Arthur J. Gallagher & Co., a global leader in insurance brokerage and risk management, has acquired Shepard Insurance Group.
The acquisition strengthens Gallagher’s position in the high-net-worth insurance market, building on Shepard Insurance Group’s strong regional presence and expertise. Financial details of the deal were not disclosed, according to InsurTech Insights.
The announcement comes shortly after Gallagher revealed its acquisition of THB Chile, a retail insurance broker headquartered in Santiago.
Shepard Insurance Group specialises in providing tailored insurance solutions to high-net-worth clients across the Northeastern United States and Florida.
With a focus on personalised service, the firm has built a reputation for meeting the unique needs of its affluent clientele.
Arthur J. Gallagher & Co., headquartered in Rolling Meadows, Illinois, is a leading global insurance brokerage and risk management services provider.
The company operates in more than 150 countries, offering insurance, consulting, and risk management solutions across diverse industries.
As part of the deal, Steve Shepard and Kyle Shepard, along with their team, will remain in their current office. They will report to Brendan Gallagher, who oversees Gallagher’s retail property and casualty brokerage operations in the Northeast region.
Gallagher noted that the acquisition underscores its commitment to expanding its footprint in the high-net-worth insurance sector. The integration of Shepard Insurance’s expertise will enhance Gallagher’s ability to serve affluent clients while broadening its service offerings in key regions.
“Shepard Insurance Group is well regarded for their client service and will expand our high-net-worth offerings in the Northeast,” J. Patrick Gallagher, Jr., chairman and CEO, said. “I am delighted to welcome Steve, Kyle and their associates to Gallagher.”
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