Arthur J. Gallagher & Co. Acquires RGA Group
ROLLING MEADOWS, IL — Arthur J. Gallagher & Co. announced the acquisition of three Brentford, UK-based insurance intermediaries — Rentguard Limited, Home & Travel Limited and RGA Underwriting Limited — collectively referred to as RGA Group. Terms of the transaction were not disclosed.
Founded in 2001, the companies comprising RGA Group specialize in coverages for private and professional landlords and real estate portfolio owners, as well as offering wider property owner insurance coverages to individuals and businesses. Group CEO James Castell and his associates will continue to operate from their current location under the direction of Gareth Birch, head of Gallagher’s UK SME & Personal Lines Division.
“RGA Group’s expertise in developing and delivering effective risk solutions across the property owners’ insurance market broadens our international specialist capabilities,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I’d like to extend a warm welcome to James and his associates as they join our growing global team.”
Michael Rea, CEO of UK Retail for Gallagher, said: “The complementary product range of RGA Group and its well-known trading brands will further strengthen Gallagher’s established specialism in niche property owners’ insurance, while extending our UKdistribution capabilities to reach even more customers.”