Arthur J. Gallagher (AJG) Acquires Köberich Financial Lines

Arthur J. Gallagher & Co. today (NYSE: AJG) announced the acquisition of Cologne, Germany-based Köberich Financial Lines (Köberich). Terms of the transaction were not disclosed.

Köberich is an insurance broker specializing in financial lines products. Harald Köberich and his team will operate under the direction of Alex Nagler, head of Gallagher's retail property/casualty brokerage operations in Europe.

"Köberich complements Gallagher's existing financial lines expertise and is an excellent strategic fit as we continue to expand in Europe," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome Harald and his associates to our growing, global team."

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