Reinsurance News

Arthur J. Gallagher acquires Parisco in Norway

7th April 2021 - Author: Matt Sheehan

International insurance brokerage firm Arthur J. Gallagher & Co. has announced the acquisition of Parisco, a marine and energy broker based in Norway.

handshakeFounded in 2001, Parisco serves contractors, offshore service vessels, exploration and production, shipping, passenger vessels and renewable energy clients.

Following the acquisition, Parisco head Dag Magne Torjussen and his team will join forces with Oslo based Bergvall Marine, Gallagher’s existing specialist marine broker in Norway.

They will operate under the direction of Anders Mjaaland, Managing Director of Bergvall Marine.

“Parisco is a high-quality marine insurance specialist known and respected by our Bergvall colleagues in Norway for 20 years,” said J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher.

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“Their union will deliver outstanding capabilities to our customers across the marine, energy and renewables sectors in Norway,” Gallagher added. “We are delighted to welcome Dag and his team to our growing, global company.”

Arthur J. Gallagher & Co. is a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois.

The company has operations in 49 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

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