Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Washington, D.C.-based Clements Worldwide.
Clements is an international insurance broker serving expats, diplomats and military personnel as well as offering commercial coverages for nonprofits, contractors, embassies and schools.
In addition to its Washington, D.C. office, Clements operates out of London, Dublin, Gibraltar and Dubai.
According to the announcement, Jon Clements and his team will remain in their current locations under the direction of Bumpy Triche, head of Gallagher’s Mid-South retail property/casualty brokerage operations.
Terms of the transaction were not disclosed.
“Clements enhances our international capabilities with their specialist market expertise and provides significant cross-selling opportunities,” said J. Patrick Gallagher, Jr., chairman, president and CEO.
In 2011, Clements International changed its name to Clements Worldwide.
Arthur J. Gallagher & Co. is headquartered in Rolling Meadows, Illinois and operates in approximately 130 countries.
Related:
Topics Mergers & Acquisitions Agencies
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