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Gallagher acquires New Zealand brokerage

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Arthur J. Gallagher & Co. has acquired Reid Manson Ltd., an insurance brokerage in Timaru, New Zealand, a Gallagher statement said.

David Reid, Reid Manson’s founder and managing director, and his associates will continue to operate from their current locations in Timaru and Ashburton, New Zealand, under the direction of Carl O’Shea, CEO of Crombie Lockwood (NZ) Ltd., an Arthur J. Gallagher company, according to Monday’s statement.

Reid Manson provides commercial, rural, property and personal lines insurance services to middle-market and individual clients throughout South and Mid-Canterbury. Arthur J. Gallagher & Co. is an international insurance brokerage and risk management services firm and was ranked fourth in Business Insurance’s latest listing of the world’s largest brokers.

Terms of the transaction were not disclosed.