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Arthur J. Gallagher, the international brokerage division of Arthur J. Gallagher & Co. outside of the United States, has acquired Victoria and Vancouver, British Columbia-based retail insurance brokerage Christie-Phoenix (Victoria) Ltd. and its affiliate, Discovery Insurance Services Ltd., the brokerage announced Tuesday.
Terms of the deal were not disclosed.
Christie-Phoenix offers both commercial and personal lines insurance coverages, with a particular strength in realty.
Discovery specializes in personal lines insurance.
Gallagher said the acquisition would build upon its May 2014 acquisition of Noraxis, which gave the brokerage a large retail presence in Canada.
The acquisition of Christie-Phoenix and Discovery will give Gallagher a strong foothold in British Columbia, it said.
“As we continue to build on our existing strength in niche segments for midmarket commercial customers across Canada, strategic expansion into British Columbia was a natural next step — but we needed the right partner,” Ken Keenan, Toronto-based CEO of Gallagher in Canada, said in the statement. “Christie-Phoenix, with its strong local leadership team, great growth prospects and first-class reputation, offered a fantastic fit.”
Arthur J. Gallagher & Co. has acquired Pewaukee, Wisconsin-based employee benefits consulting firm Burkwald & Associates Inc.