Arthur J. Gallagher Acquires Ornella Underwriting Limited
Arthur J. Gallagher & Co., through its subsidiary Pen Underwriting, has acquired Ornella Underwriting Limited based in Wexford, Ireland. The terms of the acquisition were not disclosed. Ornella is a managing general agent offering commercial and personal insurance coverages across Ireland via independent brokers, with expertise in private car, van, home, and motor fleet coverage. The business will operate under Pen Underwriting's umbrella, led by Paul Whelan who will continue to manage operations from the current location under Michael Doyle. J. Patrick Gallagher Jr., Chairman and CEO of Arthur J. Gallagher & Co., highlighted that Ornella is a respected firm expected to enhance their underwriting capabilities in Ireland. Arthur J. Gallagher operates globally across 130 countries, providing insurance brokerage, risk management, and consulting services through owned operations and correspondent brokers.
Tickers: $AJG
Topics: acquisition insurance underwriting