Arthur J Gallagher boosts Scandinavian presence with broker acquisition

Footprint expanded with move for property and casualty insurance broker

Arthur J Gallagher boosts Scandinavian presence with broker acquisition

Insurance News

By Paul Lucas

Arthur J. Gallagher is renowned for its strategic acquisitions and now it appears that the brokerage giant has set its sights on the Scandinavian market following the acquisition of a Swedish broker.

Property and casualty insurer Nordic Försäkring, based in Gothenburg, Sweden, has become the firm’s latest acquisition with Gallagher outlining that Scandinavia is a “core area of strategic development.” This latest move comes on the back of its 2013 deal for marine and energy broker Bergvall Marine AS, based in Norway, as well as last year’s acquisition of trade credit, political risk and construction specialist Brim AB, based in Stockholm.

“It’s fantastic to be able to welcome the Nordic team into Gallagher — a team already well-known to our colleagues within Brim thanks to their reputation for professionalism and expertise across the Swedish market,” said Anders Mjaaland, head of Arthur J Gallagher’s Scandinavian operations. “With their complementary strengths and sector specialisms, backed by the global power of Gallagher, our combined operations in Sweden create a compelling proposition to clients looking for a best-in-class broker to devise programmes of tailored risk management and insurance solutions.”

Nordic was established back in 1991 and is also an affinity specialist working with professional groups and trade associations.

“Having built a successful and family-owned broking firm over the past 25 years, we were looking for a global partner to help take the business to the next level for the benefit of our clients,” said Nordic CEO Jonas Bergfeldt. “Gallagher demonstrates not only a shared entrepreneurial culture but a commitment to the Scandinavian market. Its appreciation for on-the-ground expertise, to ensure customers continue to receive the right blend of local service while taking advantage of Gallagher’s global reach and influence, makes them the right partner for us.”

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