Arthur J. Gallagher & Co. Acquires Shepard Insurance Group
Arthur J. Gallagher & Co. (NYSE:AJG) has acquired Shepard Insurance Group, a retail insurance broker based in Old Greenwich, Connecticut. Shepard specializes in serving high-net-worth clients in the Northeast US and Florida. Steve Shepard, Kyle Shepard, and their team will continue operations from their current location under Brendan Gallagher's direction, who heads Gallagher's Northeast region retail property/casualty brokerage operations. The financial terms of the acquisition were not disclosed.
Arthur J. Gallagher & Co. (NYSE:AJG) ha acquisito Shepard Insurance Group, un broker di assicurazioni al dettaglio con sede a Old Greenwich, Connecticut. Shepard si specializza nel servire clienti ad alto patrimonio netto nel Nord-est degli Stati Uniti e in Florida. Steve Shepard, Kyle Shepard e il loro team continueranno le operazioni dalla loro attuale sede sotto la direzione di Brendan Gallagher, che guida le operazioni di brokeraggio di proprietà/varie nella regione nord-orientale di Gallagher. I termini finanziari dell'acquisizione non sono stati divulgati.
Arthur J. Gallagher & Co. (NYSE:AJG) ha adquirido Shepard Insurance Group, un corredor de seguros minorista con sede en Old Greenwich, Connecticut. Shepard se especializa en atender a clientes de alto patrimonio en el noreste de EE. UU. y Florida. Steve Shepard, Kyle Shepard y su equipo continuarán operando desde su ubicación actual bajo la dirección de Brendan Gallagher, quien lidera las operaciones de corretaje de propiedades y de diversos en la región noreste de Gallagher. Los términos financieros de la adquisición no fueron divulgados.
아서 J. 갤러거 & 컴퍼니 (NYSE:AJG)가 셰퍼드 보험 그룹을 인수했습니다. 이 소매 보험 중개업체는 코네티컷주 올드 그리니치에 본사를 두고 있습니다. 셰퍼드는 미북동부와 플로리다에서 고소득 고객을 대상으로 서비스를 전문으로 합니다. 스티브 셰퍼드, 카일 셰퍼드와 그들의 팀은 브렌던 갤러거의 지휘 아래 현재 위치에서 운영을 계속할 것입니다. 브렌던 갤러거는 갤러거의 북동부 지역 소매 재산/손해 보험 중개업무를 담당하고 있습니다. 인수의 재무 조건은 공개되지 않았습니다.
Arthur J. Gallagher & Co. (NYSE:AJG) a acquis Shepard Insurance Group, un courtier d'assurances au détail basé à Old Greenwich, Connecticut. Shepard se spécialise dans le service des clients à fort patrimoine net dans le nord-est des États-Unis et en Floride. Steve Shepard, Kyle Shepard et leur équipe continueront leurs opérations depuis leur emplacement actuel sous la direction de Brendan Gallagher, qui dirige les opérations de courtage en biens/risques dans la région nord-est de Gallagher. Les conditions financières de l'acquisition n'ont pas été divulguées.
Arthur J. Gallagher & Co. (NYSE:AJG) hat Shepard Insurance Group übernommen, einen Einzelhandelsversicherungsbroker mit Sitz in Old Greenwich, Connecticut. Shepard hat sich darauf spezialisiert, wohlhabende Kunden im Nordosten der USA und in Florida zu betreuen. Steve Shepard, Kyle Shepard und ihr Team werden die Geschäfte von ihrem aktuellen Standort aus unter der Leitung von Brendan Gallagher weiterhin betreiben, der die Einzelhandels-Immobilien-/Vermögensversicherungsgeschäfte in Gallaghers Nordostregion leitet. Die finanziellen Einzelheiten der Übernahme wurden nicht bekannt gegeben.
- Strategic expansion of high-net-worth client services in the Northeast market
- Retention of experienced Shepard team maintaining operational continuity
- Geographic market expansion in Northeast US and Florida
- None.
Insights
This strategic acquisition strengthens AJG's position in the lucrative high-net-worth insurance market, particularly in the Northeast and Florida regions. The deal aligns with AJG's historical growth strategy of acquiring specialized brokers to expand market reach and service capabilities. While financial terms weren't disclosed, acquisitions targeting high-net-worth clients typically command premium valuations due to their stable revenue streams and affluent client base.
The retention of key leadership (Steve and Kyle Shepard) under Gallagher's regional structure suggests a well-planned integration strategy that should help maintain client relationships and minimize disruption. The high-net-worth insurance segment offers higher margins and cross-selling opportunities, potentially driving incremental revenue growth. This acquisition follows AJG's pattern of strategic bolt-on acquisitions that enhance its market presence while maintaining operational efficiency.
Shepard Insurance Group is a retail insurance broker that specializes in serving high-net-worth clients in the Northeast US and
"Shepard Insurance Group is well regarded for their client service and will expand our high-net-worth offerings in the Northeast," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am delighted to welcome Steve, Kyle and their associates to Gallagher."
Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in
Investors: Ray Iardella, VP - Investor Relations | Media: Paul Day, Communications Manager |
630-285-3661/ ray_iardella@ajg.com | 630-285-5946/ paul_day1@ajg.com |
View original content to download multimedia:https://www.prnewswire.com/news-releases/arthur-j-gallagher--co-acquires-shepard-insurance-group-302315600.html
SOURCE Arthur J. Gallagher & Co.
FAQ
What company did Arthur J. Gallagher (AJG) acquire in November 2024?
What is Shepard Insurance Group's specialization?
Who will oversee Shepard Insurance Group's operations after the AJG acquisition?
Were the financial terms of AJG's Shepard Insurance Group acquisition disclosed?
