Reinsurance News

Arthur J. Gallagher & Co. acquires Swedish broker Proinova

14th October 2019 - Author: Matt Sheehan

Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Proinova, an insurance broker based in Helsingborg, Sweden.

Arthur J. Gallagher & CoFounded in 1989, Proinova specialises in group solutions for the real estate sector, offering insurance, loss prevention training and claims advocacy services for trade association members.

It also serves clients in related areas such as municipalities, hotels and conferences, business property and individual real estate owners.

Following the acquisition, Proinova will continue to operate from its current location, led by CEO Sten Eriksson and his associates.

They will operate under the direction of Anders Mjaaland, head of Gallagher’s Scandinavian operations.

“Proinova is a strong, family run business that extends Gallagher’s geographic presence into the southern region of Sweden, and expands our capabilities and product offering to clients across Scandinavia,” said J. Patrick Gallagher, Jr., Chairman, President and CEO at Arthur J. Gallagher.

“I am delighted to welcome Sten and his associates to our growing global team,” he added.

Vyvienne Wade, CEO of Gallagher’s International division, also commented: “Proinova is an impressive business, with high-quality people who focus on culture and clients first and foremost, just as we do at Gallagher.

“Their location in the south of Sweden is an excellent geographic fit with our existing operations, as we look to continue our strategic growth in Scandinavia.”

Headquartered in Rolling Meadows, Illinois, Arthur J. Gallagher currently has operations in 48 countries and offers client service capabilities in more than 150 countries.

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