Global insurance broker Arthur J Gallagher & Company recently acquired Briat Insurance Limited, another brokerage firm based in Grand Cayman.
Though the details of the transaction were not disclosed, Gallagher, in pushing its aggressive mergers and acquisitions (M&A) strategy, said that the latest acquisition aligns well with its mission of offering world-class risk management solutions in the Caribbean.
Gallagher and Briat clients in the Grand Cayman are expected to benefit from a combined and increased focus on global technology that provides accessible insurance coverage and solutions delivered through experienced local professionals.
“It’s a really exciting time for Briat — our clients will work with the same team of people, our associates will operate with the same culture and mission, and everyone will experience the same level of service we have provided for years,” said Clive Dawson, managing director of Briat.
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