Arthur J. Gallagher & Co. Acquires Manchester Underwriting Agencies Limited
ROLLING MEADOWS, Ill., Oct. 4, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its specialist underwriting subsidiary Pen Underwriting has acquired
Founded in 2010 by Charles Manchester as a specialist underwriting agency, MUM has grown organically and through bolt-on acquisitions into a multi-class, full-service managing general agent (MGA) with five locations in the UK. MUM specializes in providing professional indemnity and management liability coverages for SMEs through its independent retail broker clients. The business will become part of Pen Underwriting and Charles Manchester will continue to lead MUM.
"MUM is a highly regarded specialist underwriting agency that will be a fantastic addition to the Pen family," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "It brings a complementary book of business and deep market expertise. We are delighted to welcome Charles and his associates to our growing global team."
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. The company has operations in 57 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.
Investors: Ray Iardella | Media: Linda J. Collins |
VP – Investor Relations | VP – Corporate Communications |
630-285-3661/ ray_iardella@ajg.com | 630-285-4009/ linda_collins@ajg.com |
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SOURCE Arthur J. Gallagher & Co.
