Arthur J. Gallagher Acquires Bergvall Marine

(RTTNews) - Arthur J. Gallagher & Co. (AJG) said Tuesday that it has acquired Bergvall Marine located in Oslo, Norway.

Bergvall Marine's annualized revenues total about $5 million. Other terms of the deal were not disclosed.

Bergvall Marine is a retail insurance broker that provides marine insurance products and risk management insurance services for its international clients. They specialize in placing coverage for ship owners and managers, offshore contractors, ship yards and finance institutions and offer both the traditional types of coverage and the development of more complex, custom-made solutions.

Managing Director, Anders Mjaaland, and his colleagues will continue to operate in their current Oslo location under the direction of Vyvienne Wade, head of Gallagher's London-based international commercial operations.