Insurance brokerage and risk management services company Arthur J Gallagher (AJG) has purchased Florida-based MGA Insurance Group for an undisclosed amount.
MGA, a national program administrator, was founded in 1989. It delivers affinity and association program products and services for independent insurance and financial service contractors across the US.
AJG expects MGA’s clientele, underwriting expertise, and national presence to give a push to its US affinity operations.
MGA’s management will continue to operate from their existing office and will report to AJG North American affinity operations head Kevin Garvin.
AJG chairman, president and CEO J Patrick Gallagher, Jr., said, "We continue to look for new partners that will add to our specialty products and services capabilities, expand our geographic presence and fit well within our culture, and MGA has all of these qualities."
"They are well-known for their personalized service and share the same entrepreneurial spirit and team-based sales culture as Gallagher."
Earlier this month, AJG purchased Heritage Insurance Management, a captive management firm that specializes in insurance and alternative risk solutions.
Prior to this, AJG acquire majority stake in Canadian insurance broker Noraxis Capital.
Illinois-headquartered AJG operates across 27 countries.
Image: Arthur J Gallagher & Co corporate headquarters in Itasca, Illinois. Photo courtesy of: Arthur J. Gallagher & Co. 1999 -2014.