Arthur J. Gallagher & Co. Acquires Köberich Financial Lines

Core Viewpoint - Arthur J. Gallagher & Co. has acquired Köberich Financial Lines, an insurance broker based in Cologne, Germany, enhancing its financial lines expertise in Europe [1] Company Overview - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries [1] Acquisition Details - The terms of the acquisition of Köberich Financial Lines were not disclosed [1] - Köberich specializes in financial lines products and will operate under the leadership of Alex Nagler, who heads Gallagher's retail property/casualty brokerage operations in Europe [1] Strategic Fit - The acquisition is viewed as a strategic fit for Gallagher as it continues to expand its presence in the European market [1] - J. Patrick Gallagher, Jr., Chairman and CEO, expressed satisfaction in welcoming Harald Köberich and his team to Gallagher's global operations [1]