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Arthur J. Gallagher & Co. said Wednesday it has acquired Oslo, Norway-based Parisco AS.
Terms of the transaction were not disclosed.
Parisco, founded in 2001, is a marine and energy broker serving contractors, offshore service and passenger vessels, and shipping, exploration and production, and renewable energy clients.
The company’s website lists 12 employees. Parisco CEO and Claims Director Dag Magne Torjussen and his team will join Oslo-based Bergvall Marine, Gallagher's existing specialist marine broker in Norway, under the direction of Anders Mjaaland, managing director.
Rolling Meadows, Illinois-based Gallagher is the fourth largest broker of U.S business, according to the most recent Business Insurance ranking.
U.S.-based insurance broker Arthur J. Gallagher & Co. has signed a definitive agreement to acquire U.K.-based Stackhouse Poland Ltd., Business Leader reported. The transaction is subject to regulatory approval and is expected to close in the first quarter. Brokerage Stackhouse Poland has more than 500 employees working at its 23 offices across the United Kingdom.