Gallagher Re buys broker to boost medical reinsurance business

Global broker Arthur J Gallagher’s reinsurance division Gallagher Re has acquired a Canadian broker to accelerate the expansion of its US medical reinsurance business.

Toronto, Ontario-based MGB Re provides reinsurance solutions to health maintenance organisations (HMOs), managing general underwriters (MGUs) and insurance companies in the US medical sector.

Following the deal, MGB's leadership team – 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.

"MGB’s strong client relationships and expertise will accelerate the growth of our medical reinsurance business and broaden our service offerings," said J. Patrick Gallagher, Jr., chairman and CEO. "I am very pleased to welcome Andrew, Jacqueline and Thomas to our growing, global team."

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