Arthur J. Gallagher's Pen Underwriting Acquires Tay River Holdings Ltd

April 3, 2023

Arthur J. Gallagher & Co., through its specialist underwriting subsidiary Pen Underwriting, acquired UK-based Tay River Holdings Ltd and its specialist managing general agent (MGA) companies. The acquisition brings marine specialty underwriting capabilities (marine liability, ports & terminals, marine war risks and kidnap & ransom) into Pen; Paul Hartley will continue to lead the Tay team. Terms were not disclosed.

Buyers
Arthur J. Gallagher & Co., Pen Underwriting
Targets
Tay River Holdings Ltd
Industry
Insurance
Location
England, United Kingdom
Transaction Type
Buyout

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