US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co (AJG) has acquired New Zealand-based retail insurance broker Reid Manson.
Terms of the deal have not been disclosed.
Based in Timaru, Reid Manson offers commercial, rural, property, and personal lines insurance services to middle-market and individual customers across South and Mid-Canterbury.
The retail insurance broker is specialized in developing programs for commercial, small business, motor, home and contents insurance coverages.
Under the leadership of Gallagher’s company Crombie Lockwood’s CEO Carl O’Shea, Reid Manson’s David Reid and his associates will continue to operate from their current locations in Timaru and Ashburton.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr. said: "Reid Manson is a perfect example of a successful, client-focused team with a culture that will fit well within our Crombie Lockwood operation.
"Their strong client relationships are a tribute to their high-level of quality service, and their depth of experience and specific geographic locations will further complement our solid New Zealand presence."
With operations in about 140 countries, AJG provides client-service capabilities across the globe through a network of correspondent brokers and consultants.
Image: Reid Manson provides commercial, rural, property, and personal lines insurance services. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.