Arthur J. Gallagher has agreed to purchase a minority stake in a Czech Republic-based insurance broker.
Gallagher will acquire the stake in Prague-headquartered Renomia a.s. Founded in 1993 by Jirina Nepalova and her sons, Jiri and Pavel, Renomia is the largest independent broker based in the Central and Eastern European (CEE) Region, with more than 1,500 colleagues serving clients under the brand through its franchise partner network. Renomia, which primarily serves commercial clients, has full-scale broking operations in seven countries – the Czech Republic, Slovakia, Romania, Hungary, Serbia, Bulgaria and Croatia – as well as an extensive franchise network in the rest of the CEE region, Gallagher said.
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