From Investing.com:

Arthur J. Gallagher & Co. has acquired Köberich Financial Lines, a Cologne-based insurance broker, as part of their strategic expansion in Europe. Harald Köberich and his team will join Gallagher under the leadership of Alex Nagler. The terms of the transaction have not been disclosed to the public.

J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co., stated that Köberich’s expertise in financial lines will complement Gallagher’s existing services and represents an excellent strategic fit for their European expansion efforts.

Headquartered in Rolling Meadows, Illinois, Arthur J. Gallagher & Co. operates in approximately 130 countries worldwide. The firm provides insurance brokerage, risk management, and consulting services globally through its owned operations and a network of correspondent brokers and consultants. The information regarding this acquisition is based on a press release statement from Arthur J. Gallagher & Co.



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