Insurance firm Arthur J. Gallagher & Co has acquired retail insurance broker Interbrok for an undisclosed fee.
According to Insurance Business, Interbrok Group is retail broker that provides a range of commercial and personal insurance products and services to clients throughout Brazil.
Following the acquisition, Interbrok executives Angeles de Magalhães, Anselmo do Ó de Almeida, José Roberto Borelli, Luis Arthur A. David, Anthony Wyles, Edson Hirazaki and their team will remain in their current location and will report to Gallagher CEO of Brazil retail insurance brokerage operations Rodrigo Protasio and country manager Luiz Araripe.
The announcement of Gallagher’s acquisition of Interbrok comes ONE day after the brokerage announced that it was acquiring BCHR Holdings, L.P., dba Buck.
Gallagher chairman, president and CEO J. Patrick Gallagher said, “Interbrok Group has a rich history of client-focused service and will expand our footprint significantly in Brazil. I am delighted to welcome the Interbrok team to our growing, global company.”
Data analytics provider Verisk recently agreed to acquire Mavera, a Swedish InsurTech firm, for an undisclosed fee.
Mavera’s team and platform will be onboarded into the Verisk ecosystem of insurance solutions. The firm noted that the transaction is subject to customary closing conditions.
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