Arthur J. Gallagher buys St. Lucia broker Minvielle & Chastanet
Posted On: Aug. 11, 2014 12:00 AM CST
Arthur J. Gallagher & Co. has acquired certain assets of St. Lucia-based Minvielle & Chastanet Insurance Brokers Ltd., Gallagher said Monday.
Terms of the transaction were not disclosed.
MCIB is a full-service insurance broker and risk management firm that provides property/casualty, health, risk management and reinsurance services to its clients throughout the eastern Caribbean, including locations in St. Lucia, Barbados, Dominica, St. Vincent and Antigua under the direction of Matthew Pragnell, head of CGM Gallagher Group based in Kingston, Jamaica, said Gallagher in a statement announcing the acquisition.
“MCIB is well-regarded within the industry for its quality client service and strong culture,” said Gallagher Chairman, President and CEO J. Patrick Gallagher Jr. in the statement. “They will provide additional scale to our existing operations and will also expand our presence into Antigua and Dominica.”
Arthur J. Gallagher is the world's fourth-largest insurance broker, according to Business Insurance's latest ranking.