North Star Marine Insurance was founded in Fairhaven in 2014
Global brokerage insurance firm Arthur J. Gallagher & Co. has acquired North Star Marine Insurance Services in a deal which includes its counterpart entity, North Star Insurance Services of Seattle.
“North Star brings us a widely recognized and well-respected team of marine professionals with strong carrier relationships and a client roster that complements our existing marine business,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “I am delighted to welcome John, Ian and their associates to Gallagher’s growing global team.”
Acquisition expands Gallagher’s Marine Insurance presence throughout the U.S.
The Seattle-based North Star Insurance Services was founded in 2001 as a ‘full-service marine insurance broker’. Over the past two decades the agency has grown to serve clients throughout the country with its expertise growing to “…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 established North Star Marine Insurance Services in Fairhaven to address growing customer demand on the other side of the country and in particular in the New England and Northeast regions.
According to the terms of the transaction, North Star’s 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. No further terms of the transactions were disclosed.
More about Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. 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.