Gallagher acquires Allied Insurance Brokers and Ascinsure Specialty Risk in the US
Broker Arthur J Gallagher has acquired Pennsylvania-based Allied Insurance Brokers and its subsidiary Ascinsure Specialty Risk.
Founded in 1982, Allied specialises in offering insurance and risk management services to crane, scaffold and equipment dealers throughout the US, and non-profit social services organisations in Western Pennsylvania. Ascinsure is a programme underwriting manager for the crane and scaffold industries.
Following the transaction, Allied associates will continue to operate from their current location under the direction of Dan Tropp, head of Gallagher's Mid-Atlantic retail property/casualty brokerage operations, and Chris Leisz, head of programs for Gallagher's US wholesale operation, Risk Placement Services.
"Allied Insurance Brokers and Ascinsure Specialty Risk bring us outstanding niche expertise, a strong new business focus, innovative loss control services and a commitment to client advocacy," said J. Patrick Gallagher, Jr., chairman, president and CEO. "I am excited to welcome Marty, Tres, Jared and their associates to our growing global team."
Tropp noted: "As recognised leaders in the crane and scaffold space, Allied is a natural addition to our construction practice capabilities. Their sales culture and consultative approach fit perfectly with our Core360 approach to evaluating and minimising our clients' total cost of risk."
Leisz added: "Ascinsure is a proven leader in the crane, scaffolding, rental equipment and party goods dealers' insurance markets, helping its agents and their clients understand their exposures in this difficult segment. I am excited to partner with Marty and the Ascinsure team."
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