Gallagher expands Canadian footprint with latest acquisition
Arthur J Gallagher is acquiring a Markham, Ontario-based property/casualty managing general agency (MGA) and Lloyd's broker, in a move to expand its footprint in the Canadian market.
Founded in 2008, Excess Underwriting offers underwriting service and products for commercial and residential property, general liability and errors & omissions insurance across Canada.
Following the deal, George Longo and his team will continue to operate from their current location under the direction of David Partington, CEO of Gallagher's Canadian property and casualty operations.
Partington said Longo has built a very strong business and this is a "very strategic partnership for Gallagher in Canada. We have ambitious plans for Canada and bringing George and his team onboard are part of that."
"This signifies a coming together of two like-minded cultures. Our matching philosophies and ideas around putting our people first by creating fulfilling work environments and providing investment and technology for us to help our clients, makes us an ideal pairing in this marketplace," Partington added.
Longo added: "We couldn't be more thrilled to join forces to become a part of a growing Canadian and global team."
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