Arthur J. Gallagher & Co. Acquires SBW Employee Benefits

Global insurance broker Arthur J. Gallagher & Co has acquired Halifax, Nova Scotia-based Sinclair Billard and Weld Limited, and CJM Solutions + Inc., dba SBW Employee Benefits. Terms of the transaction were not disclosed.

SBW Employee Benefits designs, administers, markets and manages comprehensive group insurance programs and defined contribution group retirement programs for businesses and associations across Atlantic Canada. It also provides consulting advice on employee assistance plans and wellness programs. Rob Weld, Jamie Spence, Lorie Collins and their associates will continue to operate from their office in Halifax under the direction of Melanie Jeannotte, president of Gallagher's Canadian employee benefits consulting and brokerage operations.

"With the addition of SBW's expertise and client-focused approach, our Atlantic Canada capabilities are now unparalleled in the market," said J. Patrick Gallagher, Jr, chairman, president and CEO. "We are pleased to welcome Rob, Jamie, Lorie and their associates to our growing global team."