Gallagher acquires Canadian broker
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Arthur J. Gallagher & Co. said Monday it has acquired Palmer Atlantic Insurance Ltd., a New Brunswick, Canada-based retail property/casualty broker.
Terms of the deal were not disclosed
Founded in 1976, Palmer Atlantic specializes in the transportation and logistics sector, Gallagher said in a statement. A Gallagher spokeswoman said Palmer Atlantic has about a dozen employees.
Palmer owner, President and CEO Joe Palmer and his associates will continue operating from their current location under Phillip Gaunce, head of Gallagher’s Atlantic Canada retail property/casualty brokerage operations, according to the statement.
Arthur J. Gallagher & Co. is the world’s fourth-largest insurance broker, according to Business Insurance’s latest ranking.
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