Arthur J. Gallagher & Co. Acquires THB Chile

Rhea-AI Summary

Arthur J. Gallagher & Co. (NYSE:AJG) has announced the acquisition of THB Chile, a Santiago-based retail insurance broker. THB Chile specializes in property/casualty, life and health benefits, and reinsurance services across Chile. The THB Chile team will operate under Lionel Soffia, who heads Gallagher's retail insurance and reinsurance brokerage operations in Chile and Latin America.

The acquisition represents a significant expansion of Gallagher's operations in Chile, bringing additional market expertise and a complementary business portfolio. Gallagher, headquartered in Rolling Meadows, Illinois, currently provides insurance brokerage, risk management, and consulting services in approximately 130 countries worldwide.

ROLLING MEADOWS, Ill., Nov. 21, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Santiago, Chile-based THB Chile. Terms of the transaction were not disclosed.

THB Chile is a retail insurance broker providing property/casualty, life and health benefits, and reinsurance services to clients throughout Chile. The THB Chile team will operate under the direction of Lionel Soffia, head of Gallagher's retail insurance and reinsurance brokerage operations in Chile and Latin America.

"THB Chile brings deep market expertise and a complementary book of business, representing a significant expansion of our retail and reinsurance brokerage operations in Chile," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome the THB Chile team to our growing Gallagher family of professionals."

Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.

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

 

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SOURCE Arthur J. Gallagher & Co.

FAQ

What company did Arthur J. Gallagher (AJG) acquire in Chile in November 2024?

Arthur J. Gallagher acquired THB Chile, a Santiago-based retail insurance broker that provides property/casualty, life and health benefits, and reinsurance services throughout Chile.

Who will lead THB Chile's operations after the acquisition by AJG?

The THB Chile team will operate under the direction of Lionel Soffia, who heads Gallagher's retail insurance and reinsurance brokerage operations in Chile and Latin America.

What services does THB Chile offer in the Chilean market?

THB Chile offers property/casualty insurance, life and health benefits, and reinsurance services to clients throughout Chile.

How many countries does Arthur J. Gallagher (AJG) operate in as of 2024?

Arthur J. Gallagher provides insurance brokerage, risk management and consulting services in approximately 130 countries through its owned operations and network of correspondent brokers and consultants.