Gallagher subsidiary Artex Risk Solutions has snapped up Allied Risk Management in Ireland for an undisclosed sum.
“Allied Risk is a highly respected company that will enhance Artex’s insurance management and actuarial capabilities,” J. Patrick Gallagher, Jr. said in a release. “I am very pleased to welcome Frank and his associates to our growing, global team.”
The Gallagher chair, president, and chief executive was referring to Allied Risk director Frank Coyle, whose team will continue their operations at the company’s premises in Dublin. The deal will see them come under the direction of Artex International head Paul Eaton.
Artex is a captive and alternative risk transfer solutions business, while Allied Risk is a provider of insurance and reinsurance management services and actuarial advice.
Earlier this month, Gallagher acquired Mavco Insurance Group, a general insurance broker and risk management firm based in Australia.
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