Arthur J. Gallagher acquires Albany Insurance Services in New Zealand

• Arthur J. Gallagher & Co. (NYSE:AJG) acquired Albany Insurance Services, a retail insurance broker based in New Zealand.
• The acquisition expands Gallagher’s retail brokerage presence in the Auckland and Canterbury regions.
• Financial terms of the transaction were not disclosed.

Arthur J. Gallagher (NYSE:AJG) completed the acquisition of Albany Insurance Services, a New Zealand-based retail insurance brokerage serving commercial and personal insurance clients.

The acquisition strengthens Gallagher’s presence in New Zealand’s retail insurance market, particularly across the Auckland and Canterbury regions.

Transaction terms were not disclosed.

The Albany Insurance team, led by Jeremy Bleakley, will continue operations under Carl O’Shea, head of Gallagher’s New Zealand retail brokerage operations.

The deal aligns with Gallagher’s broader strategy of expanding its global insurance brokerage platform through acquisitions of established regional firms.