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Recent mergers: Kaufman, Ryan, Midas, Gallagher

H.W. Kaufman Financial Group, headquartered in Farmington Hills, Mich., has acquired Technical Risk Services (TRS), a Toronto, Canada-based specialist in loss control services, inspections, and risk control consulting.

TRS is a full-service loss control inspection and consulting firm that has operated in Ontario, Canada for more than 15 years, with expertise in large, complex commercial building inspections in industries such as manufacturing, distribution, and energy, Kaufman said in a statement.

Kaufman said the acquisition marks its first in 2016, which will add to its “diverse roster of specialty insurance, brokerage, and insurance services companies.”

“Kaufman’s global portfolio currently includes Canadian Reports, a Canadian provider of premium audits, loss control inspections and risk management services, focused on inspections for commercial and personal risks of all sizes. The addition of TRS deepens our commercial expertise and strengthens our North American offerings,” said Alan Jay Kaufman, chairman, president and CEO of Kaufman Financial Group.

TRS will continue to operate under the TRS name as part of Canadian Reports. Gilles Proulx, former executive vice president, Client Services of TRS, will join the Kaufman team as president of Canadian Reports.

Ryan Direct/Midas Underwriting

Ryan Direct Group (RDG), the insurance services business and part of Chicago-based Ryan Specialty Group (RSG), has entered into agreement to acquire Northern Ireland-based MGA Midas Underwriting, subject to regulatory approval. The financial considerations were not disclosed.

Derek Coles, RDG CEO, said the acquisition will give RDG extra capability in niche and specialist lines in home, motor and commercial. “Midas is a specialist business, like RDG, and the Midas book complements our existing portfolio in SME, property owners and landlords, and additionally supports our medium term aim of creating a balanced commercial and personal lines book.”

Coles said that Paul Donaldson, currently non-executive director of RDG, will chair the acquired business, which is headquartered in Belfast, and has an additional office in Chelmsford, Essex. The acquisition is expected to complete during the first quarter of 2016.

Gallagher/Strathearn

Arthur J. Gallagher & Co. has acquired 100 percent of the capital stock of Strathearn Insurance Group Pty Ltd., headquartered in Perth, Australia. Terms of the transaction were not disclosed.

Founded in 1993, Strathearn provides commercial insurance and risk management services to mid-market and larger clients with complex insurance needs, said Gallagher in a statement, noting that the company also has offices in Brisbane, Sydney and Adelaide.

Paul Harvey and his associates will continue to operate from their current locations under the direction of Andrew Godden, head of Gallagher’s Australian insurance brokerage operation, the statement continued.

“Over the past 24 months, Gallagher has partnered with a number of outstanding acquisitions in Australia that had similar cultures and strategic growth goals. With their broad range of insurance broker capabilities, particularly in servicing complex risks, Strathearn’s team is another wonderful match for us,” said J. Patrick Gallagher Jr., chairman, president and CEO.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in 31 countries and offers client-service capabilities in more than 140 countries around the world through a network of correspondent brokers and consultants.


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