US-based insurance brokerage and risk management services firm Arthur J. Gallagher & Co. (AJG) has acquired UK's Evolution Underwriting Group.
Terms of the deal have not been disclosed.
Arthur J. Gallagher & Co. chairman, president and CEO J. Patrick Gallagher, Jr., said: "This is a good example of how we continue to find great new acquisition partners that fit well within our UK platform and add to our client capabilities.
"Evolution is well-known for its strong commercial insurance expertise, solid broker relationships, efficient technology-enabled processes and dedication to the highest quality client service."
Under the leadership of Gallagher’s UK MGA operations head Mark Armitage, Evolution’s Paul Upton and his team will continue to operate from the Kent location.
Founded in 2004, Evolution offers commercial insurance products and services for small-to-middle-market sector, as well as to independent retail broker clients.
With operations in around 30 countries, AJG provides client-service capabilities in about 140 countries across the globe through a network of correspondent brokers and consultants.