Arthur J. Gallagher & Co. has announced that it has acquired Clements Worldwide. Terms of the transaction were not disclosed.
Clements, based in Washington, D.C., is an international insurance broker that serves expats, diplomats and military personnel. The firm also provides commercial insurance products for nonprofits, contractors, embassies and schools.
Clements also has offices in London, Dublin, Gibraltar and Dubai, Gallagher said in a news release.
As part of the transaction, Jon Clements and his team will remain in their current locations. They will report to Bumpy Triche, head of Gallagher’s mid-South retail P&C brokerage operations.
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“Clements enhances our international capabilities with their specialist market expertise and provides significant cross-selling opportunities,” said J. Patrick Gallagher Jr., chairman, president and CEO of Gallagher. “I am very pleased to welcome Jon and his associates to our growing, global team.”
Earlier this month, Gallagher announced the acquisition of The Coverage Pro, an Arizona-based retail broker, as well as Kentucky-headquartered Altman Insurance Services.
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