Arthur J. Gallagher & Co. Acquires North Star Insurance Services, North Star Marine

Arthur J. Gallagher & Co. has acquired Seattle-based North Star Insurance Services LLC and Fairhaven, Mass.-based North Star Marine Insurance Services LLC. Terms of the transaction were not disclosed.

Founded in 2001, North Star Insurance Services is a full-service marine insurance broker serving clients throughout the U.S. Its expertise spans nearly all facets of the marine industry, including hull, machinery, marine liabilities and cargo for commercial fishing, tugs and barges, shipyards and ocean-going cargo vessels.

In 2014, North Star Marine Insurance Services was established in Fairhaven to address growing customer demand in that region. John Walsh, Ian Blackburn and their associates will continue operating from their current locations under the direction of Jim Buckley, head of Gallagher’s Northwest region retail property/casualty brokerage operations.

Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Ill. The company has operations in 49 countries and offers client-service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

Source: Arthur J. Gallagher & Co.