Gallagher continues international expansion

Move includes the rebrand of three acquired local businesses

Gallagher continues international expansion

Mergers & Acquisitions

By Kenneth Araullo

International brokerage Gallagher will officially open in Sweden following the integration and rebrand of its three acquired local businesses – Brim, Nordic, and Proinova – starting April 3. With this, Gallagher expands its network comprising more than 130 countries to Sweden and establishes a major foothold in Scandinavia.

Gallagher’s three businesses in Sweden are:

  • Brim, acquired in 2016, is a specialty (re)insurer that provides property and casualty (P&C), credit and political, and affinity insurance products to Scandinavian and international clients
  • Nordic, acquired in 2017, is a broker offering a range of P&C services to both medium and large corporations as well as small business and personal lines to members of affinity groups throughout Sweden
  • Proinova, acquired in 2019, is a real estate solutions broker that offers risk solutions for key trade associations within the country

As part of the integration, the three businesses will come together to see Gallagher having a team of over 65 risk professionals operating across the country, with offices located in Stockholm, Gothenburg, Helsingborg, Växjö and Gislaved.

The newly formed Gallagher Sweden will be led by Jonas Bergfeldt, previous CEO of Nordic. Bergfeldt will continue to report to Gallagher head of Scandinavian operations Anders Mjaaland.

“We are very pleased to reach this key milestone with Gallagher having been an exceptional partner to Brim, Nordic and Proinova since being acquired,” Bergfeldt said in a news release. “The integration and rebranding gives us an enviable springboard for further growth in Sweden, and we now are focused on expanding our services and helping more businesses to understand how Gallagher can support them to protect their assets from a wide array of risks.”

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