Arthur J. Gallagher & Co. Acquires Majority Stake in Brokers' House
08/12/2021 - 03:00 AM
ROLLING MEADOWS, Ill. , Aug. 12, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that it has purchased a majority stake in Turkish specialty broker Brokers' House (BH Sigorta ve Reasürans Brokerligi A.S.). Terms of the transaction were not disclosed.
Based in Istanbul , Brokers' House is a commercial insurance and facultative reinsurance broker offering clients a broad range of commercial and specialty coverages, including property, financial lines, energy, engineering and marine cargo. Brokers' House has been a Gallagher Global Network partner since 2014. The current leadership team of Gündüz Tezel and Levent Özbilen will remain with the business.
"This is a unique opportunity for Gallagher to directly enter the Turkish specialty broking market with a team that is already well known to us," said J. Patrick Gallagher, Jr. , Chairman, President and CEO. "We look forward to working more closely with Gündüz, Levent and their colleagues to expand their client product and service offerings."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 57 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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SOURCE Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co.
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Insurance Agencies and Brokerages
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About AJG
gallagher, a global insurance brokerage and risk management services firm, helps clients address risk, protect assets and recover from losses. the products and services we provide keep businesses and institutions running, and enable individuals and families to rebuild their lives. gallagher is the only insurance broker recognized by the ethisphere institute as a world's most ethical company. gallagher provides retail and wholesale property and casualty brokerage, alternative risk transfer services, employee benefit consulting, and actuarial services. gallagher also offers claims and information management, risk control consulting and appraisal services, human resource consulting, and retirement services. find us on social media: facebook: http://www.facebook.com/lifeatgallagher instagram: http://instagram.com/lifeatgallagher twitter: https://twitter.com/lifeatgallagher or http://twitter.com/ajgcorporate