Arthur J. Gallagher Acquires Ornella Underwriting
Arthur J. Gallagher (AJG:NYSE) announced the acquisition of Ornella Underwriting, a managing general agent based in Wexford, Ireland. The deal was facilitated through AJG's specialist underwriting subsidiary, Pen Underwriting. Terms of the transaction were not disclosed by either party. Ornella offers a wide range of commercial and personal insurance coverages. This acquisition is expected to expand Arthur J. Gallagher’s capabilities within its underwriting operations in Ireland and potentially enhance its market presence across Europe.
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Topics: acquisition insurance underwriting