ROLLING MEADOWS, Ill. - Arthur J. Gallagher & Co., a global insurance brokerage and risk management services firm, has acquired Köberich Financial Lines, a Cologne-based insurance broker specializing in financial lines products. The acquisition, which was announced today, is part of Gallagher's strategic expansion in Europe.
Harald Köberich, along with his team, will join Gallagher and operate under the leadership of Alex Nagler, who heads Gallagher's retail property/casualty brokerage operations in Europe. 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. He expressed his pleasure in welcoming the new associates to the company's global team.
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, 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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.