International insurance brokerage firm Arthur J. Gallagher has acquired Seattle-based North Star Insurance Services and Fairhaven, Mass.-based North Star Marine Insurance Services.
North Star Insurance Services was first founded in 2001 and is a full-service marine insurance broker serving clients throughout the US.
Its portfolio covers the majority of the marine industry, including hull, machinery, marine liabilities and cargo for commercial fishing, tugs and barges, shipyards and ocean-going cargo vessels.
In 2014, North Star Marine Insurance Services was established in Fairhaven to address growing customer demand in that region.
John Walsh, Ian Blackburn and their associates will continue operating from their current locations under the direction of Jim Buckley, head of Gallagher’s Northwest region retail property/casualty brokerage operations.
Patrick Gallagher, Jr., Chairman, President and CEO said: “North Star brings us a widely recognised and well-respected team of marine professionals with strong carrier relationships and a client roster that complements our existing marine business. I am delighted to welcome John, Ian and their associates to Gallagher’s growing global team.”
The terms of the transaction were not disclosed.
