Arthur J Gallagher has announced the acquisition of New York-based Filos Agency.
Filos Agency is a retail property and casualty insurance agency serving New York area businesses and individuals.
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Thomas Costantakos and his team will continue to operate out of their current location as part of Gallagher Agency Alliance under the direction of Jen Tadin, head of Gallagher Select, its US property/casualty operations for small businesses.
“Filos Agency’s strong reputation for client service in its local communities will be an excellent complement to our existing small business capabilities,” said J. Patrick Gallagher, Jr., chairman and CEO. “I am delighted to welcome Tom and his associates to Gallagher.”
Arthur J Gallagher & Co has also purchased Redington, an investment consulting company based in London, UK.
The deal consideration was not disclosed.
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By GlobalDataRedington offers comprehensive investment, research, and technology services to a diverse clientele, including pension funds, wealth managers, and institutional investors in the UK.
The company’s CEO Sylvia Pozezanac and her team will continue to operate from their existing location, now under the supervision of Gallagher UK employee benefits and HR consulting operations head David Piltz.
This acquisition strengthens Gallagher’s capabilities in the UK consulting sector.
Earlier this year, Gallagher acquired Implement Compliance Solutions & Resources (ICSR), through the former’s subsidiary Artex.
ICSR primarily serves insurance businesses in the UK, offering consulting and support services on compliance, governance, risk and operations.
