ROLLING MEADOWS, Ill., April 19, 2021 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has agreed to a strategic partnership with MIG Holding Ltd (MIG Group), which will see the company take a minority interest in Middle East & North Africa (MENA) specialist insurance broker ACE. Subject to the necessary regulatory approvals, Gallagher will take a 30% minority interest in the ACE entities and MIG Group will retain a 70% interest. "Our strategic investment in ACE enhances Gallagher's international presence in the Middle East and expands our insurance and reinsurance capabilities across the region," said J. Patrick Gallagher, Jr., Chairman, President and CEO. Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Investors: Ray Iardella Media: Linda J. Collins VP – Investor Relations VP – Corporate Communications 630-285-3661/ [email protected] 630-285-4009/ [email protected]SOURCE Arthur J. Gallagher & Co.Related Linkshttp://www.ajg.com

Source: The North Africa Journal April 19, 2021 07:52 UTC