Re/insurance broking firm, Arthur J. Gallagher has completed its acquisition of Buffalo, New York-based M&T Insurance Agency, Inc. (MTIA), an indirect subsidiary of M&T Bank Corporation.
Terms of the transaction were not disclosed.
Last month the firm said in a statement that it had signed a definitive agreement to acquire the indirect subsidiary of M&T Bank Corporation.
In connection with the transaction, Gallagher becomes the preferred insurance broking partner of M&T Bank.
MTIA is a retail insurance agency offering an array of property and casualty products, customized group benefits and surety solutions to clients in the Northeast and mid-Atlantic.
Meanwhile, earlier this year it was announced that Arthur J. Gallagher had acquired Evergreen Insurance Managers for an undisclosed amount, as well as G.A, Mavon & Co. and its Mavco Insurance Agency, Inc. subsidiary.
