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Gallagher expands presence in Sweden


Arthur J. Gallagher & Co. on Monday said it has acquired Sweden-based specialist insurance brokerage Proinova AB, in a move strengthening its presence in Scandinavia.

Terms of the transaction were not disclosed.

Founded in 1989, Proinova provides group coverage for the real estate sector, including insurance, loss prevention training and claims advocacy services for trade association members, Gallagher said in a statement.

The brokerage, which has four offices across Sweden, also serves policyholders in related areas, including municipalities, hotels and conferences, business property and individual real estate owners, Gallagher said.

Proinova founder and CEO Sten Eriksson and his associates will continue to operate from their current location reporting to Anders Mjaaland, head of Gallagher’s Scandinavian operations, the brokerage said.

“Proinova is a strong, family run business that extends Gallagher's geographic presence into the southern region of Sweden, and expands our capabilities and product offering to clients across Scandinavia,” J. Patrick Gallagher Jr., chairman, president and CEO, said in the statement.




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