Global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has announced the acquisition of Lifesure Group Limited, a UK-based personal lines insurance broking service. Terms of the transaction were not disclosed.
Lifesure works predominantly in the vacation/holiday and leisure industry, with products including park home, motorhome, caravan and leisure home insurance.
As part of the transaction, Gallagher will also acquire Lifesure’s affiliated company Barnes Commercial, an insurance broker serving small-to-medium businesses.
Paul Reid and his team will become part of Gallagher’s UK & Ireland Retail division.
J. Patrick Gallagher, Jr., Chairman, President and CEO, commented, “Lifesure has an excellent reputation for client relationships and will enhance our UK retail capabilities in the niche personal lines space.
“I am delighted to welcome Paul and his colleagues to Gallagher.”
In related news, Arthur J. Gallagher recently acquired Costa Mesa, California-based Wigmore Insurance Agency, Inc, as well as Sioux Falls, South Dakota-based Hagan Insurance Group.
