Gallagher acquires Brazilian brokerage

Arthur J. Gallagher & Co. said Wednesday it has acquired São Paulo-based retail brokerage Interbrok Group.

Terms of the transaction were not disclosed.

Founded in 1976, Interbrok Group has about 100 employees and provides commercial and personal lines coverages and services to clients throughout Brazil.

Angeles de Magalhães, Anselmo do Ó de Almeida, José Roberto Borelli, Luis Arthur A. David, Anthony Wyles, Edson Hirazaki and staff will remain in their current location under the direction of Rodrigo Protasio, CEO of Gallagher's retail insurance brokerage operations in Brazil, and Luiz Araripe, country manager.