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 firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV