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630-285-5946/ paul_day1@ajg.com
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SOURCE Arthur J. Gallagher &
Co.