Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Switzerland-based AccurART.
Terms of the transaction were not disclosed.
AccurART is a specialist fine arts insurance broker for private collections, museums, galleries and fine arts exhibitions, as well as offering services for jewelry, wine collections and musical instruments. It is headquartered in Zurich, Switzerland, and operates a subsidiary in Vaduz, Liechtenstein, which serves clients across Europe.
Sandra Aebersold, Frank Häcker and their team will operate under the direction ofStephan Bachmann, head of Gallagher’s insurance brokerage operations in Switzerland.
“AccurART bolsters our specialist fine arts presence in Europe, complementing our existing experience in this field,” said J. Patrick Gallagher Jr., chairman, president and CEO. “We are delighted to welcome Sandra, Frank and their colleagues to Gallagher and look forward to working with them to further expand their client base with their sector expertise and specialist service.”
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
Source: Arthur J. Gallagher & Co.
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