This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Arthur J. Gallagher & Co. Acquires Bergvall Marine

ITASCA, Ill., Dec. 17, 2013 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has acquired Bergvall Marine located in Oslo, Norway.  Its annualized revenues total approximately $5 million.  Other terms of the transaction were not disclosed.

With a history dating back to 1896, Bergvall Marine is a retail insurance broker that provides marine insurance products and risk management insurance services for its international clients.  They specialize in placing coverage for ship owners and managers, offshore contractors, ship yards and finance institutions and offer both the traditional types of coverage and the development of more complex, custom-made solutions. Managing Director, Anders Mjaaland, and his colleagues will continue to operate in their current Oslo location under the direction of Vyvienne Wade, head of Gallagher's London-based international commercial operations.

"Bergvall Marine is well-known in the insurance industry for its depth of marine expertise and dedication to the highest quality client service. It is another great example of how investing in successful niche businesses can help expand our international capabilities," said J. Patrick Gallagher, Chairman, President and CEO.  "Bergvall's emphasis on growth, presence in one of the world's top marine markets, and specialized expertise will be an excellent complement to our international marine and energy operations. We are extremely pleased to welcome Anders and his outstanding team to our growing 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 23 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.

Contact:  Marsha AkinDirector – Investor Relations630-285-3501 and/or marsha_akin@ajg.com

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,216.62 +158.27 0.99%
S&P 500 1,924.43 +10.58 0.55%
NASDAQ 4,672.8630 +36.7580 0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs