Arthur J. Gallagher & Co. has acquired Albany Insurance Services Limited, expanding the global insurance brokerage firm’s presence in New Zealand. Financial terms of the transaction were not disclosed.
Albany Insurance is a retail insurance broker serving both commercial and personal lines clients across New Zealand’s Auckland and Canterbury regions.
Following the acquisition, the Albany Insurance team will become part of Gallagher’s New Zealand brokerage organization.
Jeremy Bleakley, who leads Albany Insurance, and his team will operate under the direction of Carl O’Shea, head of Gallagher’s New Zealand retail brokerage operations.
Gallagher said the acquisition adds Albany Insurance’s regional market expertise and client relationships to its existing New Zealand operation.
The transaction is part of Gallagher’s broader acquisition strategy of adding insurance brokerage businesses with established local market positions while integrating them into its global network.
Gallagher is headquartered in Rolling Meadows, Illinois, and provides insurance brokerage, risk management and consulting services in approximately 130 countries through owned operations and correspondent brokers and consultants.
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“Albany Insurance’s market expertise and client-first culture will enhance our brokerage operations in New Zealand. I am delighted to welcome Jeremy and his associates to Gallagher.”
J. Patrick Gallagher, Jr., Chairman and CEO of Arthur J. Gallagher & Co.
