Arthur J. Gallagher International acquires team from Oxygen Holdings

LONDON—Arthur J. Gallagher International, the international arm of Itasca, Ill.-based Arthur J. Gallagher & Co., has acquired a team of 21 staff from London-based brokerage Oxygen Holdings P.L.C.

Terms of the deal were not disclosed.

The staff specializes in sectors such as construction, power and mining, professional indemnity, management risks and binders and facilities business, Gallagher said in a statement Friday.

“This agreement represents the culmination of lengthy discussions and builds on the already excellent trading relationship originated by the sale to Gallagher of Oxygen's underwriting business in September 2008,” David Ross, London-based CEO of Gallagher International, said in the statement.