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Arthur J. Gallagher & Co. has completed a deal to hire the Pacific Northwest marine business team of Brown & Brown of Washington Inc. and assume the associated marine book of business, Gallagher said Tuesday.
Terms of the transaction were not disclosed.
The team of approximately 20 joins Gallagher immediately, according to an email from a Gallagher spokeswoman.
The brokerage team is led by Graham Gardner and will operate from offices in Seattle and Newport, Oregon, under the direction of Jim Buckley, head of Gallagher’s Northwest region retail property/casualty brokerage operations, Gallagher said in a statement.
“As one of the largest marine brokerage teams in the Northwest, with a strong presence in the London market, this highly specialized team will complement and enhance our existing marine capabilities,” J. Patrick Gallagher Jr., Gallagher’s chairman, president and CEO, said in the statement.
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.