Arthur J. Gallagher & Co. Acquires Manchester Underwriting Agencies Limited
October 4, 2021
Arthur J. Gallagher & Co., through its specialist underwriting subsidiary Pen Underwriting, acquired 100% of UK-based Manchester Underwriting Agencies Limited (and its subsidiary Manchester Underwriting Management Limited). Terms were not disclosed; founder Charles Manchester will continue to lead the business. The acquisition expands Pens specialist underwriting capabilities and adds a complementary book of professional indemnity and management liability business serving SMEs in the UK.
- Buyers
- Arthur J. Gallagher & Co., Pen Underwriting
- Targets
- Manchester Underwriting Agencies Limited, Manchester Underwriting Management Limited
- Industry
- Insurance
- Location
- Buckinghamshire, United Kingdom
- Transaction Type
- Buyout
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