Arthur J Gallagher, an Illinois-based insurance brokerage and risk management services firm, has acquired New Jersey-based McIntyre Risk Management, as part of its ongoing strategy to expand its footprint in the region.
Financial terms of the transaction have not been disclosed.
Founded in 2002, McIntyre Risk Management (McIntyre) operates a retail insurance broker and delivers retail commercial property/casualty and risk management insurance products and services for their upper middle-market US and international clients.
Apart from this, the acquired entity also provides with insurance support services including risk control strategies, contract reviews, claims management, loss control and modification modeling.
As per the agreement, Anthony McIntyre and his colleagues will continue to operate in their current location under the direction of Douglas Brown, head of Gallagher’s northeast retail property/casualty brokerage operations.
Arthur J Gallagher chairman, president and CEO J. Patrick Gallagher, Jr., said that McIntyre has a team-based culture that is highly regarded for its strong focus on quality client service.
"Their extensive experience in commercial lines coverage and their team-based sales environment will be great complements to our Northeast region.
"The addition of the McIntyre team will also strengthen our footprint in the Philadelphia area," Gallagher, Jr., added.
Most recently, the company acquired Texas-based insurance broker Barmore Insurance Agency.
Arthur J Gallagher & Co operates in 24 nations and offers client-service capabilities in more than 140 countries globally, leveraging a network of correspondent brokers and consultants.