Reinsurance News

Arthur J. Gallagher acquires Mahowald Insurance

14th December 2022 - Author: Jack Willard

Re/insurance broking firm, Arthur J. Gallagher & Co. have acquired St. Cloud, Minnesota-based Mahowald Insurance, LLC.

Arthur J. Gallagher & CoTerms of the transaction were not disclosed.

Founded in 1930, Mahowald is a retail insurance agency that offers commercial and personal products, as well as employee benefit packages and risk management services for clients across the Midwest.

In a press release, it states that Bob Mahowald, Jr., and his team will remain in their current location under the direction of Sean Gallagher, head of Gallagher’s Great Lakes region retail P&C brokerage operations, and Tom Lannen, head of Gallagher’s Midwest region employee benefits consulting operations.

J. Patrick Gallagher, Jr., Chairman, President and CEO, commented: “Mahowald has an outstanding reputation as a fourth-generation broker whose health care market expertise will enhance our capabilities in the region.

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“I am very pleased to welcome Mahowald to Gallagher.”

Arthur J. Gallagher have made a series of acquisitions lately. At the end of November, it was announced that the firm had acquired California-based Bulen & Associates Insurance Services, Inc.

Then, in the middle of November, the firm acquired North Carolina-based PIUS Limited and its affiliate Newlight Capital.

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