Arthur J. Gallagher & Co. has acquired Bremer Insurance Agencies, Inc., a property and casualty insurance broker based in St. Paul, Minnesota. The terms of the transaction were not disclosed.
Bremer Insurance Agencies, previously a subsidiary of Old National Bancorp after Old National’s acquisition of Bremer Bank, provides insurance services to commercial, agricultural, and personal lines clients across Minnesota, North Dakota, and Wisconsin.
The agency’s operations will continue under the leadership of Travis Hoaglund, who, along with his team, will report to Sean Gallagher, head of Gallagher’s Great Lakes region retail property and casualty brokerage operations.
“Bremer Insurance Agencies has an excellent record of client service and will expand our retail brokerage offerings in the Upper Midwest,” said J. Patrick Gallagher, Jr. (pictured above), chairman and CEO of Arthur J. Gallagher & Co.
The acquisition of Bremer Insurance Agencies is part of Gallagher’s broader growth strategy, which has included more than 150 acquisitions since 2020. Among these is the landmark $13.45 billion deal for AssuredPartners, one of the largest transactions in the industry.
The completed AssuredPartners deal added approximately 400 offices and 10,900 employees to Gallagher’s network, strengthening its presence in the US, UK, and Ireland. The acquisition also enhanced Gallagher’s middle-market and specialty practice capabilities, supporting its strategy to serve a broader client base with expanded resources.
In addition to its US expansion, Gallagher has also acquired Dominick Falcone Agency and Falcone Associates Inc., property and casualty and employee benefits firms based in Syracuse, New York.
Gallagher’s international footprint includes more than 100 offices in the UK, 45 in Australia, 37 in New Zealand, and 16 in India. The company has indicated plans to further expand into Latin America, Western Europe, and Asia, using a hub-and-spoke model to serve multinational and middle-market clients with complex insurance needs.
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