Arthur J. Gallagher Acquires Ireland-Based Allied Risk Management To Boost Actuarial Capabilities

  • Arthur J. Gallagher & Co.'s AJG subsidiary Artex Risk Solutions has acquired Ireland-based Allied Risk ManagementDeal terms were not disclosed.
  • Based in Dublin, Allied Risk provides insurance, reinsurance management, and actuarial services to clients globally.
  • "Allied Risk is a highly respected company that will enhance Artex's insurance management and actuarial capabilities," said J. Patrick Gallagher, Jr., Chairman, President, and CEO.
  • On May 15, the company acquired Western Australia-based Mavco Insurance Group and Texas-based RHP General Agency.
  • Also Read: Arthur J. Gallagher Acquires UK-Based Tay River For Undisclosed Terms
  • Following the latest acquisition, Allied Risk Management's Frank Coyle and his team will remain in their current location under the direction of Paul Eaton, head of Artex International.
  • Price Action: AJG shares closed lower by 0.38% at $217.01 on Tuesday.

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