Arthur J. Gallagher & Co. has acquired the Illinois-domiciled Afina Insurance Advisors Inc., a property & casualty insurance broker serving clients in greater Chicago, in an undisclosed transaction.
As per the announcement, George Van Denend and his team will remain in their current location under the direction of Ryan Isaacs, Head of Gallagher’s Midwest region retail property/casualty brokerage operations.
J. Patrick Gallagher, Jr., Chairman and Chief Executive Officer, commented on the acquisition, “Afina Insurance is a highly regarded agency whose niche expertise complements our existing retail brokerage capabilities in the Chicago area. I am delighted to welcome George and his associates to Gallagher.”
This builds on the recent acquisition of Santiago-domiciled retail insurance broker THB Chile in November and the July 2024 acquisition of California-based Cornerstone Commercial & Personal Insurance Services, Inc. (Cornerstone) in another undisclosed transaction as part of its ongoing expansion strategy.
Other recent acquisitions include The John Galt Insurance Agency, an independent insurance agency providing full-service property & casualty insurance coverages in Florida.…Read more by Saumya Jain
