Arthur J. Gallagher & Co. Acquires Palmer Atlantic Insurance Ltd
ROLLING MEADOWS, IL — Arthur J. Gallagher & Co. (NYSE: AJG) announced the acquisition of Palmer Atlantic Insurance Ltd (Palmer Atlantic), located in New Brunswick, Canada. Terms of the transaction were not disclosed.
Founded in 1976, Palmer Atlantic is a retail property/casualty broker specializing in the transportation and logistics sector, and a leading trucking insurance specialist in Atlantic Canada. For more than 40 years, Palmer Atlantic has provided commercial insurance and risk management solutions to a wide range of industries and clients in the Atlantic region. Joe Palmer and his associates will continue to operate from their current location under the direction of Phillip Gaunce, head of Gallagher’s Atlantic Canada retail property/casualty brokerage operations.
“The Palmer Atlantic team’s significant strength in transportation and logistics, reputation for delivering superior client service and strong market relationships make them a terrific addition to our expanding Canadian operations,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am very pleased to welcome Joe and his colleagues to our growing Gallagher family of professionals.”