Transfer expands its transportation market experience
Motor & Fleet
By
Mika Pangilinan
Arthur J. Gallagher & Co has moved to strengthen its foothold within the transportation market, buying Ace Business Insurance coverage Heart in California.
Ace is a specialist insurance coverage dealer that has carved a distinct segment throughout the trucking trade. It serves shoppers based totally in Southern California and is headquartered within the metropolis of Corona.
Jackie Hoang, Anhdy Nguyen, and the remainder of the workforce at Ace will function from their present location underneath the management of Scott Firestone, who serves as the top of Gallagher’s Southwest area retail property/casualty brokerage operations.
Chairman, president and CEO J. Patrick Gallagher, Jr. commented on the acquisition and mentioned the addition of Ace expands Gallagher’s transportation market experience within the Southwest.
“I’m more than happy to welcome Jackie, Anhdy and their associates to Gallagher,” he mentioned.
Ace is the most recent in a sequence of current acquisitions introduced by Gallagher. Earlier this month, the broking big revealed that it had swooped for Mississippi-based Southern Insurance coverage Group, which focuses on business and private property/casualty coverages. It additionally simply signed a deal to amass Japanese Insurance coverage Group, a subsidiary of Japanese Financial institution.
Gallagher is headquartered in Rolling Meadows, Illinois. Its presence spans throughout 130 international locations worldwide, comprised of its owned operations and a community of correspondent brokers and consultants.
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