Arthur J. Gallagher & Co. announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re. Terms of the transaction were not disclosed. MGB provides reinsurance solutions to health maintenance organizations, or HMOs, managing general underwriters, or MGUs, and insurance companies in the U.S. medical sector. The MGB leadership team of Andrew Barth, Jacqueline Greer and Thomas McGrath will operate under the direction of Jim Fallon, Gallagher Re’s Eastern Region Manager in North America and Rob Fast, Life, Accident and Health Segment Leader in North America.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AJG: