International insurance brokerage and risk management firm Arthur J. Gallagher & Co has merged its two US reinsurance brokerage subsidiaries, Arthur J. Gallagher Intermediaries Inc in New York and John P. Woods & Co Inc in New Jersey, into Gallagher RE Inc.
The company said that the merger will improve services through streamlining and develop stronger brand awareness. Gallagher RE will be led by Randall Jensen, the current president of Arthur J. Gallagher Intermediaries.
In addition, Gallagher RE has purchased from JLT Re Solutions certain reinsurance brokerage assets in Minnesota and Alabama, which also includes the addition of several reinsurance professionals, thereby expanding Gallagher RE’s presence in the US. Gallagher RE now has US operations in New York, New Jersey, Connecticut, Illinois, Georgia, Pennsylvania, California, Alabama and Minnesota.
We are delighted that both of these transactions have been completed. Having all of our US reinsurance services and brokering capabilities operating under one organization will allow Gallagher RE to better serve the expanding needs of our clients, said J Patrick Gallagher, president and CEO of Arthur J. Gallagher & Co.