Arthur J. Gallagher & Co. announced Jan. 7 the acquisition of Fredericton, New Brunswick-based Cain Insurance Services Ltd.
Cain, founded in 1986, is a retail property/casualty broker offering commercial and personal insurance. Gallagher says Cain’s particular strengths include serving clients in the public sector, manufacturing, agriculture, realty and construction.
Dan Cain, Luke Cain and their associates will continue to operate from their current location under the direction of Michael Thornhill, Area President of Gallagher's Atlantic Canada retail property/casualty brokerage operations.
"Cain's broad capabilities and excellent client relationships in the New Brunswick market will complement and enhance Gallagher's growing presence across Atlantic Canada," stated J. Patrick Gallagher, Jr., Chairman President and CEO. "We are very pleased to welcome Dan, Luke and their team to our growing global company."
Terms of the transaction were not disclosed.
